Maltese Capital Management LLC trimmed its holdings in PJT Partners Inc (NYSE:PJT) by 36.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 140,000 shares of the financial services provider’s stock after selling 80,301 shares during the period. Maltese Capital Management LLC owned about 0.68% of PJT Partners worth $7,475,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG grew its position in PJT Partners by 50.7% in the 4th quarter. Deutsche Bank AG now owns 43,100 shares of the financial services provider’s stock valued at $1,963,000 after buying an additional 14,498 shares during the last quarter. Goldman Sachs Group Inc. grew its position 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 buying an additional 3,825 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in PJT Partners in the 4th quarter valued at $355,000. Wells Fargo & Company MN boosted its position in shares of PJT Partners by 13.3% during the 1st quarter. Wells Fargo & Company MN now owns 55,461 shares of the financial services provider’s stock worth $2,779,000 after purchasing an additional 6,529 shares in the last quarter. Finally, Monarch Partners Asset Management LLC purchased a new stake in shares of PJT Partners during the 1st quarter worth $3,200,000. 63.80% of the stock is owned by institutional investors.

PJT stock traded up $0.30 during trading on Friday, hitting $54.90. The stock had a trading volume of 101,964 shares, compared to its average volume of 100,503. PJT Partners Inc has a 1-year low of $35.53 and a 1-year high of $61.18. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 35.65 and a beta of 0.34.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, July 31st. The financial services provider reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.20. PJT Partners had a negative net margin of 4.11% and a positive return on equity of 24.71%. The company had revenue of $130.67 million during the quarter. sell-side analysts predict that PJT Partners Inc will post 2.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 19th. Stockholders of record on Wednesday, September 5th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date is Tuesday, September 4th. PJT Partners’s dividend payout ratio is currently 12.99%.

Several equities research analysts recently commented on PJT shares. Zacks Investment Research upgraded shares of PJT Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, July 4th. Bank of America downgraded shares of PJT Partners from a “buy” rating to a “neutral” rating and set a $60.00 target price for the company. in a research note on Monday, July 16th. They noted that the move was a valuation call. Finally, Sandler O’Neill set a $58.00 target price on shares of PJT Partners and gave the company a “hold” rating in a research note on Friday, July 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. PJT Partners presently has a consensus rating of “Hold” and a consensus target price of $55.80.

PJT Partners 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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