Bridgefront Capital LLC Takes $280,000 Position in PJT Partners Inc. (NYSE:PJT)

Bridgefront Capital LLC bought a new position in PJT Partners Inc. (NYSE:PJT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,773 shares of the financial services provider's stock, valued at approximately $280,000.

A number of other hedge funds have also added to or reduced their stakes in PJT. Principal Securities Inc. increased its position in PJT Partners by 385.4% during the fourth quarter. Principal Securities Inc. now owns 199 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 158 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in shares of PJT Partners by 112.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 146 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of PJT Partners by 32.3% in the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider's stock worth $70,000 after purchasing an additional 109 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of PJT Partners by 51.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider's stock worth $82,000 after buying an additional 176 shares during the last quarter. Finally, KBC Group NV grew its position in PJT Partners by 25.4% during the fourth quarter. KBC Group NV now owns 1,007 shares of the financial services provider's stock valued at $159,000 after buying an additional 204 shares during the period. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

PJT Partners Trading Down 0.2 %

NYSE PJT opened at $142.37 on Thursday. PJT Partners Inc. has a 12 month low of $97.74 and a 12 month high of $190.28. The stock has a market cap of $3.32 billion, a PE ratio of 29.06 and a beta of 0.76. The stock's 50 day moving average is $138.24 and its 200 day moving average is $152.32.

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

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. PJT Partners's dividend payout ratio (DPR) is 17.64%.

Insider Activity at PJT Partners

In other news, General Counsel David Adam Travin sold 5,000 shares of the company's stock in a transaction dated 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 directly owns 2,288 shares in the company, valued at approximately $324,301.12. This represents a 68.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.71% of the stock is currently owned by insiders.

Analysts Set New Price Targets

PJT has been the subject of a number of recent research reports. JMP Securities downgraded shares of PJT Partners from an "outperform" rating to a "market perform" rating in a research report on Monday, January 13th. Citizens Jmp cut PJT Partners from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 13th. Finally, Keefe, Bruyette & Woods increased their target price on shares of PJT Partners from $152.00 to $177.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $158.50.

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.

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