16,694 Shares in PJT Partners Inc. (NYSE:PJT) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,694 shares of the financial services provider's stock, valued at approximately $2,302,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of PJT Partners as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Crestwood Advisors Group LLC lifted its stake in shares of PJT Partners by 0.6% in the first quarter. Crestwood Advisors Group LLC now owns 14,314 shares of the financial services provider's stock valued at $1,974,000 after buying an additional 83 shares in the last quarter. Morse Asset Management Inc lifted its stake in shares of PJT Partners by 1,640.0% in the first quarter. Morse Asset Management Inc now owns 435 shares of the financial services provider's stock valued at $60,000 after buying an additional 410 shares in the last quarter. Diversify Advisory Services LLC bought a new position in shares of PJT Partners in the first quarter valued at $366,000. Massachusetts Financial Services Co. MA lifted its stake in shares of PJT Partners by 52.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 169,986 shares of the financial services provider's stock valued at $23,438,000 after buying an additional 58,656 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its stake in shares of PJT Partners by 1.5% in the first quarter. TimesSquare Capital Management LLC now owns 132,852 shares of the financial services provider's stock valued at $18,318,000 after buying an additional 1,904 shares in the last quarter. 89.23% of the stock is owned by institutional investors.

Insider Activity at PJT Partners

In other news, Director Kievdi Don Cornwell sold 10,403 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $150.29, for a total value of $1,563,466.87. Following the completion of the sale, the director owned 8,847 shares in the company, valued at $1,329,615.63. This represents a 54.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.75% of the stock is currently owned by corporate insiders.

PJT Partners Price Performance

Shares of PJT stock traded up $0.47 on Friday, hitting $179.09. The stock had a trading volume of 314,089 shares, compared to its average volume of 283,681. The business has a 50 day moving average of $165.43 and a 200 day moving average of $155.01. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 30.77 and a beta of 0.76. PJT Partners Inc. has a 12-month low of $116.06 and a 12-month high of $190.27.

PJT Partners (NYSE:PJT - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.36 by $0.18. The company had revenue of $731.09 billion during the quarter, compared to the consensus estimate of $343.11 million. PJT Partners had a net margin of 10.45% and a return on equity of 25.47%. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.19 earnings per share. As a group, research analysts expect that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be issued a $0.25 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. PJT Partners's dividend payout ratio is currently 17.18%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their price objective 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, July 14th. Wolfe Research reaffirmed an "underperform" rating on shares of PJT Partners in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $174.67.

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.