Jane Street Group LLC Sells 29,390 Shares of PJT Partners Inc. (NYSE:PJT)

Jane Street Group LLC lowered its position in PJT Partners Inc. (NYSE:PJT - Free Report) by 85.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,959 shares of the financial services provider's stock after selling 29,390 shares during the period. Jane Street Group LLC's holdings in PJT Partners were worth $783,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its position in PJT Partners by 53.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,769 shares of the financial services provider's stock valued at $910,000 after acquiring an additional 2,012 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of PJT Partners during the 4th quarter valued at about $316,000. Norges Bank acquired a new stake in PJT Partners during the fourth quarter worth approximately $20,269,000. Principal Financial Group Inc. grew its stake in PJT Partners by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 139,934 shares of the financial services provider's stock worth $22,083,000 after purchasing an additional 5,644 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in PJT Partners by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 255,263 shares of the financial services provider's stock worth $40,283,000 after purchasing an additional 3,173 shares in the last quarter. 89.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their price target on 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, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $154.50.

PJT Partners Price Performance

Shares of PJT traded up $5.59 during trading hours on Tuesday, hitting $151.69. The stock had a trading volume of 260,549 shares, compared to its average volume of 245,703. The firm has a 50 day simple moving average of $139.15 and a 200-day simple moving average of $152.71. PJT Partners Inc. has a 1-year low of $99.77 and a 1-year high of $190.28. The firm has a market capitalization of $3.71 billion, a P/E ratio of 30.96 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 EPS for the quarter, beating 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 the consensus estimate of $361.26 million. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company's quarterly revenue was down 1.5% on a year-over-year basis. Equities analysts predict that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The firm 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Wednesday, June 4th. PJT Partners's dividend payout ratio (DPR) is 17.64%.

Insider Activity

In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of PJT Partners stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $141.74, for a total transaction of $708,700.00. Following the completion of the transaction, the general counsel now owns 2,288 shares in the company, valued at approximately $324,301.12. The trade was a 68.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.