Institutional Investors Are Buying Jaffray Companies Piper (NYSE:PJC)

July 17, 2017 - By Michael Collier

 Institutional Investors Are Buying Jaffray Companies Piper (NYSE:PJC)

Sentiment for Jaffray Companies Piper (NYSE:PJC)

Jaffray Companies Piper (NYSE:PJC) institutional sentiment increased to 1.26 in 2016 Q4. Its up 0.06, from 1.2 in 2016Q3. The ratio improved, as 86 institutional investors started new or increased equity positions, while 68 reduced and sold positions in Jaffray Companies Piper. The institutional investors in our partner’s database now possess: 10.34 million shares, up from 10.11 million shares in 2016Q3. Also, the number of institutional investors holding Jaffray Companies Piper in their top 10 equity positions increased from 0 to 1 for an increase of 1. Sold All: 13 Reduced: 55 Increased: 46 New Position: 40.

Piper Jaffray Companies is an investment bank and asset management company. The company has market cap of $967.08 million. The Company’s divisions include Capital Markets and Asset Management. It currently has negative earnings. The Capital Markets segment provides investment banking and institutional sales, trading and research services for various equity and fixed income products.

The stock increased 0.86% or $0.55 on July 17, reaching $64.55. About 35,702 shares traded. Piper Jaffray Companies (NYSE:PJC) has risen 43.41% since July 17, 2016 and is uptrending. It has outperformed by 26.71% the S&P500.

Piermont Capital Management Inc. holds 0.94% of its portfolio in Piper Jaffray Companies for 56,671 shares. Greenwich Wealth Management Llc owns 64,664 shares or 0.59% of their US portfolio. Moreover, Convergence Investment Partners Llc has 0.31% invested in the company for 31,087 shares. The Missouri-based Kennedy Capital Management Inc. has invested 0.26% in the stock. Systematic Financial Management Lp, a New Jersey-based fund reported 187,235 shares.#img1#

Since January 1, 0001, it had 0 buys, and 13 selling transactions for $8.14 million activity.

Piper Jaffray Companies (NYSE:PJC) Ratings Coverage

Ratings analysis reveals 14% of Piper Jaffray’s analysts are positive. Out of 7 Wall Street analysts rating Piper Jaffray, 1 give it “Buy”, 2 “Sell” rating, while 4 recommend “Hold”. The lowest target is $20 while the high is $52. The stock’s average target of $30.45 is -52.83% below today’s ($64.55) share price. PJC was included in 14 notes of analysts from August 11, 2015. BMO Capital Markets maintained the shares of PJC in report on Friday, April 28 with “Market Perform” rating. Zacks upgraded the shares of PJC in report on Tuesday, August 11 to “Hold” rating. The stock has “Reduce” rating by TD Securities on Friday, April 28. Keefe Bruyette & Woods upgraded Piper Jaffray Companies (NYSE:PJC) on Friday, October 30 to “Outperform” rating. Keefe Bruyette & Woods downgraded the stock to “Mkt Perform” rating in Friday, December 11 report. The stock of Piper Jaffray Companies (NYSE:PJC) earned “Buy” rating by Sandler O’Neill on Tuesday, September 22. The rating was downgraded by Desjardins Securities on Friday, April 28 to “Sell”.

Another recent and important Piper Jaffray Companies (NYSE:PJC) news was published by Barrons.com which published an article titled: “Valeant’s Valuation ‘Does Not Make Sense,’ Warns Piper Jaffray” on July 12, 2017.

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