PJT Partners Inc. $PJT Shares Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its stake in PJT Partners by 21.7%, acquiring an additional 3,955 shares, now owning 22,155 shares valued at approximately $3,055,000.
• Recent insider activity includes significant sales by directors, with one selling 1,504 shares and another 10,403 shares, reflecting a decrease in their holdings by over 50%.
• PJT Partners reported strong earnings, with EPS of $1.54 for the last quarter, exceeding estimates and a year-over-year revenue increase of 13%, while also announcing a quarterly dividend of $0.25 per share.

Quantbot Technologies LP boosted its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 21.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,155 shares of the financial services provider's stock after acquiring an additional 3,955 shares during the period. Quantbot Technologies LP owned about 0.10% of PJT Partners worth $3,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in PJT. Tidal Investments LLC bought a new position in shares of PJT Partners during the fourth quarter valued at approximately $20,059,000. Nuveen LLC purchased a new stake in PJT Partners during the first quarter worth $12,587,000. GAMMA Investing LLC boosted its position in PJT Partners by 18,294.4% during the 1st quarter. GAMMA Investing LLC now owns 82,039 shares of the financial services provider's stock valued at $11,312,000 after acquiring an additional 81,593 shares in the last quarter. Congress Asset Management Co. boosted its position in PJT Partners by 19.7% during the 1st quarter. Congress Asset Management Co. now owns 485,575 shares of the financial services provider's stock valued at $66,951,000 after acquiring an additional 79,894 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of PJT Partners by 52.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 169,986 shares of the financial services provider's stock valued at $23,438,000 after acquiring an additional 58,656 shares during the period. Hedge funds and other institutional investors own 89.23% of the company's stock.

Insider Transactions at PJT Partners

In other news, Director Grace Reksten Skaugen sold 1,504 shares of PJT Partners stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $176.89, for a total transaction of $266,042.56. Following the completion of the sale, the director directly 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kievdi Don Cornwell sold 10,403 shares of the company's stock in a transaction on Friday, May 30th. The shares were 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 directly owned 8,847 shares in the company, valued at approximately $1,329,615.63. The trade was a 54.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,792 shares of company stock worth $3,686,825. Company insiders own 11.75% of the company's stock.

Wall Street Analysts Forecast Growth

PJT has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised their price objective on PJT Partners from $161.00 to $199.00 and gave the company a "market perform" rating in a research report on Monday, July 14th. Wolfe Research reissued an "underperform" rating on shares of PJT Partners in a research report on Thursday, July 10th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $174.67.

PJT Partners Price Performance

NYSE PJT traded up $3.85 during trading on Tuesday, hitting $181.86. The company's stock had a trading volume of 174,516 shares, compared to its average volume of 235,938. PJT Partners Inc. has a fifty-two week low of $116.07 and a fifty-two week high of $190.27. The company has a market cap of $4.42 billion, a PE ratio of 31.25 and a beta of 0.77. The business's 50 day simple moving average is $175.43 and its 200-day simple moving average is $156.76.

PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.36 by $0.18. The firm had revenue of $731.09 billion during the quarter, compared to analyst estimates of $343.11 million. PJT Partners had a net margin of 10.45% and a return on equity of 25.61%. PJT Partners's revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm posted $1.19 EPS. Analysts expect that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. PJT Partners's dividend payout ratio (DPR) is currently 17.18%.

About PJT Partners

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.