Envestnet Asset Management Inc. Has $440,000 Stock Holdings in Piper Jaffray Companies (NYSE:PJC)

Envestnet Asset Management Inc. raised its holdings in Piper Jaffray Companies (NYSE:PJC) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,833 shares of the financial services provider’s stock after purchasing an additional 176 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Piper Jaffray Companies were worth $440,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Invesco Ltd. lifted its stake in shares of Piper Jaffray Companies by 56.8% in the 2nd quarter. Invesco Ltd. now owns 500,774 shares of the financial services provider’s stock valued at $37,191,000 after acquiring an additional 181,489 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Piper Jaffray Companies by 5.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 476,426 shares of the financial services provider’s stock valued at $35,385,000 after acquiring an additional 24,525 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Piper Jaffray Companies by 1.5% in the 2nd quarter. Northern Trust Corp now owns 200,391 shares of the financial services provider’s stock valued at $14,884,000 after acquiring an additional 2,903 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Piper Jaffray Companies by 6.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 163,660 shares of the financial services provider’s stock valued at $12,155,000 after acquiring an additional 10,096 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Piper Jaffray Companies by 68.3% in the 2nd quarter. Wells Fargo & Company MN now owns 131,161 shares of the financial services provider’s stock valued at $9,742,000 after acquiring an additional 53,225 shares during the last quarter. 77.86% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of NYSE:PJC opened at $76.13 on Thursday. The firm has a market cap of $1.14 billion, a P/E ratio of 12.42 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 fifty day simple moving average of $74.84 and a 200 day simple moving average of $75.01.

Piper Jaffray Companies (NYSE:PJC) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.09. The business had revenue of $200.74 million during the quarter, compared to analyst estimates of $205.66 million. Piper Jaffray Companies had a return on equity of 12.26% and a net margin of 10.99%. On average, equities analysts anticipate that Piper Jaffray Companies will post 6.28 earnings per share for the current fiscal year.

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.

Read More: What is the Producer Price Index (PPI)?

Want to see what other hedge funds are holding PJC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Piper Jaffray Companies (NYSE:PJC).

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

Receive News & Ratings for Piper Jaffray Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piper Jaffray Companies and related companies with MarketBeat.com's FREE daily email newsletter.