Quantbot Technologies LP Has $3.06 Million Stake in PJT Partners Inc. $PJT

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 increased its stake in PJT Partners Inc. (NYSE:PJT - Free Report) by 21.7% in the 1st quarter, according to its most recent Form 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 approximately 0.10% of PJT Partners worth $3,055,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PJT. Versor Investments LP bought a new position in PJT Partners during the 1st quarter valued at $456,000. Cresset Asset Management LLC lifted its holdings in shares of PJT Partners by 4.8% in the first quarter. Cresset Asset Management LLC now owns 10,483 shares of the financial services provider's stock valued at $1,445,000 after buying an additional 481 shares during the period. Alliance Wealth Advisors LLC UT lifted its holdings in shares of PJT Partners by 69.9% in the first quarter. Alliance Wealth Advisors LLC UT now owns 4,685 shares of the financial services provider's stock valued at $646,000 after buying an additional 1,928 shares during the period. Aberdeen Group plc boosted its stake in PJT Partners by 17.7% during the first quarter. Aberdeen Group plc now owns 114,849 shares of the financial services provider's stock valued at $15,835,000 after buying an additional 17,261 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. grew its holdings in PJT Partners by 6.0% during the first quarter. Cookson Peirce & Co. Inc. now owns 14,804 shares of the financial services provider's stock worth $2,041,000 after acquiring an additional 844 shares during the period. Institutional investors own 89.23% of the company's stock.

Wall Street Analyst Weigh In

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

PJT Partners Stock Up 2.9%

Shares of NYSE PJT traded up $5.0950 during mid-day trading on Friday, hitting $180.3950. 279,914 shares of the company traded hands, compared to its average volume of 242,778. PJT Partners Inc. has a 1 year low of $116.07 and a 1 year high of $190.27. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 31.00 and a beta of 0.77. The business has a 50 day moving average of $174.36 and a two-hundred day moving average of $156.69.

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

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 3rd. PJT Partners's dividend payout ratio (DPR) is 17.18%.

Insider Activity

In other PJT Partners news, Director Kievdi Don Cornwell sold 10,403 shares of PJT Partners stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $150.29, for a total transaction of $1,563,466.87. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Grace Reksten Skaugen sold 1,504 shares of the business's 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 sale, the director directly owned 500 shares in the company, valued at approximately $88,445. This trade represents a 75.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,792 shares of company stock worth $3,686,825 over the last 90 days. 11.75% of the stock is owned by company insiders.

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.