Intech Investment Management LLC Makes New $689,000 Investment in PJT Partners Inc. (NYSE:PJT)

Intech Investment Management LLC purchased a new stake in PJT Partners Inc. (NYSE:PJT - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,170 shares of the financial services provider's stock, valued at approximately $689,000.

Other large investors also recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new position in PJT Partners during the second quarter valued at $13,803,000. Congress Asset Management Co. lifted its stake in PJT Partners by 29.6% in the 3rd quarter. Congress Asset Management Co. now owns 317,974 shares of the financial services provider's stock valued at $42,399,000 after buying an additional 72,582 shares in the last quarter. Marshall Wace LLP acquired a new stake in PJT Partners in the 2nd quarter worth about $5,801,000. Dimensional Fund Advisors LP increased its stake 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 buying an additional 22,117 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of PJT Partners by 24.5% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 105,894 shares of the financial services provider's stock valued at $11,427,000 after acquiring an additional 20,845 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company's stock.

PJT Partners Trading Up 1.3 %

NYSE:PJT traded up $2.17 during trading hours on Friday, hitting $167.36. The company had a trading volume of 107,048 shares, compared to its average volume of 233,818. PJT Partners Inc. has a 1 year low of $85.98 and a 1 year high of $168.92. The company has a market cap of $3.97 billion, a P/E ratio of 42.48 and a beta of 0.61. The company has a 50-day moving average of $147.49 and a 200 day moving average of $126.30.

PJT Partners (NYSE:PJT - Get Free Report) last released 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. The firm had revenue of $326.30 million during the quarter, compared to analysts' expectations of $313.46 million. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. PJT Partners's revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business earned $0.78 earnings per share. On average, analysts forecast that PJT Partners Inc. will post 4.4 earnings per share for the current year.

PJT Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Wednesday, December 4th. PJT Partners's dividend payout ratio is presently 25.38%.

Analyst Ratings Changes

Several research analysts recently commented on PJT shares. JMP Securities increased their price objective on PJT Partners from $142.00 to $150.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 9th. UBS Group increased their target price on shares of PJT Partners from $110.00 to $120.00 and gave the company a "sell" rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $123.80.

Insider Buying and Selling

In other news, Director Kenneth C. Whitney sold 1,725 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total value of $275,568.75. Following the transaction, the director now directly owns 9,100 shares in the company, valued at approximately $1,453,725. This represents a 15.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James Costos sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $161.41, for a total transaction of $242,115.00. Following the transaction, the director now directly owns 9,360 shares of the company's stock, valued at $1,510,797.60. The trade was a 13.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,766 shares of company stock worth $1,951,480. Company insiders own 11.71% of the company's stock.

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.