JPMorgan Chase & Co. Has $3.04 Million Position in PJT Partners Inc. (PJT)
JPMorgan Chase & Co. lifted its stake in shares of PJT Partners Inc. (NYSE:PJT) by 41.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,647 shares of the financial services provider’s stock after buying an additional 22,206 shares during the period. JPMorgan Chase & Co. owned about 0.41% of PJT Partners worth $3,043,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. boosted its position in shares of PJT Partners by 1.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,559 shares of the financial services provider’s stock valued at $183,000 after buying an additional 59 shares during the last quarter. First Trust Advisors LP lifted its holdings in PJT Partners by 0.8% during the second quarter. First Trust Advisors LP now owns 13,595 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 111 shares during the period. Legal & General Group Plc lifted its holdings in PJT Partners by 4.0% during the second quarter. Legal & General Group Plc now owns 4,375 shares of the financial services provider’s stock worth $175,000 after acquiring an additional 169 shares during the period. IFP Advisors Inc lifted its holdings in PJT Partners by 15.7% during the second quarter. IFP Advisors Inc now owns 2,688 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 365 shares during the period. Finally, Strs Ohio lifted its holdings in PJT Partners by 6.5% during the second quarter. Strs Ohio now owns 6,600 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 400 shares during the period. 59.19% of the stock is currently owned by institutional investors.
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PJT has been the topic of a number of recent analyst reports. BidaskClub upgraded PJT Partners from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Zacks Investment Research lowered PJT Partners from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, JMP Securities initiated coverage on PJT Partners in a report on Monday, September 18th. They set an “outperform” rating and a $45.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $45.67.
In other news, Director Dennis S. Hersch purchased 2,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were purchased at an average cost of $38.45 per share, for a total transaction of $76,900.00. Following the purchase, the director now directly owns 18,000 shares in the company, valued at approximately $692,100. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.30% of the company’s stock.
Shares of PJT Partners Inc. (PJT) opened at 37.05 on Wednesday. The company’s 50-day moving average price is $37.52 and its 200-day moving average price is $38.39. PJT Partners Inc. has a one year low of $25.53 and a one year high of $45.38. The company’s market capitalization is $686.28 million.
PJT Partners (NYSE:PJT) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.07). PJT Partners had a negative net margin of 0.27% and a negative return on equity of 115.47%. The business had revenue of $109.31 million for the quarter. On average, equities research analysts predict that PJT Partners Inc. will post $1.62 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, September 6th. This represents a $0.20 annualized dividend and a yield of 0.54%. PJT Partners’s dividend payout ratio is -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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