2,470 Shares in PJT Partners Inc. (NYSE:PJT) Acquired by MQS Management LLC

MQS Management LLC purchased a new position in PJT Partners Inc. (NYSE:PJT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,470 shares of the financial services provider's stock, valued at approximately $341,000.

Several other hedge funds have also made changes to their positions in PJT. First Bank & Trust increased its position in PJT Partners by 1.6% in the 1st quarter. First Bank & Trust now owns 5,186 shares of the financial services provider's stock valued at $715,000 after acquiring an additional 80 shares during the period. Xponance Inc. grew its stake in shares of PJT Partners by 5.4% in the first quarter. Xponance Inc. now owns 1,749 shares of the financial services provider's stock worth $241,000 after purchasing an additional 90 shares in the last quarter. NDVR Inc. increased its holdings in shares of PJT Partners by 6.0% during the fourth quarter. NDVR Inc. now owns 2,050 shares of the financial services provider's stock valued at $324,000 after purchasing an additional 116 shares during the period. Atria Investments Inc increased its holdings in shares of PJT Partners by 5.0% during the fourth quarter. Atria Investments Inc now owns 2,692 shares of the financial services provider's stock valued at $425,000 after purchasing an additional 129 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in shares of PJT Partners by 112.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 89.23% of the company's stock.

Insiders Place Their Bets

In other news, General Counsel David Adam Travin sold 5,000 shares of the company's 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 completion of the sale, the general counsel directly owned 2,288 shares of the company's stock, valued at $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 SEC, which is available at the SEC website. Also, Director Kievdi Don Cornwell sold 10,403 shares of PJT Partners stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $150.29, for a total value of $1,563,466.87. Following the completion of the transaction, the director directly owned 8,847 shares in the company, valued at $1,329,615.63. This represents a 54.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $3,722,082 in the last quarter. Insiders own 11.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PJT shares. Wolfe Research reiterated an "underperform" rating on shares of PJT Partners in a research report on Thursday, July 10th. Keefe, Bruyette & Woods raised their price objective on shares of PJT Partners from $161.00 to $199.00 and gave the company a "market perform" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, PJT Partners has an average rating of "Hold" and a consensus price target of $164.00.

PJT Partners Trading Up 3.0%

PJT stock traded up $5.45 during trading hours on Wednesday, hitting $184.21. 350,070 shares of the stock traded hands, compared to its average volume of 248,587. PJT Partners Inc. has a one year low of $116.06 and a one year high of $190.28. The company has a market cap of $4.50 billion, a P/E ratio of 32.49 and a beta of 0.76. The stock has a 50-day simple moving average of $157.98 and a 200 day simple moving average of $153.03.

PJT Partners (NYSE:PJT - Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.11. PJT Partners had a net margin of 10.47% and a return on equity of 23.81%. The business had revenue of $324.50 million for the quarter, compared to the consensus estimate of $361.26 million. During the same period in the previous year, the firm earned $0.98 EPS. The business's revenue for the quarter was down 1.5% on a year-over-year basis. Analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a $0.25 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.54%. PJT Partners's dividend payout ratio is currently 17.64%.

PJT Partners 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.