OMERS ADMINISTRATION Corp Buys New Holdings in PJT Partners Inc. (NYSE:PJT)

OMERS ADMINISTRATION Corp bought a new position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 3,300 shares of the financial services provider's stock, valued at approximately $521,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its holdings in PJT Partners by 53.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,769 shares of the financial services provider's stock worth $910,000 after buying an additional 2,012 shares during the period. Renaissance Technologies LLC acquired a new position in PJT Partners during the 4th quarter worth about $316,000. Norges Bank acquired a new position in PJT Partners during the 4th quarter worth about $20,269,000. Principal Financial Group Inc. lifted its holdings in PJT Partners by 4.2% during the 4th quarter. Principal Financial Group Inc. now owns 139,934 shares of the financial services provider's stock worth $22,083,000 after buying an additional 5,644 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in PJT Partners by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 255,263 shares of the financial services provider's stock worth $40,283,000 after buying an additional 3,173 shares during the period. 89.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PJT Partners

In related news, General Counsel David Adam Travin sold 5,000 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was 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 directly owns 2,288 shares of the company's stock, valued at $324,301.12. The trade was a 68.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 11.75% of the company's stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their price objective on PJT Partners from $152.00 to $161.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, PJT Partners presently has a consensus rating of "Hold" and an average price target of $154.50.

PJT Partners Stock Performance

Shares of PJT stock traded down $1.45 during mid-day trading on Friday, hitting $146.38. The company's stock had a trading volume of 218,409 shares, compared to its average volume of 245,643. The company's fifty day simple moving average is $139.08 and its 200-day simple moving average is $152.85. PJT Partners Inc. has a 52 week low of $99.77 and a 52 week high of $190.28. The company has a market cap of $3.58 billion, a PE ratio of 29.87 and a beta of 0.76.

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 for the quarter, topping the consensus estimate of $0.94 by $0.11. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The firm had revenue of $324.50 million during the quarter, compared to analyst estimates of $361.26 million. During the same period last year, the company posted $0.98 EPS. The business's quarterly revenue was down 1.5% on a year-over-year basis. On average, equities analysts anticipate that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Wednesday, June 4th. PJT Partners's dividend payout ratio (DPR) is presently 17.64%.

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.