Piper Jaffray Companies (PJC) to Issue Quarterly Dividend of $0.31 on December 15th

Piper Jaffray Companies (NYSE:PJC) declared a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Stockholders of record on Wednesday, November 29th will be paid a dividend of 0.3125 per share by the financial services provider on Friday, December 15th. This represents a $1.25 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Tuesday, November 28th.

Piper Jaffray Companies (NYSE:PJC) opened at $76.80 on Thursday. Piper Jaffray Companies has a 52-week low of $52.75 and a 52-week high of $81.85. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.15 and a current ratio of 1.48. The company has a market capitalization of $1,162.65, a PE ratio of 10.91 and a beta of 1.56.

Piper Jaffray Companies (NYSE:PJC) last posted its earnings results on Thursday, October 26th. The financial services provider reported $2.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $1.07. Piper Jaffray Companies had a positive return on equity of 11.11% and a negative net margin of 6.30%. The business had revenue of $240.57 million during the quarter.

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A number of research firms have commented on PJC. JMP Securities began coverage on Piper Jaffray Companies in a research report on Tuesday, November 7th. They set a “market perform” rating for the company. Keefe, Bruyette & Woods raised Piper Jaffray Companies from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. BidaskClub lowered Piper Jaffray Companies from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, Desjardins raised Piper Jaffray Companies from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $27.79.

Piper Jaffray Companies announced that its board has authorized a share repurchase plan on Thursday, August 10th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the financial services provider to buy up to 17.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

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.

Dividend History for Piper Jaffray Companies (NYSE:PJC)

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