TimesSquare Capital Management LLC Has $18.32 Million Stake in PJT Partners Inc. (NYSE:PJT)

TimesSquare Capital Management LLC boosted its position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,852 shares of the financial services provider's stock after purchasing an additional 1,904 shares during the period. TimesSquare Capital Management LLC owned about 0.57% of PJT Partners worth $18,318,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased 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 worth $396,987,000 after purchasing an additional 127,060 shares in the last quarter. FMR LLC boosted its stake in shares of PJT Partners by 52.8% during the 4th quarter. FMR LLC now owns 637,797 shares of the financial services provider's stock worth $100,651,000 after buying an additional 220,526 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of PJT Partners by 2.6% during the 4th 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% during the 1st 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% during the 4th 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.

Insider Activity at PJT Partners

In other news, Director Kievdi Don Cornwell sold 10,403 shares of the firm's 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 of the company's stock, valued at approximately $1,329,615.63. This trade represents a 54.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel David Adam Travin sold 5,000 shares of PJT Partners stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $141.74, for a total transaction of $708,700.00. Following the completion of the transaction, the general counsel directly owned 2,288 shares in the company, valued at $324,301.12. This trade represents a 68.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $3,722,082 over the last 90 days. Company insiders own 11.75% of the company's stock.

PJT Partners Stock Performance

NYSE:PJT traded down $2.20 during mid-day trading on Friday, hitting $181.81. The stock had a trading volume of 122,803 shares, compared to its average volume of 249,086. PJT Partners Inc. has a twelve month low of $116.06 and a twelve month high of $190.28. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 32.07 and a beta of 0.76. The company's 50 day simple moving average is $158.73 and its 200 day simple moving average is $153.22.

PJT Partners (NYSE:PJT - Get Free Report) last issued its quarterly earnings data 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 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 revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.98 earnings per share. As a group, equities analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, June 4th. This represents a $1.00 annualized dividend and a yield of 0.55%. PJT Partners's dividend payout ratio (DPR) is presently 17.64%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PJT shares. Keefe, Bruyette & Woods raised their target price on shares of PJT Partners from $161.00 to $199.00 and gave the company a "market perform" rating in a research note on Monday. Wolfe Research reiterated an "underperform" rating on shares of PJT Partners in a research note on Thursday, July 10th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $164.00.

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.