Price T Rowe Associates Inc. MD Boosts Stock Position in PJT Partners Inc. (NYSE:PJT)

Price T Rowe Associates Inc. MD grew its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,727 shares of the financial services provider's stock after buying an additional 1,964 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.07% of PJT Partners worth $2,640,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of PJT Partners in the fourth quarter worth about $89,192,000. FMR LLC increased its position in shares of PJT Partners by 52.8% during the fourth quarter. FMR LLC now owns 637,797 shares of the financial services provider's stock worth $100,651,000 after acquiring an additional 220,526 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of PJT Partners by 658.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 181,406 shares of the financial services provider's stock valued at $28,628,000 after acquiring an additional 157,483 shares in the last quarter. Norges Bank purchased a new stake in shares of PJT Partners in the fourth quarter valued at approximately $20,269,000. Finally, Vanguard Group Inc. grew its stake in PJT Partners by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 2,515,600 shares of the financial services provider's stock worth $396,987,000 after purchasing an additional 127,060 shares in the last quarter. Institutional investors own 89.23% of the company's stock.

Insider Activity 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 approximately $324,301.12. The trade was a 68.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 11.71% of the stock is currently owned by insiders.

PJT Partners Trading Up 2.3%

Shares of PJT stock traded up $3.34 during trading hours on Monday, reaching $147.60. 46,468 shares of the company's stock were exchanged, compared to its average volume of 242,660. The stock's fifty day moving average price is $137.97 and its two-hundred day moving average price is $152.45. PJT Partners Inc. has a 1 year low of $99.42 and a 1 year high of $190.28. The stock has a market cap of $3.44 billion, a PE ratio of 30.25 and a beta of 0.76.

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 for the quarter, topping the consensus estimate of $0.94 by $0.11. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The company had revenue of $324.50 million for the quarter, compared to the consensus estimate of $361.26 million. During the same quarter in the prior year, the company earned $0.98 EPS. PJT Partners's quarterly revenue was down 1.5% on a year-over-year basis. On average, equities analysts expect that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a dividend of $0.25 per share. 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 0.68%. PJT Partners's dividend payout ratio is presently 17.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JMP Securities lowered PJT Partners from an "outperform" rating to a "market perform" rating in a research note on Monday, January 13th. Citizens Jmp downgraded shares of PJT Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods upped their target price on PJT Partners from $152.00 to $177.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, PJT Partners presently has a consensus rating of "Hold" and an average target price 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.