Two Sigma Advisers LP Has $1.62 Million Position in PJT Partners Inc (PJT)
Two Sigma Advisers LP cut its holdings in PJT Partners Inc (NYSE:PJT) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,900 shares of the financial services provider’s stock after selling 2,900 shares during the quarter. Two Sigma Advisers LP owned 0.19% of PJT Partners worth $1,624,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its holdings in shares of PJT Partners by 195.7% during the 4th quarter. Meeder Asset Management Inc. now owns 1,304 shares of the financial services provider’s stock valued at $51,000 after buying an additional 863 shares during the period. Edge Wealth Management LLC increased its stake in shares of PJT Partners by 42.5% in the 4th quarter. Edge Wealth Management LLC now owns 1,425 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 425 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of PJT Partners in the 4th quarter worth $60,000. Quantamental Technologies LLC purchased a new stake in shares of PJT Partners in the 4th quarter worth $70,000. Finally, Parallel Advisors LLC increased its stake in shares of PJT Partners by 183,700.0% in the 4th quarter. Parallel Advisors LLC now owns 1,838 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 1,837 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.
In other PJT Partners news, Chairman Paul J. Taubman purchased 5,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $40.58 per share, for a total transaction of $202,900.00. Following the purchase, the chairman now owns 460,000 shares of the company’s stock, valued at approximately $18,666,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Paul J. Taubman purchased 4,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $42.92 per share, with a total value of $171,680.00. Following the purchase, the chairman now directly owns 453,200 shares in the company, valued at approximately $19,451,344. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company’s stock.
PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Thursday, February 7th. The financial services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.18). The company had revenue of $175.39 million during the quarter. PJT Partners had a return on equity of 17.81% and a net margin of 4.68%. Sell-side analysts expect that PJT Partners Inc will post 2.6 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 6th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.20 annualized dividend and a dividend yield of 0.50%. PJT Partners’s dividend payout ratio (DPR) is 10.47%.
Separately, Zacks Investment Research upgraded PJT Partners from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. PJT Partners has an average rating of “Buy” and an average price target of $59.50.
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PJT Partners Company Profile
PJT Partners Inc, an investment bank, provides various strategic advisory, shareholder engagement, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.
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