International Assets Investment Management LLC Grows Stock Holdings in PJT Partners Inc. (NYSE:PJT)

International Assets Investment Management LLC boosted its position in PJT Partners Inc. (NYSE:PJT - Free Report) by 13,233.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,667 shares of the financial services provider's stock after acquiring an additional 10,587 shares during the quarter. International Assets Investment Management LLC's holdings in PJT Partners were worth $1,422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in PJT. Champlain Investment Partners LLC purchased a new stake in PJT Partners during the first quarter valued at about $43,029,000. Point72 Asset Management L.P. purchased a new stake in shares of PJT Partners during the second quarter worth about $13,803,000. Marshall Wace LLP bought a new position in PJT Partners in the second quarter worth about $5,801,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in PJT Partners by 36.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,049 shares of the financial services provider's stock worth $8,017,000 after buying an additional 22,556 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in PJT Partners by 116.0% in the first quarter. BNP Paribas Financial Markets now owns 41,251 shares of the financial services provider's stock worth $3,888,000 after buying an additional 22,157 shares in the last quarter. Institutional investors own 89.23% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PJT. The Goldman Sachs Group increased their price target on shares of PJT Partners from $115.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $128.00 price target (up from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. UBS Group increased their price target on shares of PJT Partners from $110.00 to $120.00 and gave the stock a "sell" rating in a research note on Tuesday, October 8th. Finally, JMP Securities increased their price target on shares of 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 equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $123.80.

Insider Buying and Selling

In related news, Director Grace Reksten Skaugen sold 2,015 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $124.86, for a total value of $251,592.90. Following the sale, the director now owns 500 shares in the company, valued at approximately $62,430. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Kievdi Don Cornwell sold 11,586 shares of PJT Partners stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $123.49, for a total transaction of $1,430,755.14. Following the transaction, the director now owns 8,339 shares in the company, valued at $1,029,783.11. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Grace Reksten Skaugen sold 2,015 shares of PJT Partners stock in a transaction 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 transaction, the director now owns 500 shares in the company, valued at $62,430. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,601 shares of company stock worth $2,870,848. 11.71% of the stock is owned by insiders.

PJT Partners Stock Performance

Shares of PJT traded up $1.36 on Tuesday, hitting $141.06. 194,045 shares of the stock traded hands, compared to its average volume of 232,316. The company has a market capitalization of $3.36 billion, a PE ratio of 35.46 and a beta of 0.61. The business has a 50 day simple moving average of $133.63 and a 200 day simple moving average of $118.29. PJT Partners Inc. has a one year low of $81.25 and a one year high of $151.10.

PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate 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 net margin of 8.03% and a return on equity of 18.79%. The firm's quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. On average, equities analysts expect that PJT Partners Inc. will post 4.4 earnings per share for the current year.

PJT Partners Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, December 4th. PJT Partners's dividend payout ratio is currently 25.38%.

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.