Bronfman E.L. Rothschild L.P. grew its stake in PJT Partners Inc. (NYSE:PJT) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,559 shares of the financial services provider’s stock after purchasing an additional 59 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in PJT Partners were worth $183,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of PJT Partners by 8.6% in the 1st quarter. Vanguard Group Inc. now owns 655,792 shares of the financial services provider’s stock worth $23,012,000 after purchasing an additional 51,795 shares during the period. Renaissance Technologies LLC lifted its position in shares of PJT Partners by 32.3% in the 1st quarter. Renaissance Technologies LLC now owns 377,200 shares of the financial services provider’s stock worth $13,236,000 after purchasing an additional 92,100 shares during the period. Gamco Investors INC. ET AL lifted its position in shares of PJT Partners by 1.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 180,253 shares of the financial services provider’s stock worth $7,250,000 after purchasing an additional 2,500 shares during the period. Morgan Stanley lifted its position in shares of PJT Partners by 5.7% in the 1st quarter. Morgan Stanley now owns 152,620 shares of the financial services provider’s stock worth $5,356,000 after purchasing an additional 8,254 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of PJT Partners by 2.5% in the 1st quarter. Geode Capital Management LLC now owns 142,056 shares of the financial services provider’s stock worth $4,984,000 after purchasing an additional 3,432 shares during the period. Institutional investors own 59.19% of the company’s stock.
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In related news, Director Dennis S. Hersch bought 2,000 shares of the firm’s 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 approximately $692,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.30% of the company’s stock.
Shares of PJT Partners Inc. (PJT) opened at 37.37 on Wednesday. The stock’s 50 day moving average price is $39.55 and its 200 day moving average price is $38.38. PJT Partners Inc. has a 12 month low of $23.98 and a 12 month high of $45.38. The company’s market capitalization is $692.20 million.
PJT Partners (NYSE:PJT) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.07). PJT Partners had a negative return on equity of 115.47% and a negative net margin of 0.27%. The business had revenue of $109.31 million for the quarter. On average, analysts forecast that PJT Partners Inc. will post $1.73 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. PJT Partners’s payout ratio is presently -200.00%.
A number of analysts have commented on PJT shares. BidaskClub downgraded shares of PJT Partners from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Zacks Investment Research downgraded shares of PJT Partners from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th.
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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