2,570 Shares in PJT Partners Inc. (NYSE:PJT) Purchased by Alps Advisors Inc.

Alps Advisors Inc. acquired a new position in PJT Partners Inc. (NYSE:PJT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,570 shares of the financial services provider's stock, valued at approximately $354,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC raised its stake in shares of PJT Partners by 52.8% during the 4th quarter. FMR LLC now owns 637,797 shares of the financial services provider's stock valued at $100,651,000 after buying an additional 220,526 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of PJT Partners by 658.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 181,406 shares of the financial services provider's stock worth $28,628,000 after purchasing an additional 157,483 shares during the period. Norges Bank acquired a new position in shares of PJT Partners in the 4th quarter valued at $20,269,000. Tidal Investments LLC purchased a new stake in PJT Partners during the fourth quarter worth $20,059,000. Finally, Vanguard Group Inc. grew its position in PJT Partners by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 2,515,600 shares of the financial services provider's stock valued at $396,987,000 after buying an additional 127,060 shares during the period. Institutional investors and hedge funds own 89.23% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wolfe Research reiterated an "underperform" rating on shares of PJT Partners in a research report on Thursday, July 10th. Keefe, Bruyette & Woods raised their price objective on PJT Partners from $161.00 to $199.00 and gave the company a "market perform" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, PJT Partners currently has an average rating of "Hold" and an average target price of $164.00.

PJT Partners Trading Down 0.6%

PJT stock traded down $1.08 during trading on Friday, reaching $182.93. 252,051 shares of the stock were exchanged, compared to its average volume of 249,583. The business has a 50 day moving average price of $158.73 and a 200-day moving average price of $153.22. PJT Partners Inc. has a 1 year low of $116.06 and a 1 year high of $190.28. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 32.26 and a beta of 0.76.

PJT Partners (NYSE:PJT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.11. The company had revenue of $324.50 million during the quarter, compared to analyst estimates of $361.26 million. PJT Partners had a return on equity of 23.81% and a net margin of 10.47%. The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 earnings per share. On average, research analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Wednesday, June 4th. PJT Partners's dividend payout ratio is presently 17.64%.

Insider Transactions at PJT Partners

In other news, Director Kievdi Don Cornwell sold 10,403 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $150.29, for a total value of $1,563,466.87. Following the transaction, the director directly owned 8,847 shares in the company, valued at approximately $1,329,615.63. This represents a 54.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $141.74, for a total transaction of $708,700.00. Following the transaction, the general counsel directly owned 2,288 shares of the company's stock, valued at $324,301.12. The trade was a 68.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $3,722,082 over the last three months. Corporate insiders own 11.75% of the company's stock.

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.