Mirae Asset Global Investments Co. Ltd. Buys 374 Shares of PJT Partners Inc. (NYSE:PJT)

Mirae Asset Global Investments Co. Ltd. lifted its position in PJT Partners Inc. (NYSE:PJT) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,683 shares of the financial services provider’s stock after buying an additional 374 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in PJT Partners were worth $1,088,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PJT. Clearbridge Investments LLC increased its stake in shares of PJT Partners by 6.7% during the 3rd quarter. Clearbridge Investments LLC now owns 1,104,971 shares of the financial services provider’s stock worth $87,779,000 after purchasing an additional 68,951 shares during the last quarter. Eagle Asset Management Inc. raised its stake in PJT Partners by 7.7% in the third quarter. Eagle Asset Management Inc. now owns 969,694 shares of the financial services provider’s stock valued at $77,032,000 after buying an additional 69,485 shares during the period. FMR LLC lifted its position in shares of PJT Partners by 5.9% in the third quarter. FMR LLC now owns 381,964 shares of the financial services provider’s stock valued at $30,343,000 after buying an additional 21,392 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of PJT Partners by 22.1% during the 3rd quarter. Schroder Investment Management Group now owns 371,730 shares of the financial services provider’s stock worth $29,530,000 after acquiring an additional 67,197 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of PJT Partners by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 207,643 shares of the financial services provider’s stock worth $16,495,000 after acquiring an additional 2,352 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on PJT. Wolfe Research reaffirmed an “underperform” rating and set a $89.00 price objective on shares of PJT Partners in a research report on Wednesday, January 3rd. UBS Group reiterated a “sell” rating and issued a $75.00 price target (down previously from $100.00) on shares of PJT Partners in a research note on Tuesday, March 26th. The Goldman Sachs Group restated a “neutral” rating and set a $99.00 price objective (down previously from $108.00) on shares of PJT Partners in a report on Tuesday, January 9th. Finally, JMP Securities reiterated a “market outperform” rating and set a $110.00 target price on shares of PJT Partners in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $93.25.

PJT Partners Stock Up 4.0 %

Shares of PJT Partners stock opened at $95.40 on Tuesday. The company has a 50-day simple moving average of $97.73 and a two-hundred day simple moving average of $92.89. PJT Partners Inc. has a twelve month low of $59.61 and a twelve month high of $107.35. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 30.97 and a beta of 0.68.

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 analysts’ consensus estimates of $0.76 by $0.20. The company had revenue of $328.60 million during the quarter, compared to the consensus estimate of $304.26 million. PJT Partners had a net margin of 7.09% and a return on equity of 17.44%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 earnings per share. On average, sell-side analysts anticipate that PJT Partners Inc. will post 3.85 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Tuesday, March 5th. PJT Partners’s dividend payout ratio (DPR) is currently 32.47%.

Insider Buying and Selling

In related news, General Counsel David Adam Travin sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $93.21, for a total transaction of $466,050.00. Following the completion of the sale, the general counsel now owns 1,541 shares of the company’s stock, valued at $143,636.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, General Counsel David Adam Travin sold 5,000 shares of PJT Partners stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $93.21, for a total value of $466,050.00. Following the transaction, the general counsel now directly 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 hyperlink. Also, insider Ji-Yeun Lee sold 10,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $104.58, for a total value of $1,045,800.00. Following the sale, the insider now owns 73,421 shares of the company’s stock, valued at $7,678,368.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,926 shares of company stock worth $2,875,672. Company insiders own 10.67% 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.