Price T Rowe Associates Inc. MD Has $2.64 Million Stake in PJT Partners Inc. (NYSE:PJT)

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

Several other institutional investors have also made changes to their positions in PJT. Principal Securities Inc. boosted its holdings in shares of 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 period. CIBC Private Wealth Group LLC grew its holdings 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 valued at $44,000 after acquiring an additional 146 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of PJT Partners by 32.3% in the fourth quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider's stock worth $70,000 after acquiring an additional 109 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of PJT Partners by 51.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider's stock worth $82,000 after acquiring an additional 176 shares in the last quarter. Finally, KBC Group NV boosted its position in PJT Partners by 25.4% during the fourth quarter. KBC Group NV now owns 1,007 shares of the financial services provider's stock valued at $159,000 after purchasing an additional 204 shares during the last quarter. 89.23% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, General Counsel David Adam Travin sold 5,000 shares of the firm's 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 sale, the general counsel now owns 2,288 shares in the company, valued at approximately $324,301.12. This trade represents a 68.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 11.71% of the company's stock.

PJT Partners Stock Down 1.4 %

PJT stock traded down $2.02 during midday trading on Friday, hitting $144.50. 189,363 shares of the company traded hands, compared to its average volume of 243,145. PJT Partners Inc. has a twelve month low of $99.42 and a twelve month high of $190.28. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 29.49 and a beta of 0.76. The business has a 50 day simple moving average of $137.97 and a 200-day simple moving average of $152.30.

PJT Partners (NYSE:PJT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.05 EPS 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 firm had revenue of $324.50 million for the quarter, compared to the consensus estimate of $361.26 million. During the same quarter last year, the firm posted $0.98 EPS. The business's quarterly revenue was down 1.5% on a year-over-year basis. Equities research analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current 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 paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.00 annualized dividend and a yield of 0.69%. PJT Partners's payout ratio is 17.64%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. 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 research report on Wednesday, February 5th. Citizens Jmp cut shares of PJT Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, JMP Securities downgraded shares of PJT Partners from an "outperform" rating to a "market perform" rating in a report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, PJT Partners currently has an average rating of "Hold" and a consensus target price of $158.50.

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.