Vanguard Group Inc. Has $167.80 Million Holdings in PJT Partners Inc. (NYSE:PJT)

Vanguard Group Inc. decreased its stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,112,254 shares of the financial services provider's stock after selling 40,028 shares during the period. Vanguard Group Inc. owned about 8.71% of PJT Partners worth $167,797,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PJT. Jacobs Levy Equity Management Inc. bought a new stake in PJT Partners during the third quarter worth $14,387,000. Walleye Capital LLC lifted its holdings in PJT Partners by 5,714.8% during the second quarter. Walleye Capital LLC now owns 178,979 shares of the financial services provider's stock worth $12,464,000 after acquiring an additional 175,901 shares during the period. Victory Capital Management Inc. lifted its holdings in PJT Partners by 2,871.9% during the fourth quarter. Victory Capital Management Inc. now owns 173,827 shares of the financial services provider's stock worth $12,809,000 after acquiring an additional 167,978 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in PJT Partners by 2,850.2% during the first quarter. Rockefeller Capital Management L.P. now owns 138,601 shares of the financial services provider's stock worth $10,005,000 after acquiring an additional 133,903 shares during the period. Finally, Chartwell Investment Partners LLC bought a new stake in PJT Partners during the third quarter worth $8,676,000. 89.23% of the stock is currently owned by institutional investors.

PJT Partners Stock Up 0.9 %

Shares of PJT Partners stock traded up $0.81 on Monday, reaching $95.07. The company's stock had a trading volume of 314,323 shares, compared to its average volume of 275,595. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 30.87 and a beta of 0.69. The firm's fifty day simple moving average is $98.68 and its two-hundred day simple moving average is $91.22. PJT Partners Inc. has a 52 week low of $59.61 and a 52 week high of $107.35.

PJT Partners (NYSE:PJT - Get Free Report) last posted its earnings results on Tuesday, February 6th. The financial services provider reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.20. PJT Partners had a return on equity of 17.44% and a net margin of 7.09%. The business had revenue of $328.60 million during the quarter, compared to analyst estimates of $304.26 million. During the same quarter last year, the company earned $1.08 EPS. The company's quarterly revenue was up 17.4% compared to the same quarter last year. As a group, research analysts predict that PJT Partners Inc. will post 3.85 EPS for the current year.

PJT Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 5th. This represents a $1.00 annualized dividend and a yield of 1.05%. PJT Partners's dividend payout ratio (DPR) is presently 32.47%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Seaport Res Ptn cut PJT Partners from a "buy" rating to a "neutral" rating in a report on Tuesday, December 5th. JMP Securities increased their price objective on PJT Partners from $105.00 to $110.00 and gave the company a "market outperform" rating in a research report on Wednesday, February 7th. The Goldman Sachs Group restated a "neutral" rating and set a $99.00 price target (down from $108.00) on shares of PJT Partners in a research report on Tuesday, January 9th. Wolfe Research restated an "underperform" rating and set a $89.00 price target on shares of PJT Partners in a research report on Wednesday, January 3rd. Finally, UBS Group reiterated a "sell" rating and issued a $75.00 price objective (down previously from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, PJT Partners currently has a consensus rating of "Hold" and an average price target of $93.25.

Insider Activity at PJT Partners

In other news, CFO Helen T. Meates sold 12,926 shares of the business's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $105.51, for a total value of $1,363,822.26. Following the transaction, the chief financial officer now directly owns 48,821 shares in the company, valued at $5,151,103.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, General Counsel David Adam Travin sold 5,000 shares of the business's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $93.21, for a total value of $466,050.00. Following the transaction, the general counsel now directly owns 1,541 shares in the company, valued at $143,636.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Helen T. Meates sold 12,926 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $105.51, for a total value of $1,363,822.26. Following the completion of the transaction, the chief financial officer now owns 48,821 shares in the company, valued at $5,151,103.71. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,926 shares of company stock worth $2,875,672. Corporate insiders own 10.67% of the company's stock.

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.