Quantbot Technologies LP Acquires 3,955 Shares of PJT Partners Inc. $PJT

Quantbot Technologies LP raised its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 21.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,155 shares of the financial services provider’s stock after purchasing an additional 3,955 shares during the quarter. Quantbot Technologies LP’s holdings in PJT Partners were worth $3,055,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tidal Investments LLC bought a new position in PJT Partners in the fourth quarter worth approximately $20,059,000. Nuveen LLC bought a new position in PJT Partners in the first quarter worth approximately $12,587,000. GAMMA Investing LLC grew its stake in PJT Partners by 18,294.4% in the first quarter. GAMMA Investing LLC now owns 82,039 shares of the financial services provider’s stock worth $11,312,000 after purchasing an additional 81,593 shares in the last quarter. Congress Asset Management Co. grew its stake in PJT Partners by 19.7% in the first quarter. Congress Asset Management Co. now owns 485,575 shares of the financial services provider’s stock worth $66,951,000 after purchasing an additional 79,894 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in PJT Partners by 52.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 169,986 shares of the financial services provider’s stock worth $23,438,000 after purchasing an additional 58,656 shares in the last quarter. 89.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PJT has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of PJT Partners from $161.00 to $199.00 and gave the company a “market perform” rating in a research report on Monday, July 14th. Wolfe Research restated an “underperform” rating on shares of PJT Partners in a report on Thursday, July 10th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, PJT Partners presently has a consensus rating of “Reduce” and an average price target of $174.67.

PJT Partners Price Performance

Shares of PJT stock opened at $176.71 on Thursday. PJT Partners Inc. has a 1-year low of $116.07 and a 1-year high of $190.27. The stock’s 50-day moving average is $173.41 and its 200 day moving average is $156.72. The company has a market cap of $4.30 billion, a P/E ratio of 30.36 and a beta of 0.77.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.18. PJT Partners had a return on equity of 25.61% and a net margin of 10.45%.The company had revenue of $731.09 billion for the quarter, compared to the consensus estimate of $343.11 million. During the same quarter last year, the company earned $1.19 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. PJT Partners’s dividend payout ratio is presently 17.18%.

Insider Transactions at PJT Partners

In other news, Director Grace Reksten Skaugen sold 1,504 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $176.89, for a total transaction of $266,042.56. Following the transaction, the director directly owned 500 shares of the company’s stock, valued at approximately $88,445. This represents a 75.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel David Adam Travin sold 2,288 shares of the company’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $178.06, for a total value of $407,401.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,792 shares of company stock valued at $3,686,825. Corporate insiders own 11.75% of the company’s stock.

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.