Swiss National Bank lifted its stake in shares of PJT Partners Inc (NYSE:PJT) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,035 shares of the financial services provider’s stock after buying an additional 2,000 shares during the period. Swiss National Bank owned approximately 0.16% of PJT Partners worth $1,370,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of PJT. Teacher Retirement System of Texas purchased a new position in shares of PJT Partners during the fourth quarter worth $275,000. Maltese Capital Management LLC raised its holdings in shares of PJT Partners by 10.1% during the fourth quarter. Maltese Capital Management LLC now owns 225,000 shares of the financial services provider’s stock worth $10,260,000 after purchasing an additional 20,708 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of PJT Partners during the fourth quarter worth $317,000. Schwab Charles Investment Management Inc. raised its holdings in shares of PJT Partners by 5.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 80,772 shares of the financial services provider’s stock worth $3,684,000 after purchasing an additional 4,140 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of PJT Partners by 17.0% during the third quarter. Public Employees Retirement System of Ohio now owns 33,731 shares of the financial services provider’s stock worth $1,292,000 after purchasing an additional 4,907 shares during the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.
In other PJT Partners news, General Counsel James W. Cuminale sold 2,816 shares of PJT Partners stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $48.05, for a total value of $135,308.80. Following the completion of the transaction, the general counsel now owns 49,502 shares of the company’s stock, valued at $2,378,571.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is currently owned by insiders.
PJT Partners (NYSE:PJT) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.12. PJT Partners had a negative net margin of 6.52% and a positive return on equity of 319.40%. The firm had revenue of $190.55 million during the quarter. analysts anticipate that PJT Partners Inc will post 2.15 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.20 dividend on an annualized basis and a yield of 0.41%. PJT Partners’s payout ratio is -11.49%.
Several brokerages recently issued reports on PJT. Zacks Investment Research cut shares of PJT Partners from a “buy” rating to a “hold” rating in a report on Tuesday. Sandler O’Neill set a $55.00 target price on shares of PJT Partners and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, Buckingham Research began coverage on shares of PJT Partners in a report on Wednesday, January 3rd. They set a “neutral” rating and a $51.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. PJT Partners currently has an average rating of “Hold” and an average target price of $48.60.
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About PJT Partners
PJT Partners Inc is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.
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