Barclays PLC Has $6.94 Million Stock Holdings in PJT Partners Inc. (NYSE:PJT)

Barclays PLC grew its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 158.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,045 shares of the financial services provider's stock after purchasing an additional 31,922 shares during the period. Barclays PLC owned approximately 0.22% of PJT Partners worth $6,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. iSAM Funds UK Ltd acquired a new stake in shares of PJT Partners during the third quarter worth $295,000. State Street Corp increased its stake in PJT Partners by 5.7% in the 3rd quarter. State Street Corp now owns 1,001,911 shares of the financial services provider's stock worth $133,595,000 after purchasing an additional 54,071 shares in the last quarter. Stifel Financial Corp raised its holdings in PJT Partners by 23.7% during the 3rd quarter. Stifel Financial Corp now owns 7,249 shares of the financial services provider's stock worth $967,000 after buying an additional 1,387 shares during the period. Quadrature Capital Ltd purchased a new stake in PJT Partners during the third quarter valued at about $393,000. Finally, Quarry LP boosted its holdings in shares of PJT Partners by 186.3% in the third quarter. Quarry LP now owns 209 shares of the financial services provider's stock worth $28,000 after buying an additional 136 shares during the period. Institutional investors and hedge funds own 89.23% of the company's stock.

PJT Partners Price Performance

PJT Partners stock traded up $1.34 during trading hours on Thursday, hitting $152.86. The company had a trading volume of 280,976 shares, compared to its average volume of 232,049. PJT Partners Inc. has a fifty-two week low of $88.51 and a fifty-two week high of $168.92. The firm has a market capitalization of $3.62 billion, a P/E ratio of 38.80 and a beta of 0.65. The firm's fifty day moving average is $154.23 and its 200-day moving average is $131.65.

PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The business had revenue of $326.30 million during the quarter, compared to analyst estimates of $313.46 million. During the same period last year, the company earned $0.78 earnings per share. PJT Partners's quarterly revenue was up 17.2% compared to the same quarter last year. Analysts anticipate that PJT Partners Inc. will post 4.4 earnings per share for the current year.

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Wednesday, December 4th. PJT Partners's dividend payout ratio (DPR) is presently 25.38%.

Analyst Ratings Changes

PJT has been the subject of a number of recent analyst reports. UBS Group raised shares of PJT Partners from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $130.00 to $175.00 in a research note on Friday, December 6th. JMP Securities lifted their price target on PJT Partners from $142.00 to $150.00 and gave the company a "market outperform" rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $134.80.

Insiders Place Their Bets

In related news, General Counsel David Adam Travin sold 1,541 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $159.18, for a total value of $245,296.38. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth C. Whitney sold 1,725 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $159.75, for a total value of $275,568.75. Following the sale, the director now directly owns 9,100 shares of the company's stock, valued at $1,453,725. The trade was a 15.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,766 shares of company stock valued at $762,980 over the last ninety days. Corporate insiders own 11.71% of the company's stock.

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.