Schwab Charles Investment Management Inc. raised its position in shares of Piper Jaffray Companies (NYSE:PJC) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,164 shares of the financial services provider’s stock after purchasing an additional 3,865 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.47% of Piper Jaffray Companies worth $4,224,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. boosted its holdings in Piper Jaffray Companies by 93.0% during the third quarter. Farmers & Merchants Investments Inc. now owns 2,090 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 1,007 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Piper Jaffray Companies by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,842 shares of the financial services provider’s stock valued at $170,000 after buying an additional 10 shares during the period. SG Americas Securities LLC bought a new stake in shares of Piper Jaffray Companies in the third quarter valued at about $192,000. Municipal Employees Retirement System of Michigan raised its position in Piper Jaffray Companies by 57.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,310 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 1,940 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Piper Jaffray Companies by 61.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,349 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 2,032 shares in the last quarter. 66.24% of the stock is currently owned by institutional investors.
Piper Jaffray Companies (NYSE:PJC) opened at $91.35 on Friday. Piper Jaffray Companies has a 52-week low of $52.75 and a 52-week high of $93.50. The company has a current ratio of 1.48, a quick ratio of 0.15 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1,390.04, a price-to-earnings ratio of -19.39 and a beta of 1.58.
Several research analysts recently issued reports on PJC shares. Desjardins raised shares of Piper Jaffray Companies from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. JMP Securities began coverage on shares of Piper Jaffray Companies in a report on Tuesday, November 7th. They set a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods raised shares of Piper Jaffray Companies from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.93.
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Piper Jaffray Companies Company Profile
Piper Jaffray Companies is an investment bank and asset management company. The Company’s segments include Capital Markets and Asset Management. The Capital Markets segment provides investment banking and institutional sales, trading and research services for various equity and fixed income products.
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