Man Group plc Sells 5,788 Shares of PJT Partners Inc. (NYSE:PJT)

Man Group plc lessened its stake in PJT Partners Inc. (NYSE:PJT - Free Report) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,251 shares of the financial services provider's stock after selling 5,788 shares during the quarter. Man Group plc owned 0.19% of PJT Partners worth $7,141,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. boosted its holdings in shares of PJT Partners by 385.4% in the fourth 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 during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of PJT Partners by 112.3% in the fourth 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 during the period. PNC Financial Services Group Inc. boosted its holdings in shares of PJT Partners by 51.6% in the fourth 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 during the period. KBC Group NV boosted its holdings in shares of PJT Partners by 25.4% in the fourth 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 during the period. Finally, Seneca House Advisors acquired a new position in PJT Partners during the fourth quarter worth $202,000. Institutional investors and hedge funds own 89.23% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods increased 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 research analysts have rated the stock with a hold rating, Based on data from MarketBeat, PJT Partners currently has a consensus rating of "Hold" and a consensus target price of $154.50.

PJT Partners Stock Up 0.2%

PJT traded up $0.27 during trading hours on Thursday, hitting $147.77. 154,316 shares of the company's stock were exchanged, compared to its average volume of 245,313. PJT Partners Inc. has a 1-year low of $99.77 and a 1-year high of $190.28. The stock's 50-day moving average is $138.96 and its two-hundred day moving average is $152.89. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 30.16 and a beta of 0.76.

PJT Partners (NYSE:PJT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.05 EPS for the quarter, topping 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 business had revenue of $324.50 million during the quarter, compared to analysts' expectations of $361.26 million. During the same quarter in the prior year, the company posted $0.98 earnings per share. The firm's revenue was down 1.5% on a year-over-year basis. On average, equities research analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Wednesday, June 4th. PJT Partners's dividend payout ratio is currently 17.64%.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction 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 completion of the sale, the general counsel now owns 2,288 shares in the company, valued at $324,301.12. This trade represents a 68.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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.