Mutual of America Capital Management LLC Increases Stock Position in PJT Partners Inc. (NYSE:PJT)

Mutual of America Capital Management LLC boosted its stake in PJT Partners Inc. (NYSE:PJT) by 3.8% during the fourth quarter, HoldingsChannel reports. The firm owned 49,336 shares of the financial services provider’s stock after buying an additional 1,827 shares during the period. Mutual of America Capital Management LLC’s holdings in PJT Partners were worth $5,026,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PJT. State of Alaska Department of Revenue bought a new position in PJT Partners during the fourth quarter valued at approximately $1,397,000. Dark Forest Capital Management LP grew its position in PJT Partners by 90.2% during the third quarter. Dark Forest Capital Management LP now owns 24,433 shares of the financial services provider’s stock valued at $1,941,000 after acquiring an additional 11,589 shares during the last quarter. Schroder Investment Management Group grew its position in PJT Partners by 22.1% during the third quarter. Schroder Investment Management Group now owns 371,730 shares of the financial services provider’s stock valued at $29,530,000 after acquiring an additional 67,197 shares during the last quarter. Chartwell Investment Partners LLC bought a new position in PJT Partners during the third quarter valued at approximately $8,676,000. Finally, Deutsche Bank AG grew its position in PJT Partners by 13.6% during the third quarter. Deutsche Bank AG now owns 12,723 shares of the financial services provider’s stock valued at $1,011,000 after acquiring an additional 1,521 shares during the last quarter. 89.23% of the stock is owned by hedge funds and other institutional investors.

PJT Partners Stock Down 3.1 %

NYSE:PJT opened at $93.02 on Monday. The stock has a market cap of $2.23 billion, a P/E ratio of 30.20 and a beta of 0.68. The firm’s fifty day simple moving average is $98.24 and its 200 day simple moving average is $92.30. PJT Partners Inc. has a twelve month low of $59.61 and a twelve month high of $107.35.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.20. The business had revenue of $328.60 million for the quarter, compared to analysts’ expectations of $304.26 million. PJT Partners had a net margin of 7.09% and a return on equity of 17.44%. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 earnings per share. On average, analysts expect that PJT Partners Inc. will post 3.85 EPS for the current fiscal year.

PJT Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Tuesday, March 5th. PJT Partners’s dividend payout ratio is currently 32.47%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group restated a “sell” rating and issued a $75.00 target price (down previously from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th. The Goldman Sachs Group restated a “neutral” rating and issued a $99.00 target price (down previously from $108.00) on shares of PJT Partners in a report on Tuesday, January 9th. Wolfe Research restated an “underperform” rating and issued a $89.00 target price on shares of PJT Partners in a report on Wednesday, January 3rd. Finally, JMP Securities restated a “market outperform” rating and issued a $110.00 target price on shares of PJT Partners in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $93.25.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, CFO Helen T. Meates sold 12,926 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $105.51, for a total transaction of $1,363,822.26. Following the completion of the transaction, the chief financial officer now owns 48,821 shares of the company’s stock, valued at $5,151,103.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $93.21, for a total transaction of $466,050.00. Following the completion of the transaction, the general counsel now owns 1,541 shares of the company’s stock, valued at $143,636.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Helen T. Meates sold 12,926 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $105.51, for a total value of $1,363,822.26. Following the transaction, the chief financial officer now directly owns 48,821 shares of the company’s stock, valued at approximately $5,151,103.71. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,926 shares of company stock valued at $2,875,672. 10.67% of the stock is currently owned by company 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.