OxFORD Asset Management LLP cut its holdings in PJT Partners Inc. (NYSE:PJT) by 3.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,095 shares of the financial services provider’s stock after selling 2,559 shares during the period. OxFORD Asset Management LLP owned 0.36% of PJT Partners worth $2,699,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of PJT. Teachers Advisors LLC grew 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 acquiring an additional 1,079 shares during the period. Vanguard Group Inc. increased its stake in PJT Partners by 8.6% during the first quarter. Vanguard Group Inc. now owns 655,792 shares of the financial services provider’s stock worth $23,012,000 after acquiring an additional 51,795 shares during the last quarter. Geode Capital Management LLC increased its stake in PJT Partners by 2.5% during the first quarter. Geode Capital Management LLC now owns 142,056 shares of the financial services provider’s stock worth $4,984,000 after acquiring an additional 3,432 shares during the last quarter. Morgan Stanley increased its stake in PJT Partners by 5.7% during the first quarter. Morgan Stanley now owns 152,620 shares of the financial services provider’s stock worth $5,356,000 after acquiring an additional 8,254 shares during the last quarter. Finally, Citadel Advisors LLC increased its stake in PJT Partners by 151.9% during the first quarter. Citadel Advisors LLC now owns 37,872 shares of the financial services provider’s stock worth $1,329,000 after acquiring an additional 22,837 shares during the last quarter. Institutional investors own 59.19% of the company’s stock.
In related news, Director Dennis S. Hersch bought 2,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of $38.45 per share, for a total transaction of $76,900.00. Following the completion of the acquisition, the director now owns 18,000 shares in the company, valued at $692,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is currently owned by company insiders.
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PJT has been the topic of a number of research analyst reports. Zacks Investment Research raised PJT Partners from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Friday, July 14th. BidaskClub cut PJT Partners from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, JMP Securities assumed coverage on PJT Partners in a report on Monday, September 18th. They set an “outperform” rating and a $45.00 price target for the company. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. PJT Partners currently has a consensus rating of “Hold” and an average price target of $45.67.
Shares of PJT Partners Inc. (PJT) opened at 39.08 on Wednesday. The firm’s 50 day moving average is $37.64 and its 200-day moving average is $38.33. PJT Partners Inc. has a 12 month low of $25.53 and a 12 month high of $45.38. The firm’s market capitalization is $723.88 million.
PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.07). The company had revenue of $109.31 million for the quarter. PJT Partners had a negative net margin of 0.27% and a negative return on equity of 115.47%. On average, analysts expect that PJT Partners Inc. will post $1.62 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, September 7th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.20 annualized dividend and a dividend yield of 0.51%. PJT Partners’s dividend payout ratio is presently -200.00%.
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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