2,404 Shares in PJT Partners Inc. $PJT Bought by Alamea Verwaltungs GmbH

Key Points

• Alamea Verwaltungs GmbH has acquired a new stake in PJT Partners Inc., purchasing 2,404 shares valued at approximately $331,000 in the first quarter.
• PJT Partners recently announced a quarterly dividend of $0.25 per share, resulting in an annualized yield of 0.6%.
• PJT Partners’ stock is currently down 1.4% and has a consensus target price of $174.67 from Wall Street analysts.

Alamea Verwaltungs GmbH purchased a new position in PJT Partners Inc. (NYSE:PJT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,404 shares of the financial services provider's stock, valued at approximately $331,000.

A number of other hedge funds have also recently modified their holdings of the company. Congress Asset Management Co. increased its holdings in PJT Partners by 19.7% during the first quarter. Congress Asset Management Co. now owns 485,575 shares of the financial services provider's stock valued at $66,951,000 after buying an additional 79,894 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of PJT Partners by 52.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 169,986 shares of the financial services provider's stock worth $23,438,000 after buying an additional 58,656 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of PJT Partners by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 143,579 shares of the financial services provider's stock worth $19,797,000 after buying an additional 3,645 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in shares of PJT Partners by 1.5% in the 1st quarter. TimesSquare Capital Management LLC now owns 132,852 shares of the financial services provider's stock worth $18,318,000 after buying an additional 1,904 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of PJT Partners in the 4th quarter worth about $20,059,000. Hedge funds and other institutional investors own 89.23% of the company's stock.

PJT Partners Trading Down 0.5%

Shares of NYSE:PJT traded down $0.86 during trading on Friday, reaching $179.07. The stock had a trading volume of 49,026 shares, compared to its average volume of 270,143. PJT Partners Inc. has a one year low of $116.07 and a one year high of $190.27. The company has a market capitalization of $4.35 billion, a P/E ratio of 30.74 and a beta of 0.75. The firm's 50-day simple moving average is $178.18 and its 200 day simple moving average is $157.09.

PJT Partners (NYSE:PJT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.18. The business had revenue of $731.09 billion for the quarter, compared to analysts' expectations of $343.11 million. PJT Partners had a net margin of 10.45% and a return on equity of 25.61%. The company's revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business earned $1.19 EPS. Equities research analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be paid a $0.25 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. PJT Partners's dividend payout ratio (DPR) is 17.18%.

Wall Street Analysts Forecast Growth

PJT has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their target price on shares of PJT Partners from $161.00 to $199.00 and gave the stock a "market perform" rating in a report on Monday, July 14th. Wolfe Research reiterated an "underperform" rating on shares of PJT Partners in a report on Thursday, July 10th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $174.67.

Insider Buying and Selling

In related news, General Counsel David Adam Travin sold 2,288 shares of PJT Partners stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $178.06, for a total value of $407,401.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Grace Reksten Skaugen sold 1,504 shares of PJT Partners stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $176.89, for a total transaction of $266,042.56. Following the sale, the director owned 500 shares of the company's stock, valued at approximately $88,445. The trade was a 75.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.75% of the stock is owned by company insiders.

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.