Piper Jaffray Companies (NYSE:PJC) was upgraded by stock analysts at TheStreet from a “c” rating to a “b” rating in a report issued on Wednesday.

Separately, ValuEngine downgraded shares of Piper Jaffray Companies from a “hold” rating to a “sell” rating in a report on Monday, February 25th.

PJC stock opened at $72.68 on Wednesday. The company has a market cap of $1.04 billion, a PE ratio of 11.55 and a beta of 1.35. Piper Jaffray Companies has a twelve month low of $61.35 and a twelve month high of $88.50.

Piper Jaffray Companies (NYSE:PJC) last released its quarterly earnings data on Friday, February 1st. The financial services provider reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.35. The firm had revenue of $226.78 million during the quarter. Piper Jaffray Companies had a net margin of 6.44% and a return on equity of 11.72%.

A number of institutional investors have recently added to or reduced their stakes in the business. Texas Permanent School Fund boosted its holdings in Piper Jaffray Companies by 1.7% in the fourth quarter. Texas Permanent School Fund now owns 9,703 shares of the financial services provider’s stock worth $639,000 after purchasing an additional 159 shares during the period. Advisors Asset Management Inc. lifted its stake in Piper Jaffray Companies by 11.6% in the fourth quarter. Advisors Asset Management Inc. now owns 1,843 shares of the financial services provider’s stock valued at $121,000 after buying an additional 192 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Piper Jaffray Companies by 6.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,458 shares of the financial services provider’s stock valued at $228,000 after buying an additional 199 shares during the last quarter. Bank of Montreal Can lifted its stake in Piper Jaffray Companies by 9.9% in the fourth quarter. Bank of Montreal Can now owns 2,336 shares of the financial services provider’s stock valued at $153,000 after buying an additional 210 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Piper Jaffray Companies by 5.3% in the fourth quarter. State of Alaska Department of Revenue now owns 4,960 shares of the financial services provider’s stock valued at $326,000 after buying an additional 250 shares during the last quarter. 71.51% of the stock is owned by hedge funds and other institutional investors.

About Piper Jaffray Companies

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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