33,905 Shares in PJT Partners Inc. (NYSE:PJT) Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 33,905 shares of the financial services provider's stock, valued at approximately $5,351,000. Tudor Investment Corp ET AL owned about 0.14% of PJT Partners at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Principal Securities Inc. grew its holdings in shares of PJT Partners by 385.4% during the 4th 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 raised its position in shares of PJT Partners by 112.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 146 shares in the last quarter. GAMMA Investing LLC boosted its stake in PJT Partners by 32.3% during the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 109 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in PJT Partners by 51.6% in 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 in the last quarter. Finally, KBC Group NV grew its position in shares of PJT Partners by 25.4% in the 4th quarter. KBC Group NV now owns 1,007 shares of the financial services provider's stock worth $159,000 after acquiring an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 89.23% of the company's stock.

Analyst Ratings Changes

PJT has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upped their price objective on 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 lowered shares of PJT Partners from an "outperform" rating to a "market perform" rating in a research note 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 investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $158.50.

PJT Partners Trading Up 0.2 %

Shares of NYSE:PJT traded up $0.28 during mid-day trading on Tuesday, reaching $142.82. The stock had a trading volume of 33,375 shares, compared to its average volume of 242,107. The firm has a market cap of $3.33 billion, a PE ratio of 29.13 and a beta of 0.76. The firm has a 50 day simple moving average of $138.87 and a two-hundred day simple moving average of $152.45. PJT Partners Inc. has a twelve month low of $97.74 and a twelve month high of $190.28.

PJT Partners (NYSE:PJT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating 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 business had revenue of $324.50 million for the quarter, compared to analyst estimates of $361.26 million. During the same quarter last year, the firm earned $0.98 EPS. PJT Partners's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

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

Insider Activity at PJT Partners

In related news, General Counsel David Adam Travin sold 5,000 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $141.74, for a total transaction of $708,700.00. Following the completion of the transaction, the general counsel now directly owns 2,288 shares of the company's stock, valued at $324,301.12. This trade represents a 68.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 11.71% of the stock is currently owned by company insiders.

About PJT Partners

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.