PJT Partners Inc. (NYSE:PJT) Stock Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 6,245.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,742 shares of the financial services provider's stock after purchasing an additional 7,620 shares during the quarter. International Assets Investment Management LLC's holdings in PJT Partners were worth $789,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PJT. Account Management LLC purchased a new position in shares of PJT Partners in the third quarter worth about $202,000. Quadrature Capital Ltd purchased a new stake in PJT Partners in the third quarter valued at approximately $218,000. Versor Investments LP purchased a new position in shares of PJT Partners during the third quarter worth about $247,000. Amplius Wealth Advisors LLC purchased a new position in PJT Partners in the 4th quarter valued at $247,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in PJT Partners during the 3rd quarter worth approximately $278,000. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

PJT Partners Trading Up 1.6 %

Shares of NYSE:PJT traded up $1.64 during mid-day trading on Friday, reaching $101.22. The stock had a trading volume of 212,523 shares, compared to its average volume of 279,695. The firm has a 50 day simple moving average of $96.17 and a two-hundred day simple moving average of $95.61. PJT Partners Inc. has a twelve month low of $64.86 and a twelve month high of $107.35. The firm has a market cap of $2.43 billion, a PE ratio of 27.88 and a beta of 0.67.

PJT Partners (NYSE:PJT - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.53. The business had revenue of $329.39 million for the quarter, compared to the consensus estimate of $229.32 million. PJT Partners had a return on equity of 17.36% and a net margin of 7.57%. The firm's quarterly revenue was up 64.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. On average, equities analysts anticipate that PJT Partners Inc. will post 4 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, June 5th. PJT Partners's dividend payout ratio (DPR) is presently 27.55%.

Wall Street Analysts Forecast Growth

PJT has been the subject of a number of analyst reports. UBS Group reissued a "sell" rating and issued a $75.00 price target (down from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th. JMP Securities reaffirmed a "market outperform" rating and set a $110.00 price target on shares of PJT Partners in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $93.25.

Insiders Place Their Bets

In related news, insider Ji-Yeun Lee sold 10,000 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $104.58, for a total value of $1,045,800.00. Following the completion of the transaction, the insider now directly owns 73,421 shares in the company, valued at $7,678,368.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Ji-Yeun Lee sold 10,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $104.58, for a total transaction of $1,045,800.00. Following the sale, the insider now directly owns 73,421 shares of the company's stock, valued at approximately $7,678,368.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Helen T. Meates sold 12,926 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $105.51, for a total transaction of $1,363,822.26. Following the completion of the sale, the chief financial officer now owns 48,821 shares in the company, valued at approximately $5,151,103.71. The disclosure for this sale can be found here. Insiders own 10.67% of the company's stock.

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.