OMERS ADMINISTRATION Corp Invests $521,000 in PJT Partners Inc. (NYSE:PJT)

OMERS ADMINISTRATION Corp bought a new position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,300 shares of the financial services provider's stock, valued at approximately $521,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PJT. Principal Securities Inc. raised its position 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 in the last quarter. CIBC Private Wealth Group LLC lifted its stake 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 purchasing an additional 146 shares during the period. PNC Financial Services Group Inc. lifted its stake in 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 increased its stake in 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 purchasing an additional 204 shares in the last quarter. Finally, Level Four Advisory Services LLC bought a new position in shares of PJT Partners during the 4th quarter worth about $202,000. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped 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 analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $154.50.

Insider Activity at PJT Partners

In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction dated Friday, May 2nd. The shares were 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 of the company's stock, valued at $324,301.12. This represents a 68.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.75% of the stock is currently owned by company insiders.

PJT Partners Stock Up 0.2%

Shares of PJT stock traded up $0.27 during trading on Thursday, hitting $147.77. The company had a trading volume of 154,316 shares, compared to its average volume of 245,560. The stock's 50-day moving average is $138.79 and its two-hundred day moving average is $152.83. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 30.16 and a beta of 0.76. PJT Partners Inc. has a 52 week low of $99.77 and a 52 week high of $190.28.

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. The company had revenue of $324.50 million during the quarter, compared to analyst estimates of $361.26 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. PJT Partners's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. On average, research analysts predict that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.68%. PJT Partners's 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.