Two Sigma Investments LP Sells 27,008 Shares of PJT Partners Inc. (NYSE:PJT)

Two Sigma Investments LP trimmed its holdings in PJT Partners Inc. (NYSE:PJT - Free Report) by 47.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,425 shares of the financial services provider's stock after selling 27,008 shares during the quarter. Two Sigma Investments LP owned about 0.12% of PJT Partners worth $4,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in PJT. Principal Securities Inc. boosted its holdings in shares of PJT Partners by 385.4% during the 4th quarter. Principal Securities Inc. now owns 199 shares of the financial services provider's stock worth $31,000 after buying an additional 158 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of PJT Partners by 112.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 146 shares during the period. PNC Financial Services Group Inc. boosted its stake in PJT Partners by 51.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider's stock worth $82,000 after acquiring an additional 176 shares in the last quarter. KBC Group NV grew its holdings in PJT Partners by 25.4% in the fourth quarter. KBC Group NV now owns 1,007 shares of the financial services provider's stock worth $159,000 after purchasing an additional 204 shares during the period. Finally, Level Four Advisory Services LLC acquired a new stake in PJT Partners in the fourth quarter worth $202,000. Institutional investors and hedge funds own 89.23% of the company's stock.

Wall Street Analyst Weigh In

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

PJT Partners Trading Down 0.1%

Shares of PJT traded down $0.11 during trading hours on Friday, reaching $150.77. The stock had a trading volume of 349,763 shares, compared to its average volume of 245,662. PJT Partners Inc. has a 12 month low of $99.77 and a 12 month high of $190.28. The firm has a 50-day simple moving average of $139.59 and a 200 day simple moving average of $152.48. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 30.77 and a beta of 0.76.

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 firm had revenue of $324.50 million for the quarter, compared to analyst estimates of $361.26 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The business's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned $0.98 earnings per share. On average, equities analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.66%. PJT Partners's dividend payout ratio (DPR) is currently 17.64%.

Insider Buying and Selling at PJT Partners

In related news, Director Kievdi Don Cornwell sold 10,403 shares of the firm's stock in a transaction dated 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 now directly owns 8,847 shares of the company's stock, valued at $1,329,615.63. This trade represents a 54.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction dated 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 sale, the general counsel now owns 2,288 shares of the company's stock, valued at approximately $324,301.12. This trade represents a 68.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,000 shares of company stock worth $3,722,082. 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.