Fmr LLC boosted its position in PJT Partners Inc (NYSE:PJT) by 78.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,851,734 shares of the financial services provider’s stock after acquiring an additional 816,714 shares during the period. Fmr LLC owned 0.09% of PJT Partners worth $98,864,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in shares of PJT Partners by 8.2% in the second quarter. Bank of New York Mellon Corp now owns 164,712 shares of the financial services provider’s stock worth $8,793,000 after acquiring an additional 12,416 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of PJT Partners by 12.8% in the second quarter. Public Employees Retirement System of Ohio now owns 32,961 shares of the financial services provider’s stock worth $1,760,000 after acquiring an additional 3,744 shares during the period. MetLife Investment Advisors LLC boosted its holdings in shares of PJT Partners by 19.7% in the second quarter. MetLife Investment Advisors LLC now owns 9,330 shares of the financial services provider’s stock worth $498,000 after acquiring an additional 1,536 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of PJT Partners by 37.5% in the second quarter. Renaissance Technologies LLC now owns 705,300 shares of the financial services provider’s stock worth $37,656,000 after acquiring an additional 192,500 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of PJT Partners by 7,049.1% in the second quarter. PNC Financial Services Group Inc. now owns 11,653 shares of the financial services provider’s stock worth $623,000 after acquiring an additional 11,490 shares during the period. Institutional investors and hedge funds own 62.14% of the company’s stock.
A number of equities analysts have recently commented on the company. Sandler O’Neill set a $62.00 price target on PJT Partners and gave the stock a “hold” rating in a report on Wednesday, August 1st. Bank of America lowered PJT Partners from a “buy” rating to a “neutral” rating and set a $60.00 price target for the company. in a report on Monday, July 16th. They noted that the move was a valuation call. Zacks Investment Research lowered PJT Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 18th. TheStreet raised PJT Partners from a “d” rating to a “c” rating in a report on Monday, September 17th. Finally, Goldman Sachs Group assumed coverage on PJT Partners in a report on Tuesday. They issued a “buy” rating and a $60.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $58.80.
NYSE:PJT opened at $46.94 on Friday. The firm has a market cap of $988.40 million, a P/E ratio of 30.48 and a beta of 0.79. PJT Partners Inc has a 52-week low of $37.51 and a 52-week high of $61.18.
PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, October 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The company had revenue of $140.14 million during the quarter. PJT Partners had a positive return on equity of 19.78% and a negative net margin of 2.98%. On average, equities analysts expect that PJT Partners Inc will post 2.13 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, December 5th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.43%. The ex-dividend date is Tuesday, December 4th. PJT Partners’s dividend payout ratio is 12.99%.
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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.
Read More: Earnings Per Share (EPS)
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