BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 11,337 Shares of PJT Partners Inc. (NYSE:PJT)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 10.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 117,231 shares of the financial services provider's stock after buying an additional 11,337 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.49% of PJT Partners worth $15,631,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PJT. Point72 Asset Management L.P. bought a new position in shares of PJT Partners in the second quarter worth about $13,803,000. Congress Asset Management Co. increased 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 bought a new position in PJT Partners in the 2nd quarter valued at approximately $5,801,000. Dimensional Fund Advisors LP boosted its position in PJT Partners by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 458,216 shares of the financial services provider's stock valued at $49,446,000 after buying an additional 22,117 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of PJT Partners by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,447,154 shares of the financial services provider's stock worth $230,669,000 after buying an additional 17,463 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Stock Up 1.2 %

Shares of NYSE PJT traded up $1.98 during trading on Friday, reaching $162.79. The company had a trading volume of 336,202 shares, compared to its average volume of 248,809. The stock has a market cap of $3.86 billion, a P/E ratio of 41.32 and a beta of 0.61. The company's fifty day moving average price is $144.06 and its 200-day moving average price is $124.19. PJT Partners Inc. has a 12 month low of $84.57 and a 12 month high of $163.85.

PJT Partners (NYSE:PJT - Get Free Report) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The business had revenue of $326.30 million for the quarter, compared to analysts' expectations of $313.46 million. During the same period in the prior year, the business posted $0.78 earnings per share. The firm's revenue was up 17.2% on a year-over-year basis. As a group, equities analysts predict that PJT Partners Inc. will post 4.4 earnings per share for the current year.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Wednesday, December 4th. PJT Partners's dividend payout ratio is presently 25.38%.

Wall Street Analyst Weigh In

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

Insider Activity at PJT Partners

In other PJT Partners news, Director James Costos sold 1,500 shares of PJT Partners stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $161.41, for a total value of $242,115.00. Following the completion of the sale, the director now directly owns 9,360 shares in the company, valued at approximately $1,510,797.60. The trade was a 13.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $251,592.90. Following the transaction, the director now owns 500 shares in the company, valued at $62,430. The trade was a 80.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,367 shares of company stock worth $3,633,828 over the last quarter. Company insiders own 11.71% of the company's stock.

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.