Hsbc Holdings PLC Takes Position in Piper Jaffray Companies (PJC)

Hsbc Holdings PLC purchased a new position in Piper Jaffray Companies (NYSE:PJC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,366 shares of the financial services provider’s stock, valued at approximately $221,000.

Other hedge funds have also made changes to their positions in the company. Matarin Capital Management LLC purchased a new position in Piper Jaffray Companies during the third quarter worth approximately $12,252,000. BlackRock Inc. grew its holdings in shares of Piper Jaffray Companies by 6.8% in the 3rd quarter. BlackRock Inc. now owns 2,226,580 shares of the financial services provider’s stock worth $169,999,000 after acquiring an additional 140,893 shares during the period. Maltese Capital Management LLC acquired a new stake in shares of Piper Jaffray Companies in the 3rd quarter worth approximately $10,629,000. Renaissance Technologies LLC grew its holdings in shares of Piper Jaffray Companies by 7.7% in the 3rd quarter. Renaissance Technologies LLC now owns 410,708 shares of the financial services provider’s stock worth $31,358,000 after acquiring an additional 29,408 shares during the period. Finally, Vanguard Group Inc grew its holdings in shares of Piper Jaffray Companies by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 1,444,533 shares of the financial services provider’s stock worth $110,291,000 after acquiring an additional 26,141 shares during the period. 73.71% of the stock is owned by institutional investors.

Shares of PJC traded down $0.08 on Wednesday, reaching $77.50. The stock had a trading volume of 59,800 shares, compared to its average volume of 70,862. Piper Jaffray Companies has a twelve month low of $61.35 and a twelve month high of $84.80. The stock has a market cap of $1.14 billion, a P/E ratio of 12.65 and a beta of 1.35.

Piper Jaffray Companies (NYSE:PJC) last posted its earnings results on Friday, February 1st. The financial services provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.35. Piper Jaffray Companies had a return on equity of 11.72% and a net margin of 6.44%. The firm had revenue of $226.78 million for the quarter. As a group, equities analysts expect that Piper Jaffray Companies will post 6.4 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the company. ValuEngine upgraded Piper Jaffray Companies from a “sell” rating to a “hold” rating in a report on Monday, April 1st. TheStreet upgraded Piper Jaffray Companies from a “c” rating to a “b” rating in a report on Wednesday, March 13th.

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

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