Piper Jaffray Companies (NYSE:PJC) Shares Bought by Voya Investment Management LLC

Share on StockTwits

Voya Investment Management LLC raised its holdings in Piper Jaffray Companies (NYSE:PJC) by 1,498.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 191,023 shares of the financial services provider’s stock after acquiring an additional 179,072 shares during the quarter. Voya Investment Management LLC owned 1.33% of Piper Jaffray Companies worth $14,418,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the company. Convergence Investment Partners LLC increased its position in shares of Piper Jaffray Companies by 17.8% in the second quarter. Convergence Investment Partners LLC now owns 2,440 shares of the financial services provider’s stock valued at $181,000 after buying an additional 369 shares in the last quarter. James Investment Research Inc. increased its position in shares of Piper Jaffray Companies by 12.5% in the second quarter. James Investment Research Inc. now owns 24,765 shares of the financial services provider’s stock valued at $1,839,000 after buying an additional 2,745 shares in the last quarter. Creative Planning purchased a new position in shares of Piper Jaffray Companies in the second quarter valued at $213,000. Fisher Asset Management LLC increased its position in shares of Piper Jaffray Companies by 17.9% in the second quarter. Fisher Asset Management LLC now owns 123,386 shares of the financial services provider’s stock valued at $9,164,000 after buying an additional 18,749 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Piper Jaffray Companies in the second quarter valued at $891,000. Institutional investors and hedge funds own 78.81% of the company’s stock.

A number of analysts recently commented on the company. Northland Securities reiterated a “buy” rating on shares of Piper Jaffray Companies in a research report on Thursday, October 31st. Buckingham Research assumed coverage on Piper Jaffray Companies in a research report on Friday, October 4th. They set a “neutral” rating and a $80.00 price objective for the company. Finally, Zacks Investment Research upgraded Piper Jaffray Companies from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Piper Jaffray Companies currently has an average rating of “Buy” and a consensus target price of $85.67.

Piper Jaffray Companies stock opened at $80.76 on Tuesday. The stock has a market cap of $1.16 billion, a PE ratio of 13.17 and a beta of 1.36. The stock has a 50-day moving average price of $77.37 and a 200 day moving average price of $74.92. Piper Jaffray Companies has a 52 week low of $61.35 and a 52 week high of $82.52.

Piper Jaffray Companies (NYSE:PJC) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.09. The firm had revenue of $200.74 million during the quarter, compared to analysts’ expectations of $205.66 million. Piper Jaffray Companies had a return on equity of 12.26% and a net margin of 10.99%. Equities research analysts predict that Piper Jaffray Companies will post 6.28 EPS for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 21st. Piper Jaffray Companies’s dividend payout ratio is presently 24.47%.

About Piper Jaffray Companies

Piper Jaffray Companies operates as an investment bank and asset management firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company's Capital Markets segment offers investment banking and institutional sales, trading, and research services for various equity and fixed income products.

See Also: Municipal Bonds

Institutional Ownership by Quarter for Piper Jaffray Companies (NYSE:PJC)

Receive News & Ratings for Piper Jaffray Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piper Jaffray Companies and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.