Jaffray Companies Piper (NYSE:PJC) 2016 Q4 Sentiment Change

July 17, 2017 - By Nellie Frank

 Jaffray Companies Piper (NYSE:PJC)  2016 Q4 Sentiment Change

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 funds opened new and increased stock positions, while 68 sold and reduced their stock positions in Jaffray Companies Piper. The funds in our partner’s database now own: 10.34 million shares, up from 10.11 million shares in 2016Q3. Also, the number of funds holding Jaffray Companies Piper in their top 10 stock 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 insider sales 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. The firm earned “Market Perform” rating on Friday, April 28 by BMO Capital Markets. The rating was upgraded by Zacks on Tuesday, August 11 to “Hold”. The stock has “Reduce” rating by TD Securities on Friday, April 28. The firm has “Mkt Perform” rating given on Friday, December 11 by Keefe Bruyette & Woods. Desjardins Securities downgraded Piper Jaffray Companies (NYSE:PJC) on Friday, April 28 to “Sell” rating. Keefe Bruyette & Woods upgraded Piper Jaffray Companies (NYSE:PJC) on Friday, October 30 to “Outperform” rating. Sandler O’Neill initiated it with “Buy” rating and $43.0 target in Tuesday, September 22 report.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.