SG Americas Securities LLC Takes Position in PJT Partners Inc. (NYSE:PJT)

SG Americas Securities LLC acquired a new stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,471 shares of the financial services provider's stock, valued at approximately $3,788,000. SG Americas Securities LLC owned 0.12% of PJT Partners at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legato Capital Management LLC raised its holdings in shares of PJT Partners by 25.1% in the fourth quarter. Legato Capital Management LLC now owns 3,281 shares of the financial services provider's stock worth $518,000 after buying an additional 659 shares during the period. New York State Teachers Retirement System grew its stake in PJT Partners by 2.9% in the fourth quarter. New York State Teachers Retirement System now owns 10,999 shares of the financial services provider's stock worth $1,736,000 after purchasing an additional 311 shares in the last quarter. Congress Asset Management Co. grew its stake in PJT Partners by 27.6% in the fourth quarter. Congress Asset Management Co. now owns 405,681 shares of the financial services provider's stock worth $64,021,000 after purchasing an additional 87,707 shares in the last quarter. Principal Securities Inc. grew its stake in PJT Partners by 385.4% in the fourth quarter. Principal Securities Inc. now owns 199 shares of the financial services provider's stock worth $31,000 after purchasing an additional 158 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in PJT Partners by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 139,934 shares of the financial services provider's stock worth $22,083,000 after purchasing an additional 5,644 shares in the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at PJT Partners

In related news, Director Kievdi Don Cornwell sold 9,597 shares of PJT Partners stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $151.08, for a total value of $1,449,914.76. Following the sale, the director now directly owns 19,250 shares in the company, valued at approximately $2,908,290. The trade was a 33.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel David Adam Travin sold 5,000 shares of PJT Partners 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 owns 2,288 shares in the company, valued at approximately $324,301.12. The trade was a 68.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $3,722,082 in the last 90 days. Corporate insiders own 11.75% of the company's stock.

PJT Partners Stock Performance

PJT stock traded down $1.12 during midday trading on Tuesday, reaching $152.48. The stock had a trading volume of 161,774 shares, compared to its average volume of 244,900. The stock has a market cap of $3.73 billion, a PE ratio of 26.89 and a beta of 0.74. The firm has a fifty day simple moving average of $144.08 and a two-hundred day simple moving average of $151.81. PJT Partners Inc. has a 52-week low of $103.57 and a 52-week high of $190.28.

PJT Partners (NYSE:PJT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.11. The business had revenue of $324.50 million during the quarter, compared to analyst estimates of $361.26 million. PJT Partners had a return on equity of 23.81% and a net margin of 10.47%. The company's revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $0.98 EPS. On average, sell-side analysts predict that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.66%. PJT Partners's dividend payout ratio is presently 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.