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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Piper Jaffray Companies
Type
Public
Traded as NYSE: PJC
S&P 600 Component
Industry Financial Services
Founded Minneapolis, Minnesota
1895; 122 years ago (1895)
Headquarters Minneapolis, Minnesota, United States
Key people

Andrew S. Duff, Chairman and CEO

Stuart C. Harvey, Jr. President and COO
Products Investment Banking, Public Finance, Asset Management, Equity Sales & Trading, Fixed Income Services, Equity and Debt Capital Markets, Investment Research
Revenue $747.3 Million (2016)
Number of employees
1,300
Website www.piperjaffray.com

Andrew S. Duff, Chairman and CEO

Piper Jaffray Companies (NYSE: PJC) is a full-service investment bank and asset management firm focused on mergers and acquisitions, financial restructuring, public offerings, public finance, institutional brokerage, investment management and securities research. Through its principal subsidiary, Piper Jaffray & Co., the company targets corporations, institutional investors, and public entities.

Based in Minneapolis, Minnesota, Piper Jaffray has 55 offices in the U.S., Europe and Asia. The company was founded in 1895.

Piper Jaffray was named one of America's 50 Most Trustworthy Financial Companies by Forbes magazine in 2015 and 2017. Piper Jaffray was also named 2014 Investment Bank of the Year by Mergers & Acquisitions Journal.

Piper Jaffray traces its roots to 1895, when George Lane established George B. Lane, Commercial Paper and Collateral Loans & Co., a commercial paper brokerage, in Minneapolis. In 1913, Piper, Jaffray Co. was established as another commercial paper business by H.C. Piper Sr. and Clive Palmer (C.P. or Palmer) Jaffray. In 1917, George B. Lane & Co. merged with Piper, Jaffray & Co. to form Lane, Piper & Jaffray.

The firm first obtained a seat on the New York Stock Exchange in 1931 with the acquisition of Hopwood & Company, which had been devastated by the stock market crash. In 1971, Piper first offered stock to the public and became a publicly held corporation known as Piper, Jaffray & Hopwood Incorporated. Later, in 1986, Piper's common stock began trading on the NASDAQ under the ticker symbol PIPR. In 1997, the firm was acquired by U.S. Bancorp, also based in Minneapolis, for $730 million in cash. From 1999 to 2003, the firm was known as U.S. Bancorp Piper Jaffray. In 2003, U.S. Bancorp spun off Piper Jaffray in a stock dividend to its shareholders, making the company independent once again under the symbol PJC. In 2006, the company sold its brokerage business to Zurich-based UBS for $510 million in cash. The business had approximately 800 brokers at that time.

Piper Jaffray operates principally through the following business segments:

Within its investment banking division, Piper Jaffray provides advisory and financing services involving:

In 2013, Piper Jaffray was recognized for the second year in a row as the top healthcare investment bank by Global Finance Magazine.

In February 2016, Piper Jaffray acquired Houston-based energy firm Simmons & Company International for a total consideration of approximately $139 million, consisting of $91 million in cash and $48 million in restricted stock.

Piper Jaffray underwrites debt issuances and provides financial advisory to government and not-for-profit entities. In 2016, the Piper Jaffray public finance group ranked No. 2 for senior-managed underwriting and No. 5 for financial advisory transactions. (by number of issues.)

Piper Jaffray serves institutional investors and corporate clients through the following segments:

Piper Jaffray provides investment management and advisory services to institutional clients in the areas of equity, fixed income, private equity funds, master limited partnership and merchant banking. In 2010, the company acquired Advisory Research, Inc., a Chicago-based asset management firm with approximately $8.8 billion in assets under management. Advisory Research provides U.S., international, global and MLP and energy infrastructure strategies to institutional investors.

Piper Jaffray investment bankers focus on the following sectors:

Piper Jaffray has been recognized six years (2012-2017) for gender diversity on its board of directors by receiving the "W" distinction from 2020 Women on Boards. This designation is given to companies with corporate boards which are at least 20% women.

In 2002, Piper Jaffray was fined $25 million by state and federal regulators to settle charges that it provided biased stock ratings as part of the Global Analyst Research Settlements. Other firms, such as JP Morgan, Goldman Sachs, Merrill Lynch, UBS, Deutsche Bank and Morgan Stanley were fined for similar reasons. The firm agreed to make structural changes relating to its research and investment banking program to restore confidence in its business.

New York Office, 345 Park Ave.

San Francisco Office, 50 California St.

Minneapolis Office, 800 Nicollet Mall

Chicago Office, Hyatt Center

Chicago Office, 300 North LaSalle

London Office, 88 Wood Street

Houston Office, 700 Louisiana St.

Boston Office, 100 Federal Street

Denver Office, Tabor Center

Charlotte Office, Charlotte Hines Plaza

Charlotte Office, Bank of America Plaza

Philadelphia Office, Two Logan Square

Investment goal date:
Dividends reinvested
Piper Jaffray Companies PJC report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-04-26
--
--
Q4 2017
2018-01-31
--
--
Q3 2017
2017-10-26
2.1300
-3.9100
Q2 2017
2017-07-27
0.0000
0.8900
Q1 2017
2017-04-27
0.0000
1.3100
Q4 2016
2017-02-02
1.7500
-3.0000
Q3 2016
2016-10-27
1.3700
0.7000
Q2 2016
2016-07-28
0.8800
0.1200
Q1 2016
2016-04-28
0.7000
0.1600
Q4 2015
2016-02-04
1.4000
0.8800
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
ACADIAN ASSET MANAGEMENT LLC
278566
Bank of New York Mellon Corp
315646
BlackRock Fund Advisors
1169224
BlackRock Inc.
1812252
BlackRock Institutional Trust Company, N.A.
411605
DIMENSIONAL FUND ADVISORS LP
790063
GEODE CAPITAL MANAGEMENT, LLC
180447
Invesco Ltd.
391944
JPMORGAN CHASE & CO
175689
KENNEDY CAPITAL MANAGEMENT, INC.
201070
LSV ASSET MANAGEMENT
319800
NORTHERN TRUST CORP
189011
PANAGORA ASSET MANAGEMENT INC
243371
STATE STREET CORP
416794
Vanguard Group, Inc
1291674
Major Shareholders
Name Relationship
Total Shares
Holding stocks
PIPER ADDISON L
0.1700% (27142)
PJC /
DUFF ANDREW S
1.5800% (257105)
ACAT / PJC /
FITZGERALD WILLIAM R
0.0800% (12692)
ASCMA / PJC /
FRANCIS MICHAEL
0.0800% (12751)
DWA / PJC /
SMITH SHERRY M
0.0300% (4798)
DE / PJC / RLGY / SVU / TUES /
JOHNSON B KRISTINE
0.0800% (12792)
ATRC / PJC / SPNC /
SORAN PHILIP
0.0600% (9078)
HTCH / PJC / SPSC /
TAYLOR SCOTT C
0.0500% (7928)
PJC / SYMC / VHC /
CHOSY JAMES L
0.0200% (3827)
PJC / USB /
Volpi Michele
0.0700% (10808)
PJC /
Fairman Francis E IV
0.3500% (57469)
PJC /
POLSKY LISA
0.0900% (14254)
CIT / PJC /
Schoneman Debbra L.
0.2300% (37878)
PJC /
Winges Martin Bradley
0.2800% (46133)
PJC /
O'Brien Brien M
0.7200% (116616)
PJC /
Woodhouse Hope B
0.0500% (8613)
PJC / TWO /
LaRue R Scott
0.1900% (30123)
PJC /
Abraham Chad R
0.3700% (60095)
PJC /
Klinefelter Jeffrey P
0.3400% (54759)
PJC /
Geelan John W
0.0500% (8636)
PJC /
Crawshaw Christopher D
0.1600% (26583)
PJC /
Frazier Michael E
0.9900% (161639)
DNOW / PJC /
Esckilsen Christine N
0.0500% (8425)
PJC /
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