BNP Paribas Financial Markets Has $1.75 Million Stake in PJT Partners Inc. (NYSE:PJT)

BNP Paribas Financial Markets lessened its position in PJT Partners Inc. (NYSE:PJT - Free Report) by 66.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,115 shares of the financial services provider's stock after selling 21,632 shares during the quarter. BNP Paribas Financial Markets' holdings in PJT Partners were worth $1,754,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PJT. Sanctuary Advisors LLC increased its holdings in shares of PJT Partners by 2.9% during the 4th quarter. Sanctuary Advisors LLC now owns 2,274 shares of the financial services provider's stock worth $375,000 after purchasing an additional 65 shares during the period. Xponance Inc. increased its holdings in shares of PJT Partners by 7.4% during the 4th quarter. Xponance Inc. now owns 1,659 shares of the financial services provider's stock worth $262,000 after purchasing an additional 115 shares during the period. Atria Investments Inc increased its holdings in shares of PJT Partners by 5.0% during the 4th quarter. Atria Investments Inc now owns 2,692 shares of the financial services provider's stock worth $425,000 after purchasing an additional 129 shares during the period. CIBC Private Wealth Group LLC increased its holdings 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 worth $44,000 after purchasing an additional 146 shares during the period. Finally, Principal Securities Inc. increased its holdings in shares of PJT Partners by 385.4% during the 4th 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. Institutional investors own 89.23% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of PJT Partners from $152.00 to $161.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, PJT Partners currently has a consensus rating of "Hold" and an average price target of $154.50.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $141.74, for a total value of $708,700.00. Following the transaction, the general counsel now directly owns 2,288 shares in the company, valued at $324,301.12. The trade was a 68.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.75% of the company's stock.

PJT Partners Stock Down 1.0%

NYSE:PJT traded down $1.45 on Friday, reaching $146.38. The stock had a trading volume of 218,409 shares, compared to its average volume of 245,552. The company has a market capitalization of $3.58 billion, a P/E ratio of 29.87 and a beta of 0.76. PJT Partners Inc. has a 1-year low of $99.77 and a 1-year high of $190.28. The stock has a fifty day moving average price of $139.08 and a 200-day moving average price of $152.92.

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. The firm had revenue of $324.50 million for 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%. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. Sell-side analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.68%. PJT Partners's dividend payout ratio (DPR) is presently 17.64%.

About PJT Partners

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.