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

MQS Management LLC bought a new position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,470 shares of the financial services provider's stock, valued at approximately $341,000.

Other large investors have also bought and sold shares of the company. Versant Capital Management Inc bought a new position in shares of PJT Partners during the 1st quarter worth approximately $30,000. CIBC Private Wealth Group LLC boosted its holdings 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 during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of PJT Partners in the 1st quarter valued at approximately $39,000. PNC Financial Services Group Inc. boosted its holdings 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 during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of PJT Partners by 33.4% in the 1st quarter. GAMMA Investing LLC now owns 595 shares of the financial services provider's stock valued at $82,000 after buying an additional 149 shares during the last quarter. 89.23% of the stock is owned by institutional investors.

PJT Partners Stock Down 1.1%

Shares of PJT traded down $2.06 during midday trading on Friday, reaching $181.95. 112,365 shares of the stock were exchanged, compared to its average volume of 282,560. PJT Partners Inc. has a twelve month low of $116.06 and a twelve month high of $190.27. The company has a market cap of $4.45 billion, a P/E ratio of 32.09 and a beta of 0.76. The stock's 50 day simple moving average is $158.73 and its 200 day simple moving average is $153.22.

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

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, June 4th. PJT Partners's dividend payout ratio is currently 17.64%.

Insiders Place Their Bets

In related news, General Counsel David Adam Travin sold 5,000 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $141.74, for a total value of $708,700.00. Following the transaction, the general counsel owned 2,288 shares in the company, valued at approximately $324,301.12. This trade 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. Also, Director Kievdi Don Cornwell sold 10,403 shares of the firm's stock in a transaction on 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 owned 8,847 shares in the company, valued at $1,329,615.63. The trade was a 54.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $3,722,082 in the last three months. Insiders own 11.75% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on PJT. Wolfe Research reaffirmed an "underperform" rating on shares of PJT Partners in a report on Thursday, July 10th. Keefe, Bruyette & Woods raised their price target on PJT Partners from $161.00 to $199.00 and gave the company a "market perform" rating in a report on Monday. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $164.00.

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.