Hsbc Holdings PLC Boosts Position in PJT Partners Inc. (NYSE:PJT)

Hsbc Holdings PLC lifted its stake in PJT Partners Inc. (NYSE:PJT - Free Report) by 72.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,004 shares of the financial services provider's stock after purchasing an additional 6,304 shares during the period. Hsbc Holdings PLC owned 0.06% of PJT Partners worth $2,385,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in PJT Partners by 91.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,270 shares of the financial services provider's stock valued at $9,636,000 after acquiring an additional 34,514 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of PJT Partners by 53.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,769 shares of the financial services provider's stock valued at $910,000 after purchasing an additional 2,012 shares in the last quarter. Norges Bank purchased a new stake in PJT Partners in the fourth quarter worth $20,269,000. Principal Financial Group Inc. raised its holdings 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in PJT Partners by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 255,263 shares of the financial services provider's stock valued at $40,283,000 after buying an additional 3,173 shares during the period. Institutional investors own 89.23% of the company's stock.

PJT Partners Stock Down 0.2 %

PJT Partners stock traded down $0.27 during trading hours on Tuesday, hitting $142.27. The stock had a trading volume of 18,557 shares, compared to its average volume of 242,044. The stock's 50-day moving average price is $138.87 and its 200-day moving average price is $152.45. PJT Partners Inc. has a 12-month low of $97.74 and a 12-month high of $190.28. The stock has a market capitalization of $3.31 billion, a P/E ratio of 29.02 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 (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.11. The business had revenue of $324.50 million for the quarter, compared to analysts' expectations of $361.26 million. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The firm's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. On average, research analysts expect that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Wednesday, June 4th. PJT Partners's dividend payout ratio (DPR) is 17.64%.

Insider Buying and Selling at PJT Partners

In other news, General Counsel David Adam Travin sold 5,000 shares of the business's 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 now directly owns 2,288 shares of the company's stock, valued at $324,301.12. The trade was a 68.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.71% of the company's stock.

Analyst Upgrades and Downgrades

PJT has been the subject of several research reports. Keefe, Bruyette & Woods increased their price target on shares of PJT Partners from $152.00 to $177.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. JMP Securities lowered shares of PJT Partners from an "outperform" rating to a "market perform" rating in a report on Monday, January 13th. Finally, Citizens Jmp downgraded PJT Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $158.50.

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.