Dimensional Fund Advisors LP purchased a new position in shares of PJT Partners Inc. (NYSE:PJT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 123,166 shares of the financial services provider’s stock, valued at approximately $4,954,000. Dimensional Fund Advisors LP owned approximately 0.66% of PJT Partners as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in PJT. Teachers Advisors LLC increased its holdings in shares of PJT Partners by 3.7% during 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. Vanguard Group Inc. increased its holdings in shares of PJT Partners by 8.6% during 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. Geode Capital Management LLC increased its holdings in shares of PJT Partners by 2.5% during 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. Morgan Stanley increased its holdings in shares of PJT Partners by 5.7% during the first quarter. Morgan Stanley now owns 152,620 shares of the financial services provider’s stock worth $5,356,000 after buying an additional 8,254 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of PJT Partners by 5.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 74,397 shares of the financial services provider’s stock worth $2,611,000 after buying an additional 4,074 shares in the last quarter. Institutional investors own 58.57% of the company’s stock.

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Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of PJT Partners from a “hold” rating to a “sell” rating in a report on Friday, October 13th. JMP Securities started coverage on shares of PJT Partners in a report on Monday, September 18th. They set an “outperform” rating and a $45.00 price target for the company. Finally, BidaskClub downgraded PJT Partners from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $45.67.

Shares of PJT Partners Inc. (NYSE:PJT) opened at $41.56 on Thursday. The firm has a market capitalization of $770.59, a price-to-earnings ratio of 28.58, a P/E/G ratio of 1.71 and a beta of 0.36. PJT Partners Inc. has a 1-year low of $28.84 and a 1-year high of $45.38.

The business also recently disclosed 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. The ex-dividend date is Tuesday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 0.48%. PJT Partners’s payout ratio is 33.90%.

PJT Partners announced that its board has authorized a share buyback plan on Tuesday, October 31st that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

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.

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

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