PJT Partners Inc. (NYSE:PJT) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,145 shares of the financial services provider's stock after selling 2,779 shares during the quarter. First Trust Advisors LP owned about 0.29% of PJT Partners worth $10,912,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PJT. Principal Securities Inc. lifted its stake in PJT Partners by 385.4% in the fourth quarter. Principal Securities Inc. now owns 199 shares of the financial services provider's stock valued at $31,000 after buying an additional 158 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of PJT Partners by 112.3% in 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. GAMMA Investing LLC raised its position in PJT Partners by 32.3% in the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 109 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in PJT Partners by 51.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider's stock worth $82,000 after purchasing an additional 176 shares during the period. Finally, KBC Group NV boosted its stake in PJT Partners by 25.4% during the 4th 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. Institutional investors and hedge funds own 89.23% of the company's stock.

PJT Partners Price Performance

Shares of PJT stock traded up $3.37 during mid-day trading on Friday, hitting $143.22. The stock had a trading volume of 429,221 shares, compared to its average volume of 242,985. The firm has a market cap of $3.34 billion, a PE ratio of 29.23 and a beta of 0.76. The company's 50-day simple moving average is $139.19 and its 200-day simple moving average is $152.49. PJT Partners Inc. has a fifty-two week low of $97.74 and a fifty-two week high of $190.28.

PJT Partners (NYSE:PJT - Get Free Report) last posted its quarterly earnings results 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. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The firm had revenue of $324.50 million during the quarter, compared to analysts' expectations of $361.26 million. During the same period in the prior year, the company posted $0.98 earnings per share. The firm's revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts expect that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. PJT Partners's dividend payout ratio is currently 17.64%.

Insider Activity at PJT Partners

In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction 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 completion of the transaction, the general counsel now owns 2,288 shares in the company, valued at approximately $324,301.12. This represents a 68.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 11.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PJT. Keefe, Bruyette & Woods lifted their price objective on shares of PJT Partners from $152.00 to $177.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. Citizens Jmp downgraded PJT Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, JMP Securities cut PJT Partners from an "outperform" rating to a "market perform" rating in a research report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $158.50.

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.