PJT Partners Inc (NYSE:PJT) Holdings Boosted by Millennium Management LLC

Millennium Management LLC raised its holdings in shares of PJT Partners Inc (NYSE:PJT) by 1,435.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,250 shares of the financial services provider’s stock after purchasing an additional 161,034 shares during the quarter. Millennium Management LLC owned approximately 0.77% of PJT Partners worth $6,676,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PJT. Meeder Asset Management Inc. increased its position in shares of PJT Partners by 195.7% in the fourth quarter. Meeder Asset Management Inc. now owns 1,304 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 863 shares during the period. Edge Wealth Management LLC increased its position in shares of PJT Partners by 42.5% in the fourth 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 during the period. Oppenheimer Asset Management Inc. bought a new position in shares of PJT Partners in the fourth quarter worth $60,000. Quantamental Technologies LLC bought a new position in shares of PJT Partners in the fourth quarter worth $70,000. Finally, Parallel Advisors LLC increased its position in shares of PJT Partners by 183,700.0% in the fourth 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 during the period. 63.64% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman Paul J. Taubman purchased 5,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average cost of $40.58 per share, with a total value of $202,900.00. Following the completion of the purchase, the chairman now owns 460,000 shares of the company’s stock, valued at approximately $18,666,800. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Paul J. Taubman purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of $42.92 per share, for a total transaction of $171,680.00. Following the completion of the purchase, the chairman now directly owns 453,200 shares of the company’s stock, valued at approximately $19,451,344. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

Separately, Zacks Investment Research cut PJT Partners from a “hold” rating to a “sell” rating in a research report on Saturday, April 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $59.50.

Shares of NYSE PJT traded up $0.66 during mid-day trading on Friday, reaching $44.32. The company had a trading volume of 256,420 shares, compared to its average volume of 110,609. PJT Partners Inc has a one year low of $35.28 and a one year high of $61.18. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.67 and a current ratio of 2.67. The stock has a market capitalization of $1.01 billion, a P/E ratio of 23.20, a PEG ratio of 0.75 and a beta of 1.13.

PJT Partners (NYSE:PJT) last released its earnings results on Wednesday, May 1st. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). PJT Partners had a net margin of 4.68% and a return on equity of 17.81%. The business had revenue of $128.06 million during the quarter. Equities research analysts forecast that PJT Partners Inc will post 2.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, June 5th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Tuesday, June 4th. PJT Partners’s dividend payout ratio is presently 10.47%.

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

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