Comerica Bank Buys 2,095 Shares of PJT Partners Inc. (NYSE:PJT)

Comerica Bank raised its position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 13.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,603 shares of the financial services provider's stock after purchasing an additional 2,095 shares during the quarter. Comerica Bank owned 0.07% of PJT Partners worth $2,778,000 at the end of the most recent quarter.

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

PJT Partners Price Performance

Shares of NYSE PJT traded down $0.31 during trading hours on Wednesday, reaching $149.75. The stock had a trading volume of 42,391 shares, compared to its average volume of 303,768. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 30.56 and a beta of 0.76. PJT Partners Inc. has a twelve month low of $99.42 and a twelve month high of $190.27. The business's fifty day moving average is $137.97 and its two-hundred day moving average is $152.52.

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

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid 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 0.67%. PJT Partners's dividend payout ratio is currently 17.64%.

Insider Activity

In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of PJT Partners stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $141.74, for a total value of $708,700.00. Following the completion of the transaction, the general counsel now owns 2,288 shares in the company, valued at approximately $324,301.12. The trade was a 68.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.75% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted 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 research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $154.50.

PJT Partners 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.