ProShare Advisors LLC Acquires 2,104 Shares of PJT Partners Inc. (NYSE:PJT)

ProShare Advisors LLC grew its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 42.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,031 shares of the financial services provider's stock after purchasing an additional 2,104 shares during the quarter. ProShare Advisors LLC's holdings in PJT Partners were worth $1,110,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Securities Inc. grew its stake in PJT Partners by 385.4% in the 4th 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 during the last quarter. CIBC Private Wealth Group LLC grew its stake in 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. PNC Financial Services Group Inc. grew its stake in 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. KBC Group NV grew its stake in PJT Partners by 25.4% in the 4th quarter. KBC Group NV now owns 1,007 shares of the financial services provider's stock valued at $159,000 after buying an additional 204 shares during the last quarter. Finally, Level Four Advisory Services LLC acquired a new position in PJT Partners in the 4th quarter valued at $202,000. Institutional investors own 89.23% of the company's stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $141.74, for a total value of $708,700.00. Following the sale, the general counsel now directly owns 2,288 shares in the company, valued at $324,301.12. This trade represents a 68.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 11.75% of the company's stock.

PJT Partners Price Performance

NYSE PJT opened at $147.77 on Friday. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 30.16 and a beta of 0.76. The company's fifty day moving average is $138.96 and its two-hundred day moving average is $152.89. 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 quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.11. The company had revenue of $324.50 million for 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%. The business's quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. As a group, sell-side analysts expect that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a $0.25 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.00 annualized dividend and a yield of 0.68%. PJT Partners's dividend payout ratio is 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.

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