PJT Partners Inc. (NYSE:PJT) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 2.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 492,809 shares of the financial services provider's stock after selling 11,438 shares during the quarter. Loomis Sayles & Co. L P owned approximately 2.08% of PJT Partners worth $65,711,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PJT. SouthState Corp acquired a new stake in PJT Partners in the 2nd quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new position in shares of PJT Partners in the 2nd quarter valued at approximately $30,000. GAMMA Investing LLC boosted its position in shares of PJT Partners by 76.4% during the 3rd quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider's stock worth $45,000 after acquiring an additional 146 shares in the last quarter. KBC Group NV lifted its stake in PJT Partners by 113.0% during the third quarter. KBC Group NV now owns 803 shares of the financial services provider's stock worth $107,000 after purchasing an additional 426 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of PJT Partners during the 3rd quarter worth $213,000. Institutional investors own 89.23% of the company's stock.

Insider Transactions at PJT Partners

In related news, Director Kievdi Don Cornwell sold 11,586 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $123.49, for a total value of $1,430,755.14. Following the sale, the director now directly owns 8,339 shares of the company's stock, valued at $1,029,783.11. This represents a 58.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $245,296.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,352 shares of company stock valued at $3,382,235. 11.71% of the stock is currently owned by insiders.

PJT Partners Stock Up 2.5 %

Shares of PJT traded up $4.06 during trading hours on Monday, reaching $166.85. 319,651 shares of the company traded hands, compared to its average volume of 234,529. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 42.31 and a beta of 0.61. The company's fifty day moving average price is $144.06 and its two-hundred day moving average price is $124.36. PJT Partners Inc. has a 12 month low of $85.87 and a 12 month high of $168.92.

PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.93 EPS 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 for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 earnings per share. On average, analysts expect that PJT Partners Inc. will post 4.4 EPS for the current year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Wednesday, December 4th. PJT Partners's dividend payout ratio (DPR) is presently 25.38%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $128.00 price objective (up previously from $108.00) on shares of PJT Partners in a report on Wednesday, July 31st. UBS Group boosted 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. The Goldman Sachs Group raised their price target on shares of PJT Partners from $115.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. Finally, JMP Securities upped their price target on PJT Partners from $142.00 to $150.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 9th. Two analysts have 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.