TimesSquare Capital Management LLC Buys 1,904 Shares of PJT Partners Inc. (NYSE:PJT)

TimesSquare Capital Management LLC increased its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,852 shares of the financial services provider's stock after purchasing an additional 1,904 shares during the quarter. TimesSquare Capital Management LLC owned 0.57% of PJT Partners worth $18,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of PJT. Vanguard Group Inc. boosted its holdings in PJT Partners by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 2,515,600 shares of the financial services provider's stock valued at $396,987,000 after acquiring an additional 127,060 shares during the period. FMR LLC grew its stake in PJT Partners by 52.8% during the 4th quarter. FMR LLC now owns 637,797 shares of the financial services provider's stock valued at $100,651,000 after purchasing an additional 220,526 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of PJT Partners by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 635,270 shares of the financial services provider's stock worth $100,273,000 after buying an additional 16,233 shares during the last quarter. Congress Asset Management Co. boosted its stake in shares of PJT Partners by 19.7% in the first quarter. Congress Asset Management Co. now owns 485,575 shares of the financial services provider's stock worth $66,951,000 after buying an additional 79,894 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of PJT Partners by 9.8% in the fourth quarter. Alliancebernstein L.P. now owns 474,710 shares of the financial services provider's stock worth $74,914,000 after buying an additional 42,463 shares during the last quarter. Institutional investors own 89.23% of the company's stock.

PJT Partners Stock Performance

Shares of PJT Partners stock opened at $180.11 on Tuesday. The firm's 50-day simple moving average is $155.67 and its 200-day simple moving average is $152.49. PJT Partners Inc. has a twelve month low of $114.19 and a twelve month high of $190.28. The firm has a market cap of $4.40 billion, a P/E ratio of 31.77 and a beta of 0.76.

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

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, June 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. PJT Partners's payout ratio is 17.64%.

Wall Street Analyst Weigh In

Several research firms have recently commented on PJT. Keefe, Bruyette & Woods raised their price target on PJT Partners from $161.00 to $199.00 and gave the stock a "market perform" rating in a research report on Monday. Wolfe Research restated an "underperform" rating on shares of PJT Partners in a research note on Thursday. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $164.00.

Insider Transactions at PJT Partners

In related news, General Counsel David Adam Travin sold 5,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the general counsel owned 2,288 shares in the company, valued at $324,301.12. This trade represents a 68.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kievdi Don Cornwell sold 10,403 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $150.29, for a total transaction of $1,563,466.87. Following the transaction, the director owned 8,847 shares of the company's stock, valued at approximately $1,329,615.63. The trade was a 54.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $3,722,082 over the last quarter. Corporate 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.

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