PJT Partners Inc. (PJT) Stake Boosted by Morgan Stanley
Morgan Stanley boosted its position in PJT Partners Inc. (NYSE:PJT) by 5.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 152,620 shares of the financial services provider’s stock after buying an additional 8,254 shares during the period. Morgan Stanley owned about 0.82% of PJT Partners worth $5,356,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in PJT. Teachers Advisors LLC boosted 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 in the last quarter. Geode Capital Management LLC boosted 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 in the last quarter. Finally, Vanguard Group Inc. boosted 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 in the last quarter. 58.03% of the stock is owned by hedge funds and other institutional investors.
PJT Partners Inc. (NYSE:PJT) traded down 0.30% during trading on Tuesday, hitting $40.19. 4,405 shares of the company were exchanged. The stock’s 50-day moving average is $41.57 and its 200-day moving average is $37.39. The company’s market capitalization is $744.20 million. PJT Partners Inc. has a 12 month low of $23.52 and a 12 month high of $45.38.
PJT Partners (NYSE:PJT) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.07. PJT Partners had a negative return on equity of 264.44% and a negative net margin of 0.27%. The firm had revenue of $109.31 million for the quarter. Equities research analysts anticipate that PJT Partners Inc. will post $1.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, September 7th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Wednesday, September 6th. PJT Partners’s payout ratio is currently -200.00%.
A number of research firms recently commented on PJT. BidaskClub cut shares of PJT Partners from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research cut shares of PJT Partners from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Bank of America Corporation raised shares of PJT Partners from a “neutral” rating to a “buy” rating and lifted their price target 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.
Want to see what other hedge funds are holding PJT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PJT Partners Inc. (NYSE:PJT).
Receive News & Ratings for PJT Partners Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PJT Partners Inc. and related companies with MarketBeat.com's FREE daily email newsletter.