UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in PJT Partners Inc. (NYSE:PJT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 19.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 61,282 shares of the financial services provider's stock after acquiring an additional 9,794 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.26% of PJT Partners worth $9,671,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in PJT Partners by 53.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,769 shares of the financial services provider's stock worth $910,000 after purchasing an additional 2,012 shares during the last quarter. Renaissance Technologies LLC bought a new stake in PJT Partners in the fourth quarter worth $316,000. Norges Bank bought a new stake in PJT Partners in the fourth quarter worth $20,269,000. Principal Financial Group Inc. lifted 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in PJT Partners by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 255,263 shares of the financial services provider's stock worth $40,283,000 after purchasing an additional 3,173 shares during the last quarter. 89.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at PJT Partners

In other PJT Partners news, Director Kievdi Don Cornwell sold 10,403 shares of the company'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 now owns 8,847 shares in the company, valued at approximately $1,329,615.63. This represents a 54.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel David Adam Travin sold 5,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $141.74, for a total value of $708,700.00. Following the transaction, the general counsel now owns 2,288 shares in the company, valued at $324,301.12. This trade represents a 68.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $3,722,082 in the last 90 days. Company insiders own 11.75% of the company's stock.

PJT Partners Price Performance

NYSE:PJT traded down $2.46 during mid-day trading on Wednesday, reaching $149.32. 162,462 shares of the company's stock traded hands, compared to its average volume of 245,211. PJT Partners Inc. has a 12-month low of $99.77 and a 12-month high of $190.28. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 30.47 and a beta of 0.76. The company has a 50 day moving average price of $140.21 and a 200-day moving average price of $152.41.

PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.11. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The company had revenue of $324.50 million for the quarter, compared to the consensus estimate of $361.26 million. During the same quarter in the previous year, the business earned $0.98 EPS. PJT Partners's revenue was down 1.5% compared to the same quarter last year. As a group, analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current 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 issued 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 0.67%. PJT Partners's dividend payout ratio is presently 17.64%.

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.