Deutsche Bank AG Acquires 7,180 Shares of PJT Partners Inc. (NYSE:PJT)

Deutsche Bank AG grew its holdings in PJT Partners Inc. (NYSE:PJT - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,332 shares of the financial services provider's stock after buying an additional 7,180 shares during the quarter. Deutsche Bank AG owned 0.19% of PJT Partners worth $7,154,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Principal Securities Inc. raised its stake in shares of PJT Partners by 385.4% in the 4th quarter. Principal Securities Inc. now owns 199 shares of the financial services provider's stock valued at $31,000 after buying an additional 158 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of 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 in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of PJT Partners by 51.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider's stock valued at $82,000 after buying an additional 176 shares in the last quarter. KBC Group NV raised its stake in shares of PJT Partners by 25.4% in the 4th quarter. KBC Group NV now owns 1,007 shares of the financial services provider's stock valued at $159,000 after buying an additional 204 shares in the last quarter. Finally, Level Four Advisory Services LLC acquired a new position in shares of PJT Partners in the 4th quarter valued at $202,000. Institutional investors and hedge funds own 89.23% of the company's stock.

PJT Partners Stock Down 1.0%

PJT Partners stock traded down $1.45 during mid-day trading on Friday, hitting $146.38. 218,409 shares of the company were exchanged, compared to its average volume of 245,552. The business has a fifty day moving average of $139.08 and a 200 day moving average of $152.92. PJT Partners Inc. has a 1-year low of $99.77 and a 1-year high of $190.28. The company has a market capitalization of $3.58 billion, a PE ratio of 29.87 and a beta of 0.76.

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

PJT Partners Announces Dividend

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 0.68%. PJT Partners's dividend payout ratio is currently 17.64%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their price objective on shares of PJT Partners from $152.00 to $161.00 and gave the company a "market perform" rating in a research note on Monday, May 12th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $154.50.

Insiders Place Their Bets

In other news, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction 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 sale, the general counsel now owns 2,288 shares in the company, valued at approximately $324,301.12. This represents a 68.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.75% of the company's stock.

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.