University of Notre Dame DU Lac raised its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 19.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,858 shares of the financial services provider’s stock after purchasing an additional 19,850 shares during the quarter. University of Notre Dame DU Lac owned 0.67% of PJT Partners worth $4,745,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PJT. Vanguard Group Inc. grew its position in shares of PJT Partners by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 697,533 shares of the financial services provider’s stock worth $28,055,000 after acquiring an additional 41,741 shares in the last quarter. FMR LLC grew its position in shares of PJT Partners by 41.1% in the 2nd quarter. FMR LLC now owns 514,349 shares of the financial services provider’s stock worth $20,687,000 after acquiring an additional 149,881 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of PJT Partners by 33.6% in the 2nd quarter. Renaissance Technologies LLC now owns 503,900 shares of the financial services provider’s stock worth $20,267,000 after acquiring an additional 126,700 shares in the last quarter. State Street Corp grew its position in shares of PJT Partners by 11.1% in the 2nd quarter. State Street Corp now owns 349,633 shares of the financial services provider’s stock worth $14,061,000 after acquiring an additional 34,957 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of PJT Partners by 68.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 208,047 shares of the financial services provider’s stock worth $7,970,000 after acquiring an additional 84,881 shares in the last quarter. Hedge funds and other institutional investors own 58.20% of the company’s stock.

PJT has been the subject of several research reports. BidaskClub lowered PJT Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered PJT Partners from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Finally, JMP Securities initiated coverage on PJT Partners in a research report on Monday, September 18th. They issued an “outperform” rating and a $45.00 target price for the company.

Shares of PJT Partners Inc. (NYSE:PJT) traded up $1.39 during midday trading on Tuesday, hitting $44.42. The company had a trading volume of 147,900 shares, compared to its average volume of 100,788. The company has a market cap of $800.15, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 1.77 and a beta of 0.46. PJT Partners Inc. has a 1-year low of $28.84 and a 1-year high of $45.63.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Tuesday, December 5th. PJT Partners’s dividend payout ratio (DPR) is 33.90%.

PJT Partners announced that its Board of Directors has initiated a stock repurchase program on Tuesday, October 31st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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About PJT Partners

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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Institutional Ownership by Quarter for PJT Partners (NYSE:PJT)

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