Old Mutual Global Investors UK Ltd. purchased a new stake in PJT Partners Inc. (NYSE:PJT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,759 shares of the financial services provider’s stock, valued at approximately $352,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in shares of PJT Partners by 41.6% in the second quarter. JPMorgan Chase & Co. now owns 75,647 shares of the financial services provider’s stock valued at $3,043,000 after purchasing an additional 22,206 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of PJT Partners by 1.3% in 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 purchasing an additional 59 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of PJT Partners by 29.7% in the second quarter. Principal Financial Group Inc. now owns 10,263 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 2,351 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of PJT Partners by 1.4% in the second quarter. Gamco Investors INC. ET AL now owns 180,253 shares of the financial services provider’s stock valued at $7,250,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of PJT Partners by 4.0% in the second quarter. Legal & General Group Plc now owns 4,375 shares of the financial services provider’s stock valued at $175,000 after purchasing an additional 169 shares in the last quarter. 59.19% of the stock is currently owned by institutional investors.

Shares of PJT Partners Inc. (NYSE PJT) opened at 36.69 on Tuesday. The stock’s market cap is $679.61 million. The firm has a 50 day moving average of $39.63 and a 200 day moving average of $38.39. PJT Partners Inc. has a one year low of $23.98 and a one year high of $45.38.

PJT Partners (NYSE:PJT) last announced 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. The business had revenue of $109.31 million during the quarter. PJT Partners had a negative return on equity of 115.47% and a negative net margin of 0.27%. On average, equities research analysts predict that PJT Partners Inc. will post $1.73 EPS for the current fiscal year.

The firm 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 annualized dividend and a dividend yield of 0.55%. PJT Partners’s dividend payout ratio is currently -200.00%.

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In other PJT Partners news, Director Dennis S. Hersch acquired 2,000 shares of the stock in a transaction dated Monday, August 14th. The shares were bought at an average price of $38.45 per share, with a total value of $76,900.00. Following the purchase, the director now directly owns 18,000 shares of the company’s stock, valued at approximately $692,100. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.30% of the company’s stock.

PJT has been the topic of several recent research reports. Zacks Investment Research downgraded shares of PJT Partners from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub raised shares of PJT Partners from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th.

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.

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

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