SG Americas Securities LLC purchased a new stake in PJT Partners Inc (NYSE:PJT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,380 shares of the financial services provider’s stock, valued at approximately $168,000.

A number of other large investors have also bought and sold shares of the business. Penn Capital Management Co. Inc. purchased a new stake in shares of PJT Partners during the 2nd quarter worth about $7,551,000. FMR LLC boosted its stake in shares of PJT Partners by 41.1% during 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 boosted its stake in shares of PJT Partners by 33.6% during 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. Dimensional Fund Advisors LP purchased a new stake in shares of PJT Partners during the 2nd quarter worth about $4,954,000. Finally, New York State Common Retirement Fund boosted its stake in shares of PJT Partners by 417.4% during the 2nd quarter. New York State Common Retirement Fund now owns 94,683 shares of the financial services provider’s stock worth $3,808,000 after acquiring an additional 76,382 shares in the last quarter. 58.20% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on PJT shares. JMP Securities started coverage on shares of PJT Partners in a research note on Monday, September 18th. They set an “outperform” rating and a $45.00 target price on the stock. Zacks Investment Research lowered shares of PJT Partners from a “hold” rating to a “sell” rating in a research note on Friday, October 13th.

PJT Partners Inc (NYSE PJT) opened at $45.30 on Tuesday. The firm has a market cap of $1,560.00 and a PE ratio of 74.26. PJT Partners Inc has a 12 month low of $30.03 and a 12 month high of $46.17.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Tuesday, December 5th. PJT Partners’s dividend payout ratio is presently 32.79%.

PJT Partners declared that its Board of Directors has authorized a share buyback plan 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 repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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

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