BNP Paribas Financial Markets Has $4.37 Million Stock Holdings in PJT Partners Inc. (NYSE:PJT)

BNP Paribas Financial Markets raised its position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 40.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,747 shares of the financial services provider's stock after purchasing an additional 9,510 shares during the quarter. BNP Paribas Financial Markets owned about 0.14% of PJT Partners worth $4,366,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of PJT Partners by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,108 shares of the financial services provider's stock worth $1,519,000 after purchasing an additional 839 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in PJT Partners by 63.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 7,500 shares of the financial services provider's stock valued at $707,000 after buying an additional 2,900 shares in the last quarter. OLD National Bancorp IN acquired a new position in shares of PJT Partners in the second quarter worth about $204,000. Opal Wealth Advisors LLC acquired a new position in shares of PJT Partners in the second quarter worth about $30,000. Finally, Diversified Trust Co increased its position in shares of PJT Partners by 54.8% in the second quarter. Diversified Trust Co now owns 4,900 shares of the financial services provider's stock worth $529,000 after acquiring an additional 1,735 shares in the last quarter. 89.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other PJT Partners news, Director James Costos sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $161.41, for a total transaction of $242,115.00. Following the sale, the director now directly owns 9,360 shares in the company, valued at approximately $1,510,797.60. This trade represents a 13.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel David Adam Travin sold 1,541 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $159.18, for a total transaction of $245,296.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,766 shares of company stock valued at $762,980. 11.71% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. 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. UBS Group lifted their target price on shares of PJT Partners from $110.00 to $120.00 and gave the company a "sell" rating in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $123.80.

PJT Partners Trading Up 0.1 %

NYSE PJT traded up $0.18 during trading hours on Thursday, reaching $161.27. 159,126 shares of the company's stock were exchanged, compared to its average volume of 233,473. The stock has a market cap of $3.82 billion, a PE ratio of 40.93 and a beta of 0.65. The firm has a fifty day moving average of $149.67 and a 200-day moving average of $128.01. PJT Partners Inc. has a one year low of $88.51 and a one year high of $168.92.

PJT Partners (NYSE:PJT - Get Free Report) last released its earnings results on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.02. The company had revenue of $326.30 million during the quarter, compared to the consensus estimate of $313.46 million. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The firm's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. As a group, research analysts forecast that PJT Partners Inc. will post 4.4 EPS for the current year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.62%. The ex-dividend date is Wednesday, December 4th. PJT Partners's payout ratio is 25.38%.

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.