PJT Partners Inc. (NYSE:PJT) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 65.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,300 shares of the financial services provider’s stock after purchasing an additional 1,700 shares during the quarter. Handelsbanken Fonder AB’s holdings in PJT Partners were worth $438,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Everence Capital Management Inc. purchased a new position in shares of PJT Partners during the 4th quarter valued at approximately $222,000. Louisiana State Employees Retirement System acquired a new position in PJT Partners in the fourth quarter worth $1,141,000. Cerity Partners LLC acquired a new position in PJT Partners in the fourth quarter worth $219,000. Mutual of America Capital Management LLC boosted its holdings in PJT Partners by 3.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 49,336 shares of the financial services provider’s stock worth $5,026,000 after purchasing an additional 1,827 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in PJT Partners by 6,245.9% in the fourth quarter. International Assets Investment Management LLC now owns 7,742 shares of the financial services provider’s stock worth $789,000 after purchasing an additional 7,620 shares during the period. Institutional investors and hedge funds own 89.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PJT shares. Wolfe Research reaffirmed an “underperform” rating and issued a $89.00 price objective on shares of PJT Partners in a report on Wednesday, January 3rd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $99.00 target price (down from $108.00) on shares of PJT Partners in a research note on Tuesday, January 9th. JMP Securities restated a “market outperform” rating and set a $110.00 price objective on shares of PJT Partners in a research note on Tuesday, April 9th. Finally, UBS Group restated a “sell” rating and set a $75.00 price objective (down from $100.00) on shares of PJT Partners in a research note on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $93.25.

PJT Partners Trading Down 1.0 %

Shares of PJT opened at $93.54 on Thursday. The business’s 50-day moving average price is $96.76 and its 200 day moving average price is $93.59. The stock has a market capitalization of $2.24 billion, a P/E ratio of 30.37 and a beta of 0.68. PJT Partners Inc. has a 1-year low of $59.61 and a 1-year high of $107.35.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.20. The firm had revenue of $328.60 million for the quarter, compared to analysts’ expectations of $304.26 million. PJT Partners had a return on equity of 17.44% and a net margin of 7.09%. PJT Partners’s revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. On average, research analysts predict that PJT Partners Inc. will post 3.85 earnings per share for the current year.

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 5th. This represents a $1.00 annualized dividend and a yield of 1.07%. PJT Partners’s dividend payout ratio (DPR) is presently 32.47%.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, CFO Helen T. Meates sold 12,926 shares of PJT Partners stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $105.51, for a total transaction of $1,363,822.26. Following the transaction, the chief financial officer now owns 48,821 shares of the company’s stock, valued at approximately $5,151,103.71. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, General Counsel David Adam Travin sold 5,000 shares of PJT Partners stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $93.21, for a total transaction of $466,050.00. Following the completion of the sale, the general counsel now directly owns 1,541 shares in the company, valued at approximately $143,636.61. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Helen T. Meates sold 12,926 shares of PJT Partners stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $105.51, for a total value of $1,363,822.26. Following the sale, the chief financial officer now owns 48,821 shares of the company’s stock, valued at $5,151,103.71. The disclosure for this sale can be found here. Insiders have sold a total of 27,926 shares of company stock valued at $2,875,672 in the last 90 days. 10.67% of the stock is currently owned by corporate insiders.

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.