Prospect Capital Advisors LLC Sells 42,670 Shares of PJT Partners Inc. (NYSE:PJT)

Prospect Capital Advisors LLC decreased its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 26.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,900 shares of the financial services provider's stock after selling 42,670 shares during the period. PJT Partners makes up about 10.8% of Prospect Capital Advisors LLC's holdings, making the stock its largest holding. Prospect Capital Advisors LLC owned 0.50% of PJT Partners worth $18,606,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Principal Securities Inc. lifted its stake 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 lifted its stake in PJT Partners by 112.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider's stock worth $44,000 after purchasing an additional 146 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in 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 purchasing an additional 176 shares during the last quarter. KBC Group NV lifted its stake 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 worth $159,000 after purchasing an additional 204 shares during the last quarter. Finally, Seneca House Advisors bought a new stake in PJT Partners during the fourth quarter worth about $202,000. Institutional investors own 89.23% of the company's stock.

PJT Partners Trading Up 2.3%

PJT Partners stock traded up $3.39 during mid-day trading on Friday, hitting $150.67. The stock had a trading volume of 280,077 shares, compared to its average volume of 245,232. The firm has a market capitalization of $3.51 billion, a P/E ratio of 30.75 and a beta of 0.76. The firm's 50 day moving average is $138.21 and its 200 day moving average is $152.70. PJT Partners Inc. has a one year low of $99.77 and a one year high of $190.28.

PJT Partners (NYSE:PJT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.05 EPS for the quarter, beating 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 business had revenue of $324.50 million during the quarter, compared to the consensus estimate of $361.26 million. During the same quarter in the prior year, the firm earned $0.98 EPS. The business's revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Wednesday, June 4th. PJT Partners's dividend payout ratio (DPR) is presently 17.64%.

Insider Transactions at PJT Partners

In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of the firm's stock in a transaction that occurred 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 sale, the general counsel now directly owns 2,288 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 11.75% of the company's stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their price objective on PJT Partners from $152.00 to $161.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $154.50.

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.