XTX Topco Ltd Grows Stock Position in PJT Partners Inc. (NYSE:PJT)

XTX Topco Ltd raised its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 136.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,713 shares of the financial services provider's stock after purchasing an additional 2,140 shares during the period. XTX Topco Ltd's holdings in PJT Partners were worth $512,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. New York State Teachers Retirement System lifted its holdings in PJT Partners by 11.4% in the 1st quarter. New York State Teachers Retirement System now owns 12,253 shares of the financial services provider's stock worth $1,689,000 after buying an additional 1,254 shares during the period. Millennium Management LLC purchased a new stake in PJT Partners in the 4th quarter worth approximately $555,000. Principal Financial Group Inc. lifted its holdings in PJT Partners by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 143,579 shares of the financial services provider's stock worth $19,797,000 after buying an additional 3,645 shares during the period. GAMMA Investing LLC lifted its holdings in PJT Partners by 18,294.4% in the 1st quarter. GAMMA Investing LLC now owns 82,039 shares of the financial services provider's stock worth $11,312,000 after buying an additional 81,593 shares during the period. Finally, Richard Bernstein Advisors LLC purchased a new stake in PJT Partners in the 1st quarter worth approximately $3,373,000. Hedge funds and other institutional investors own 89.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on PJT Partners from $161.00 to $199.00 and gave the company a "market perform" rating in a research note on Monday, July 14th. Wolfe Research reaffirmed an "underperform" rating on shares of PJT Partners in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, PJT Partners currently has an average rating of "Hold" and a consensus target price of $174.67.

PJT Partners Stock Performance

PJT stock traded down $1.02 during midday trading on Friday, reaching $176.60. 194,645 shares of the company traded hands, compared to its average volume of 290,494. PJT Partners Inc. has a 52-week low of $116.07 and a 52-week high of $190.27. The business has a 50 day moving average of $169.02 and a 200-day moving average of $155.77. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 30.34 and a beta of 0.77.

PJT Partners (NYSE:PJT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.18. PJT Partners had a return on equity of 25.61% and a net margin of 10.45%. The business had revenue of $731.09 billion for the quarter, compared to the consensus estimate of $343.11 million. During the same period in the prior year, the business posted $1.19 earnings per share. The company's quarterly revenue was up 13.0% compared to the same quarter last year. Research analysts anticipate that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. PJT Partners's dividend payout ratio is 17.18%.

Insider Buying and Selling at PJT Partners

In other news, General Counsel David Adam Travin sold 2,288 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $178.06, for a total value of $407,401.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Grace Reksten Skaugen sold 1,504 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $176.89, for a total value of $266,042.56. Following the completion of the sale, the director owned 500 shares in the company, valued at approximately $88,445. The trade was a 75.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,792 shares of company stock worth $3,686,825 over the last ninety days. Company 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.