Two Sigma Advisers LP Raises Holdings in PJT Partners (PJT)

Two Sigma Advisers LP raised its stake in PJT Partners (NYSE:PJT) by 40.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,900 shares of the financial services provider’s stock after purchasing an additional 7,700 shares during the period. Two Sigma Advisers LP owned approximately 0.14% of PJT Partners worth $1,227,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its holdings in PJT Partners by 50.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 11,355 shares of the financial services provider’s stock valued at $518,000 after purchasing an additional 3,825 shares during the period. Deutsche Bank AG lifted its holdings in shares of PJT Partners by 50.7% during the 4th quarter. Deutsche Bank AG now owns 43,100 shares of the financial services provider’s stock worth $1,963,000 after acquiring an additional 14,498 shares during the period. University of Notre Dame DU Lac lifted its holdings in shares of PJT Partners by 46.9% during the 4th quarter. University of Notre Dame DU Lac now owns 181,949 shares of the financial services provider’s stock worth $8,297,000 after acquiring an additional 58,091 shares during the period. Bogle Investment Management L P DE bought a new position in shares of PJT Partners during the 4th quarter worth about $1,284,000. Finally, Grand Jean Capital Management Inc. bought a new position in shares of PJT Partners during the 4th quarter worth about $1,128,000. 59.03% of the stock is owned by hedge funds and other institutional investors.

In related news, General Counsel James W. Cuminale sold 2,816 shares of PJT Partners stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $48.05, for a total transaction of $135,308.80. Following the completion of the transaction, the general counsel now directly owns 49,502 shares of the company’s stock, valued at approximately $2,378,571.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.01% of the company’s stock.



A number of equities analysts have recently commented on PJT shares. Buckingham Research started coverage on shares of PJT Partners in a report on Wednesday, January 3rd. They set a “neutral” rating and a $51.00 price objective for the company. Zacks Investment Research raised shares of PJT Partners from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Sandler O’Neill set a $55.00 price objective on shares of PJT Partners and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, Bank of America raised their price objective on shares of PJT Partners from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $53.60.

NYSE:PJT opened at $53.32 on Friday. The stock has a market cap of $1,014.84, a PE ratio of 34.62, a price-to-earnings-growth ratio of 0.81 and a beta of 0.36. PJT Partners has a 52 week low of $32.66 and a 52 week high of $54.49.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The company had revenue of $190.55 million during the quarter. PJT Partners had a negative net margin of 6.52% and a positive return on equity of 319.40%. research analysts anticipate that PJT Partners will post 2.5 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.38%. The ex-dividend date was Tuesday, March 6th. PJT Partners’s dividend payout ratio is currently 12.99%.

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PJT Partners Company Profile

PJT Partners Inc provides various strategic advisory, 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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Institutional Ownership by Quarter for PJT Partners (NYSE:PJT)

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