Tudor Investment Corp ET AL decreased its position in PJT Partners Inc. (NYSE:PJT) by 22.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 312,220 shares of the financial services provider’s stock after selling 88,300 shares during the period. Tudor Investment Corp ET AL owned 1.71% of PJT Partners worth $10,956,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of PJT. Teachers Advisors LLC raised its position in PJT Partners by 3.7% in the first quarter. Teachers Advisors LLC now owns 30,190 shares of the financial services provider’s stock worth $1,059,000 after buying an additional 1,079 shares during the period. Vanguard Group Inc. raised its position in PJT Partners by 8.6% in the first quarter. Vanguard Group Inc. now owns 655,792 shares of the financial services provider’s stock worth $23,012,000 after buying an additional 51,795 shares during the period. Geode Capital Management LLC raised its position in PJT Partners by 2.5% in the first quarter. Geode Capital Management LLC now owns 142,056 shares of the financial services provider’s stock worth $4,984,000 after buying an additional 3,432 shares during the period. Morgan Stanley raised its position in PJT Partners by 5.7% in the first quarter. Morgan Stanley now owns 152,620 shares of the financial services provider’s stock worth $5,356,000 after buying an additional 8,254 shares during the period. Finally, Citadel Advisors LLC raised its position in PJT Partners by 151.9% in the first quarter. Citadel Advisors LLC now owns 37,872 shares of the financial services provider’s stock worth $1,329,000 after buying an additional 22,837 shares during the period. Hedge funds and other institutional investors own 58.08% of the company’s stock.
PJT Partners Inc. (NYSE:PJT) traded down 1.30% during trading on Tuesday, reaching $38.73. The company’s stock had a trading volume of 58,264 shares. The stock’s 50 day moving average is $38.71 and its 200 day moving average is $34.99. PJT Partners Inc. has a 12 month low of $21.99 and a 12 month high of $41.42. The company’s market cap is $717.36 million.
PJT Partners (NYSE:PJT) last released its earnings results on Tuesday, May 2nd. The financial services provider reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.08. The business had revenue of $120.97 million for the quarter. PJT Partners had a positive return on equity of 1,891.52% and a negative net margin of 0.39%. On average, equities analysts expect that PJT Partners Inc. will post $1.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 8th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, June 6th. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. PJT Partners’s dividend payout ratio is presently -153.85%.
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A number of equities analysts have commented on PJT shares. Zacks Investment Research lowered PJT Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Bank of America Corporation upgraded PJT Partners from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $39.00 to $45.00 in a research note on Thursday, May 11th.
PJT Partners Company Profile
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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