PJT Partners Inc. (NYSE:PJT) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in PJT Partners Inc. (NYSE:PJT - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 378,145 shares of the financial services provider's stock after selling 76,281 shares during the period. Dimensional Fund Advisors LP owned approximately 1.60% of PJT Partners worth $59,675,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PJT. Principal Securities Inc. raised its holdings in PJT Partners by 385.4% during the fourth quarter. Principal Securities Inc. now owns 199 shares of the financial services provider's stock worth $31,000 after purchasing an additional 158 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of PJT Partners by 112.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider's stock worth $44,000 after buying an additional 146 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of PJT Partners by 32.3% in the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider's stock worth $70,000 after buying an additional 109 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in PJT Partners by 51.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 176 shares during the last quarter. Finally, KBC Group NV increased its holdings in PJT Partners by 25.4% during the 4th quarter. KBC Group NV now owns 1,007 shares of the financial services provider's stock valued at $159,000 after acquiring an additional 204 shares in the last quarter. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of PJT Partners stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $141.74, for a total value of $708,700.00. Following the completion of the transaction, the general counsel now 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 SEC, which is available through this link. 11.71% of the stock is currently owned by insiders.

PJT Partners Price Performance

PJT stock traded up $0.60 during midday trading on Wednesday, hitting $143.28. The stock had a trading volume of 23,021 shares, compared to its average volume of 242,149. PJT Partners Inc. has a 12-month low of $97.74 and a 12-month high of $190.28. The firm has a market cap of $3.34 billion, a PE ratio of 29.25 and a beta of 0.76. The company's 50-day moving average price is $138.58 and its 200 day moving average price is $152.39.

PJT Partners (NYSE:PJT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.94 by $0.11. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The firm had revenue of $324.50 million for the quarter, compared to analyst estimates of $361.26 million. During the same period last year, the company earned $0.98 EPS. The firm's quarterly revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Wednesday, June 4th. PJT Partners's dividend payout ratio is currently 17.64%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price objective 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 downgraded PJT Partners from an "outperform" rating to a "market perform" rating in a research report on Monday, January 13th. Finally, Citizens Jmp downgraded PJT Partners from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.