Piper Jaffray Companies to Issue Dividend of $0.38 (NYSE:PJC)

Piper Jaffray Companies (NYSE:PJC) declared a dividend on Thursday, October 31st, Fidelity reports. Shareholders of record on Friday, November 22nd will be given a dividend of 0.375 per share by the financial services provider on Friday, December 13th. The ex-dividend date is Thursday, November 21st.

PJC traded up $0.31 during midday trading on Tuesday, reaching $78.86. The company had a trading volume of 3,221 shares, compared to its average volume of 91,714. The stock has a market cap of $1.09 billion, a PE ratio of 12.84 and a beta of 1.36. Piper Jaffray Companies has a 12-month low of $61.35 and a 12-month high of $82.52. The business has a 50-day moving average price of $75.00 and a two-hundred day moving average price of $74.92.

Piper Jaffray Companies (NYSE:PJC) last released its earnings results on Wednesday, October 30th. The financial services provider reported $1.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.09. The firm had revenue of $200.74 million for the quarter, compared to analysts’ expectations of $205.66 million. Piper Jaffray Companies had a net margin of 10.99% and a return on equity of 12.26%. Analysts anticipate that Piper Jaffray Companies will post 6.28 EPS for the current year.

A number of brokerages recently commented on PJC. Zacks Investment Research upgraded shares of Piper Jaffray Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Buckingham Research began coverage on shares of Piper Jaffray Companies in a research note on Friday, October 4th. They set a “neutral” rating and a $80.00 price target on the stock. Finally, Northland Securities restated a “buy” rating on shares of Piper Jaffray Companies in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $85.33.

Piper Jaffray Companies Company Profile

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.

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Dividend History for Piper Jaffray Companies (NYSE:PJC)

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