PJT Partners Inc. (NYSE:PJT) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lessened its stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 32.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,758 shares of the financial services provider's stock after selling 10,777 shares during the period. Anchor Capital Advisors LLC owned approximately 0.09% of PJT Partners worth $2,318,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Account Management LLC bought a new stake in shares of PJT Partners in the 3rd quarter worth $202,000. Handelsbanken Fonder AB bought a new position in PJT Partners during the 3rd quarter valued at about $207,000. Quadrature Capital Ltd bought a new stake in shares of PJT Partners in the third quarter worth approximately $218,000. Cerity Partners LLC purchased a new position in shares of PJT Partners during the fourth quarter valued at approximately $219,000. Finally, Everence Capital Management Inc. bought a new position in PJT Partners during the fourth quarter valued at approximately $222,000. Institutional investors own 89.23% of the company's stock.

PJT Partners Stock Down 0.8 %

PJT stock traded down $0.78 during trading on Tuesday, reaching $94.49. The company's stock had a trading volume of 241,598 shares, compared to its average volume of 266,793. The company's fifty day moving average is $97.08 and its 200-day moving average is $93.47. PJT Partners Inc. has a 1 year low of $59.61 and a 1 year high of $107.35. The company has a market capitalization of $2.26 billion, a P/E ratio of 30.69 and a beta of 0.68.

PJT Partners (NYSE:PJT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $0.96 earnings per share for the quarter, beating 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 firm had revenue of $328.60 million during the quarter, compared to analyst estimates of $304.26 million. During the same quarter last year, the business posted $1.08 earnings per share. The business's quarterly revenue was up 17.4% compared to the same quarter last year. Analysts anticipate that PJT Partners Inc. will post 3.85 earnings per share for the current year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.00 annualized dividend and a yield of 1.06%. PJT Partners's payout ratio is presently 32.47%.

Insider Activity

In other news, General Counsel David Adam Travin sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $93.21, for a total transaction of $466,050.00. Following the transaction, the general counsel now owns 1,541 shares of the company's stock, valued at $143,636.61. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Ji-Yeun Lee sold 10,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $104.58, for a total value of $1,045,800.00. Following the transaction, the insider now owns 73,421 shares of the company's stock, valued at $7,678,368.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel David Adam Travin sold 5,000 shares of the firm's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $93.21, for a total value of $466,050.00. Following the transaction, the general counsel now owns 1,541 shares in the company, valued at approximately $143,636.61. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,926 shares of company stock valued at $2,875,672. 10.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PJT shares. The Goldman Sachs Group reissued a "neutral" rating and set a $99.00 price target (down from $108.00) on shares of PJT Partners in a report on Tuesday, January 9th. UBS Group reissued 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. JMP Securities reiterated a "market outperform" rating and set a $110.00 price target on shares of PJT Partners in a research note on Tuesday, April 9th. Finally, Wolfe Research restated an "underperform" rating and issued a $89.00 price objective on shares of PJT Partners in a research note on Wednesday, January 3rd. Two 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $93.25.

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.