Point72 Asset Management L.P. Takes $13.80 Million Position in PJT Partners Inc. (NYSE:PJT)

Point72 Asset Management L.P. bought a new stake in PJT Partners Inc. (NYSE:PJT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 127,915 shares of the financial services provider's stock, valued at approximately $13,803,000. Point72 Asset Management L.P. owned about 0.54% of PJT Partners as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund bought a new position in shares of PJT Partners in the 1st quarter valued at about $1,262,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in PJT Partners by 36.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,049 shares of the financial services provider's stock valued at $8,017,000 after purchasing an additional 22,556 shares during the last quarter. Champlain Investment Partners LLC bought a new position in PJT Partners in the first quarter valued at approximately $43,029,000. BNP Paribas Financial Markets increased its position in shares of PJT Partners by 116.0% during the 1st quarter. BNP Paribas Financial Markets now owns 41,251 shares of the financial services provider's stock worth $3,888,000 after purchasing an additional 22,157 shares during the last quarter. Finally, FORA Capital LLC acquired a new position in shares of PJT Partners during the 1st quarter worth approximately $647,000. Institutional investors own 89.23% of the company's stock.

PJT Partners Price Performance

PJT stock traded down $0.23 during midday trading on Tuesday, reaching $133.11. 153,302 shares of the company were exchanged, compared to its average volume of 235,541. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 36.74 and a beta of 0.61. The business has a 50-day moving average price of $124.76 and a two-hundred day moving average price of $110.10. PJT Partners Inc. has a one year low of $71.47 and a one year high of $137.19.

PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.49. The business had revenue of $360.00 million for the quarter, compared to analyst estimates of $281.93 million. PJT Partners had a net margin of 7.96% and a return on equity of 18.04%. PJT Partners's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 EPS. As a group, analysts anticipate that PJT Partners Inc. will post 4.35 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.00 annualized dividend and a yield of 0.75%. PJT Partners's dividend payout ratio (DPR) is presently 27.55%.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, Director Grace Reksten Skaugen sold 2,015 shares of PJT Partners stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $124.86, for a total value of $251,592.90. Following the completion of the sale, the director now owns 500 shares in the company, valued at approximately $62,430. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Grace Reksten Skaugen sold 2,015 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $124.86, for a total transaction of $251,592.90. Following the sale, the director now owns 500 shares of the company's stock, valued at $62,430. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Emily K. Rafferty sold 1,696 shares of the firm's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $130.79, for a total value of $221,819.84. Following the transaction, the director now owns 7,404 shares in the company, valued at approximately $968,369.16. The disclosure for this sale can be found here. Insiders have sold a total of 25,297 shares of company stock valued at $3,092,668 in the last ninety days. 10.67% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PJT has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reissued 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. JMP Securities lifted their price objective on shares of PJT Partners from $120.00 to $142.00 and gave the company a "market outperform" rating in a research report on Wednesday, July 31st. UBS Group boosted their price objective on shares of PJT Partners from $85.00 to $93.00 and gave the stock a "sell" rating in a research note on Tuesday, July 9th. Finally, The Goldman Sachs Group raised their target price on shares of PJT Partners from $115.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $116.80.

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.