26,648 Shares in PJT Partners Inc. (NYSE:PJT) Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC purchased a new position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 26,648 shares of the financial services provider's stock, valued at approximately $4,205,000. Lighthouse Investment Partners LLC owned approximately 0.11% of PJT Partners at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PJT. Barclays PLC raised its stake in PJT Partners by 158.6% during the 3rd quarter. Barclays PLC now owns 52,045 shares of the financial services provider's stock worth $6,940,000 after acquiring an additional 31,922 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 worth $9,636,000 after acquiring an additional 34,514 shares in the last quarter. Ellsworth Advisors LLC raised its stake in PJT Partners by 3.8% during the 4th quarter. Ellsworth Advisors LLC now owns 5,647 shares of the financial services provider's stock worth $891,000 after acquiring an additional 205 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in PJT Partners by 4.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,080 shares of the financial services provider's stock worth $802,000 after acquiring an additional 200 shares in the last quarter. Finally, Seneca House Advisors acquired a new stake in PJT Partners during the 4th quarter worth $202,000. 89.23% of the stock is currently owned by institutional investors and hedge funds.

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 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 transaction, the general counsel now directly owns 2,288 shares in the company, valued at $324,301.12. The trade was a 68.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.75% of the stock is currently owned by company insiders.

PJT Partners Stock Performance

NYSE PJT traded up $3.39 during trading on Friday, reaching $150.67. The company's stock had a trading volume of 280,077 shares, compared to its average volume of 245,232. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 30.75 and a beta of 0.76. PJT Partners Inc. has a twelve month low of $99.77 and a twelve month high of $190.28. The business's fifty day moving average price is $138.21 and its 200-day moving average price is $152.80.

PJT Partners (NYSE:PJT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.11. The company 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%. PJT Partners's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. As a group, sell-side analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a $0.25 dividend. 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 is presently 17.64%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted 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 investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $154.50.

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.