Quantbot Technologies LP Raises Stock Position in PJT Partners Inc. (NYSE:PJT)

Quantbot Technologies LP raised its position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 106.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,737 shares of the financial services provider's stock after purchasing an additional 8,104 shares during the quarter. Quantbot Technologies LP owned 0.07% of PJT Partners worth $2,098,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. FMR LLC lifted its position in shares of PJT Partners by 10.9% in the third quarter. FMR LLC now owns 417,271 shares of the financial services provider's stock valued at $55,639,000 after acquiring an additional 41,007 shares in the last quarter. D.A. Davidson & CO. bought a new stake in PJT Partners during the 3rd quarter valued at approximately $234,000. Champlain Investment Partners LLC raised its stake in PJT Partners by 7.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 594,359 shares of the financial services provider's stock valued at $79,252,000 after purchasing an additional 41,119 shares during the period. Citigroup Inc. lifted its holdings in PJT Partners by 101.1% in the 3rd quarter. Citigroup Inc. now owns 30,103 shares of the financial services provider's stock worth $4,014,000 after purchasing an additional 15,135 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in PJT Partners by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 252,090 shares of the financial services provider's stock worth $33,614,000 after purchasing an additional 11,707 shares during the period. 89.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PJT shares. JMP Securities lifted their price objective on shares of PJT Partners from $142.00 to $150.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 9th. UBS Group lifted their price target on shares of PJT Partners from $110.00 to $120.00 and gave the company a "sell" rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $123.80.

Insider Activity

In other news, insider Ji-Yeun Lee sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $118.85, for a total transaction of $1,188,500.00. Following the transaction, the insider now owns 61,433 shares of the company's stock, valued at approximately $7,301,312.05. This represents a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 value of $242,115.00. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,766 shares of company stock valued at $1,951,480. 11.71% of the stock is currently owned by company insiders.

PJT Partners Price Performance

Shares of NYSE PJT traded up $2.17 during midday trading on Friday, reaching $167.36. 107,048 shares of the stock traded hands, compared to its average volume of 233,818. The company's 50 day moving average is $146.85 and its 200 day moving average is $125.84. PJT Partners Inc. has a one year low of $85.98 and a one year high of $168.92. The stock has a market capitalization of $3.97 billion, a PE ratio of 42.38 and a beta of 0.61.

PJT Partners (NYSE:PJT - Get Free Report) last issued its quarterly earnings data 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 business 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%. The business's revenue was up 17.2% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. As a group, equities analysts forecast that PJT Partners Inc. will post 4.4 EPS for the current year.

PJT Partners Announces Dividend

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

About PJT Partners

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.