Capital Fund Management S.A. Takes $3.87 Million Position in PJT Partners Inc. $PJT

Key Points

• Capital Fund Management S.A. has acquired 28,063 shares of PJT Partners, valued at approximately $3.87 million, bringing its ownership to 0.12% of the company.
• PJT Partners reported earnings per share (EPS) of $1.54 for the last quarter, exceeding analysts' expectations and reflecting a net revenue increase of 13% year-over-year.
• The company has declared a quarterly dividend of $0.25, which will be paid on September 17th, resulting in an annualized yield of 0.6%.

Capital Fund Management S.A. purchased a new stake in PJT Partners Inc. (NYSE:PJT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 28,063 shares of the financial services provider's stock, valued at approximately $3,869,000. Capital Fund Management S.A. owned 0.12% of PJT Partners as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Credit Agricole S A boosted its position in shares of PJT Partners by 142.7% in the 1st quarter. Credit Agricole S A now owns 17,515 shares of the financial services provider's stock valued at $2,415,000 after purchasing an additional 10,298 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in PJT Partners during the 1st quarter worth about $45,000. Hsbc Holdings PLC boosted its position in PJT Partners by 189.5% during the 1st quarter. Hsbc Holdings PLC now owns 43,440 shares of the financial services provider's stock worth $5,905,000 after acquiring an additional 28,436 shares during the period. Quantbot Technologies LP boosted its position in PJT Partners by 21.7% during the 1st quarter. Quantbot Technologies LP now owns 22,155 shares of the financial services provider's stock worth $3,055,000 after acquiring an additional 3,955 shares during the period. Finally, Versor Investments LP acquired a new stake in PJT Partners during the 1st quarter worth about $456,000. Institutional investors and hedge funds own 89.23% of the company's stock.

PJT Partners Stock Performance

Shares of PJT Partners stock traded down $4.60 during trading on Friday, hitting $176.83. 27,049 shares of the stock traded hands, compared to its average volume of 271,986. The stock has a market cap of $4.30 billion, a P/E ratio of 30.38 and a beta of 0.77. PJT Partners Inc. has a twelve month low of $116.07 and a twelve month high of $190.27. The company has a fifty day moving average price of $176.52 and a two-hundred day moving average price of $156.97.

PJT Partners (NYSE:PJT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.18. PJT Partners had a return on equity of 25.61% and a net margin of 10.45%.The firm had revenue of $731.09 billion during the quarter, compared to analyst estimates of $343.11 million. During the same period in the previous year, the company earned $1.19 EPS. The company's revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities research analysts expect that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 3rd. PJT Partners's payout ratio is currently 17.18%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PJT. Keefe, Bruyette & Woods raised their price objective on PJT Partners from $161.00 to $199.00 and gave the stock a "market perform" rating in a research report on Monday, July 14th. Wolfe Research restated an "underperform" rating on shares of PJT Partners in a research report on Thursday, July 10th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $174.67.

Insider Activity at PJT Partners

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

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.