PJT Partners Inc. (NYSE:PJT) Position Reduced by Beck Mack & Oliver LLC

Beck Mack & Oliver LLC cut its position in PJT Partners Inc. (NYSE:PJT) by 15.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,841 shares of the financial services provider’s stock after selling 1,442 shares during the period. Beck Mack & Oliver LLC’s holdings in PJT Partners were worth $315,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Strs Ohio increased its position in PJT Partners by 6.5% in the second quarter. Strs Ohio now owns 6,600 shares of the financial services provider’s stock worth $265,000 after buying an additional 400 shares during the period. Hartwell J M Limited Partnership purchased a new position in PJT Partners during the second quarter worth about $381,000. Malaga Cove Capital LLC purchased a new position in PJT Partners during the second quarter worth about $736,000. Highbridge Capital Management LLC purchased a new position in PJT Partners during the first quarter worth about $787,000. Finally, Goldman Sachs Group Inc. increased its position in PJT Partners by 133.3% in the first quarter. Goldman Sachs Group Inc. now owns 25,071 shares of the financial services provider’s stock worth $880,000 after buying an additional 14,327 shares during the period. Institutional investors and hedge funds own 57.97% of the company’s stock.

PJT Partners Inc. (NYSE:PJT) opened at 37.69 on Friday. PJT Partners Inc. has a one year low of $23.98 and a one year high of $45.38. The stock’s 50 day moving average price is $41.53 and its 200 day moving average price is $38.00. The company’s market capitalization is $698.13 million.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by $0.07. PJT Partners had a negative return on equity of 115.47% and a negative net margin of 0.27%. The company had revenue of $109.31 million for the quarter. Equities analysts anticipate that PJT Partners Inc. will post $1.73 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, September 7th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, September 6th. PJT Partners’s dividend payout ratio is currently -200.00%.

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PJT has been the subject of a number of research reports. Bank of America Corporation upgraded PJT Partners from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $39.00 to $45.00 in a report on Thursday, May 11th. Zacks Investment Research upgraded PJT Partners from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Friday, July 14th. Finally, BidaskClub downgraded PJT Partners from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd.

In other PJT Partners news, Director Dennis S. Hersch bought 2,000 shares of PJT Partners stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average cost of $38.45 per share, with a total value of $76,900.00. Following the transaction, the director now directly owns 18,000 shares of the company’s stock, valued at approximately $692,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.30% of the company’s stock.

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.

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

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