4,734 Shares in PJT Partners Inc. (NYSE:PJT) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new position in PJT Partners Inc. (NYSE:PJT - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,734 shares of the financial services provider's stock, valued at approximately $631,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SouthState Corp purchased a new position in shares of PJT Partners during the second quarter worth approximately $26,000. Quarry LP grew its stake in PJT Partners by 186.3% in the third quarter. Quarry LP now owns 209 shares of the financial services provider's stock worth $28,000 after purchasing an additional 136 shares in the last quarter. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 146 shares during the period. KBC Group NV increased its holdings in PJT Partners by 113.0% during the 3rd 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 period. Finally, nVerses Capital LLC bought a new stake in PJT Partners during the 3rd quarter valued at $213,000. Institutional investors own 89.23% of the company's stock.

PJT Partners Price Performance

Shares of PJT stock traded down $1.92 during mid-day trading on Friday, hitting $163.91. 148,114 shares of the stock traded hands, compared to its average volume of 231,701. PJT Partners Inc. has a 52-week low of $88.51 and a 52-week high of $168.92. The stock has a market cap of $3.88 billion, a P/E ratio of 41.60 and a beta of 0.65. The stock's fifty day moving average is $153.12 and its two-hundred day moving average is $130.56.

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

PJT Partners Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently commented on PJT shares. UBS Group upgraded PJT Partners from a "sell" rating to a "neutral" rating and raised their price target for the company from $130.00 to $175.00 in a research note on Friday, December 6th. JMP Securities increased their target price on shares of PJT Partners from $142.00 to $150.00 and gave the stock a "market outperform" rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $134.80.

Insider Activity

In other news, Director James Costos sold 1,500 shares of the company's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $161.41, for a total value of $242,115.00. Following the sale, the director now owns 9,360 shares in the company, valued at $1,510,797.60. This represents a 13.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel David Adam Travin sold 1,541 shares of PJT Partners stock in a transaction that occurred on Friday, November 8th. The shares were 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. Insiders have sold a total of 4,766 shares of company stock worth $762,980 over the last 90 days. 11.71% of the stock is currently owned by corporate insiders.

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.