Quest Partners LLC Acquires Shares of 2,946 PJT Partners Inc. (NYSE:PJT)

Quest Partners LLC acquired a new position in shares of PJT Partners Inc. (NYSE:PJT) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,946 shares of the financial services provider’s stock, valued at approximately $300,000.

Several other institutional investors also recently made changes to their positions in PJT. Clearbridge Investments LLC raised its holdings in PJT Partners by 6.7% during the third quarter. Clearbridge Investments LLC now owns 1,104,971 shares of the financial services provider’s stock worth $87,779,000 after purchasing an additional 68,951 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of PJT Partners by 7.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 969,694 shares of the financial services provider’s stock worth $77,032,000 after buying an additional 69,485 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of PJT Partners by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 421,860 shares of the financial services provider’s stock worth $42,976,000 after buying an additional 8,857 shares in the last quarter. FMR LLC grew its stake in PJT Partners by 5.9% in the 3rd quarter. FMR LLC now owns 381,964 shares of the financial services provider’s stock valued at $30,343,000 after acquiring an additional 21,392 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in PJT Partners by 22.1% in the 3rd quarter. Schroder Investment Management Group now owns 371,730 shares of the financial services provider’s stock valued at $29,530,000 after acquiring an additional 67,197 shares during the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at PJT Partners

In other news, CFO Helen T. Meates sold 12,926 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $105.51, for a total transaction of $1,363,822.26. Following the sale, the chief financial officer now owns 48,821 shares in the company, valued at $5,151,103.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Ji-Yeun Lee sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $104.58, for a total value of $1,045,800.00. Following the completion of the sale, the insider now directly owns 73,421 shares in the company, valued at $7,678,368.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Helen T. Meates sold 12,926 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $105.51, for a total transaction of $1,363,822.26. Following the transaction, the chief financial officer now directly owns 48,821 shares in the company, valued at approximately $5,151,103.71. The disclosure for this sale can be found here. 10.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PJT shares. JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of PJT Partners in a research report on Tuesday, April 9th. UBS Group restated a “sell” rating and set a $75.00 price objective (down from $100.00) on shares of PJT Partners in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $93.25.

PJT Partners Trading Up 2.0 %

Shares of PJT stock opened at $107.02 on Friday. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 29.48 and a beta of 0.67. The firm has a 50-day moving average price of $96.89 and a 200 day moving average price of $96.52. PJT Partners Inc. has a twelve month low of $66.43 and a twelve month high of $107.57.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.53. The business had revenue of $329.39 million during the quarter, compared to the consensus estimate of $229.32 million. PJT Partners had a net margin of 7.57% and a return on equity of 17.36%. The company’s quarterly revenue was up 64.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. As a group, research analysts predict that PJT Partners Inc. will post 4 earnings per share for the current year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $1.00 annualized dividend and a yield of 0.93%. PJT Partners’s dividend payout ratio (DPR) is presently 27.55%.

About PJT Partners

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.