The Online Investor
PJC Buyback image

Piper Jaffray Companies Buyback

OLI recorded this information on 8/10/2017

Company: Piper Jaffray Companies
Buyback: PJC buyback
$Amount Authorized: $150,000,000
Buyback Details: Piper Jaffray Companies (NYSE:PJC) today announced that its board of directors has authorized the repurchase of up to $150.0 million of the company's outstanding common stock. The share repurchase program will be used as part of the company's capital allocation strategy, which includes returning capital to its shareholders, and to offset the dilutive effect of employee equity-based compensation. The authorization becomes effective on September 30, 2017, at the same time that the company's existing $150.0 million repurchase authorization expires. The company currently has approximately $69.8 million available for future repurchases under the existing authorization. The new $150.0 million authorization will expire on September 30, 2019. As of July 26, 2017, the company had 15,114,175 million shares of common stock outstanding.

Piper Jaffray is holding company. Through its subsidiaries, Co. is an investment bank and asset management firm. Co. provides products and services, such as financial advisory services, equity and debt capital markets products, public finance services, equity research and institutional brokerage, fixed income institutional brokerage, and asset management services. Co.'s segments are: Capital Markets, which provides investment banking and institutional sales, trading and research services for various equity and fixed income products; and Asset Management, which includes Co.'s asset management business and its investments in registered funds and private funds or partnerships that Co. manages.
Open the PJC Page at The Online Investor »

Company Name: 
Piper Sandler Companies
Stock buyback: 
PJC buyback
Website: 
www.piperjaffray.com
Sector: 
Investment Brokerages
 

Open the PJC Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree PJC Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Strong Buy (4.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

PJC Buyback Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2024, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.