Fmr LLC increased its holdings in shares of PJT Partners Inc (NYSE:PJT) by 78.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,851,734 shares of the financial services provider’s stock after acquiring an additional 816,714 shares during the quarter. Fmr LLC owned about 9.02% of PJT Partners worth $98,864,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in PJT Partners by 45.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 342,572 shares of the financial services provider’s stock worth $17,163,000 after purchasing an additional 106,287 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in PJT Partners in the 1st quarter worth about $642,000. Principal Financial Group Inc. increased its holdings in PJT Partners by 10.3% in the 1st quarter. Principal Financial Group Inc. now owns 12,778 shares of the financial services provider’s stock worth $640,000 after purchasing an additional 1,190 shares in the last quarter. LPL Financial LLC acquired a new position in PJT Partners in the 1st quarter worth about $204,000. Finally, Bank of Montreal Can increased its holdings in PJT Partners by 17,626.9% in the 2nd quarter. Bank of Montreal Can now owns 44,140 shares of the financial services provider’s stock worth $2,356,000 after purchasing an additional 43,891 shares in the last quarter. Hedge funds and other institutional investors own 62.14% of the company’s stock.
A number of equities research analysts have commented on the company. Sandler O’Neill set a $58.00 price target on PJT Partners and gave the company a “hold” rating in a research report on Friday, July 13th. Zacks Investment Research upgraded PJT Partners from a “sell” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Tuesday, September 18th. Goldman Sachs Group assumed coverage on PJT Partners in a research report on Tuesday. They issued a “buy” rating and a $60.00 price target on the stock. TheStreet upgraded PJT Partners from a “d” rating to a “c” rating in a research report on Monday, September 17th. Finally, Bank of America lowered PJT Partners from a “buy” rating to a “neutral” rating and set a $60.00 price target on the stock. in a research report on Monday, July 16th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $58.80.
NYSE PJT opened at $46.94 on Friday. PJT Partners Inc has a 12 month low of $37.51 and a 12 month high of $61.18. The stock has a market capitalization of $988.40 million, a price-to-earnings ratio of 30.48 and a beta of 0.79.
PJT Partners (NYSE:PJT) last released its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07. PJT Partners had a positive return on equity of 19.78% and a negative net margin of 2.98%. The firm had revenue of $140.14 million for the quarter. On average, equities research analysts expect that PJT Partners Inc will post 2.13 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, December 5th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.43%. PJT Partners’s dividend payout ratio (DPR) is presently 12.99%.
PJT Partners Profile
PJT Partners Inc provides various strategic advisory, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.
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