Bayesian Capital Management LP Takes $356,000 Position in PJT Partners Inc. (NYSE:PJT)

Bayesian Capital Management LP bought a new position in PJT Partners Inc. (NYSE:PJT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,254 shares of the financial services provider's stock, valued at approximately $356,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Algert Global LLC purchased a new stake in PJT Partners during the fourth quarter valued at approximately $405,000. Comerica Bank raised its position in shares of PJT Partners by 13.5% during the 4th quarter. Comerica Bank now owns 17,603 shares of the financial services provider's stock worth $2,778,000 after purchasing an additional 2,095 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in PJT Partners in the 4th quarter valued at about $5,351,000. Aquatic Capital Management LLC increased its holdings in shares of PJT Partners by 863.0% during the 4th quarter. Aquatic Capital Management LLC now owns 11,556 shares of the financial services provider's stock worth $1,824,000 after buying an additional 10,356 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in PJT Partners in the 4th quarter valued at approximately $220,000. Hedge funds and other institutional investors own 89.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PJT shares. Citizens Jmp cut shares of PJT Partners from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 13th. JMP Securities cut shares of PJT Partners from an "outperform" rating to a "market perform" rating in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods upped their target price on shares of PJT Partners from $152.00 to $161.00 and gave the stock a "market perform" rating in a research report on Monday. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $154.50.

Insider Buying and Selling at PJT Partners

In related news, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $141.74, for a total transaction of $708,700.00. Following the sale, the general counsel now owns 2,288 shares in the company, valued at approximately $324,301.12. This trade represents a 68.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 11.71% of the company's stock.

PJT Partners Stock Performance

Shares of NYSE PJT traded up $1.71 during trading on Tuesday, hitting $151.12. The company had a trading volume of 62,077 shares, compared to its average volume of 243,061. The company has a market cap of $3.52 billion, a P/E ratio of 30.84 and a beta of 0.76. The business's 50-day moving average is $137.97 and its 200 day moving average is $152.52. PJT Partners Inc. has a 52 week low of $99.42 and a 52 week high of $190.28.

PJT Partners (NYSE:PJT - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.11. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The firm had revenue of $324.50 million for the quarter, compared to analyst estimates of $361.26 million. During the same period in the previous year, the business earned $0.98 earnings per share. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts expect that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.00 annualized dividend and a yield of 0.66%. PJT Partners's payout ratio is currently 17.64%.

PJT Partners Company Profile

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.