PJT Partners Inc. (NYSE:PJT) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its position in PJT Partners Inc. (NYSE:PJT - Free Report) by 85.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,959 shares of the financial services provider's stock after selling 29,390 shares during the quarter. Jane Street Group LLC's holdings in PJT Partners were worth $783,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in PJT Partners by 53.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,769 shares of the financial services provider's stock worth $910,000 after purchasing an additional 2,012 shares in the last quarter. Renaissance Technologies LLC bought a new position in PJT Partners in the fourth quarter worth about $316,000. Norges Bank bought a new position in PJT Partners in the fourth quarter worth about $20,269,000. Principal Financial Group Inc. raised its holdings in PJT Partners by 4.2% in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised 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 currently owned by institutional investors.

Insider Activity

In related news, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction that occurred on 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 owns 2,288 shares in the company, valued at approximately $324,301.12. This represents a 68.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.75% of the company's stock.

PJT Partners Stock Up 0.1%

Shares of PJT traded up $0.10 during mid-day trading on Thursday, hitting $151.16. 215,515 shares of the company traded hands, compared to its average volume of 244,745. 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 $3.69 billion, a PE ratio of 30.85 and a beta of 0.76. The business has a 50 day moving average of $139.53 and a 200 day moving average of $152.63.

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

PJT Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued 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 dividend yield of 0.66%. PJT Partners's dividend payout ratio (DPR) is currently 17.64%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their target price 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 data from MarketBeat, PJT Partners has a consensus rating of "Hold" and an average price target of $154.50.

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.