Charles Schwab Investment Management Inc. Purchases 11,707 Shares of PJT Partners Inc. (NYSE:PJT)

Charles Schwab Investment Management Inc. raised its stake in PJT Partners Inc. (NYSE:PJT - Free Report) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 252,090 shares of the financial services provider's stock after buying an additional 11,707 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.06% of PJT Partners worth $33,614,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of PJT. Point72 Asset Management L.P. bought a new position in shares of PJT Partners in the second quarter valued at $13,803,000. Congress Asset Management Co. grew its position in PJT Partners by 29.6% during the 3rd quarter. Congress Asset Management Co. now owns 317,974 shares of the financial services provider's stock worth $42,399,000 after purchasing an additional 72,582 shares in the last quarter. Marshall Wace LLP purchased a new position in PJT Partners during the 2nd quarter worth approximately $5,801,000. Dimensional Fund Advisors LP grew its position in PJT Partners by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 458,216 shares of the financial services provider's stock worth $49,446,000 after purchasing an additional 22,117 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in PJT Partners by 24.5% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 105,894 shares of the financial services provider's stock worth $11,427,000 after purchasing an additional 20,845 shares in the last quarter. Institutional investors own 89.23% of the company's stock.

Insider Activity

In other news, Director James Costos sold 1,500 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $161.41, for a total transaction of $242,115.00. Following the completion of the transaction, the director now owns 9,360 shares of the company's stock, valued at approximately $1,510,797.60. This represents a 13.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth C. Whitney sold 1,725 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total transaction of $275,568.75. Following the transaction, the director now directly owns 9,100 shares of the company's stock, valued at $1,453,725. This represents a 15.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,766 shares of company stock valued at $762,980. Insiders own 11.71% of the company's stock.

PJT Partners Price Performance

NYSE:PJT traded up $0.01 during trading hours on Wednesday, reaching $161.09. The company's stock had a trading volume of 147,928 shares, compared to its average volume of 233,791. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 40.88 and a beta of 0.65. PJT Partners Inc. has a one year low of $88.51 and a one year high of $168.92. The business's 50-day moving average is $148.58 and its 200-day moving average is $127.54.

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 firm had revenue of $326.30 million during the quarter, compared to analyst estimates of $313.46 million. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The business's revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. On average, sell-side analysts predict that PJT Partners Inc. will post 4.4 EPS for the current fiscal year.

PJT Partners Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently commented on PJT. JMP Securities boosted their price target on shares of 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 boosted their price target on shares of PJT Partners from $110.00 to $120.00 and gave the company a "sell" rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $123.80.

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.