PJT Partners Inc. (NYSE:PJT) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its stake in PJT Partners Inc. (NYSE:PJT) by 6,245.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,742 shares of the financial services provider’s stock after purchasing an additional 7,620 shares during the period. International Assets Investment Management LLC’s holdings in PJT Partners were worth $789,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AlphaMark Advisors LLC purchased a new position in shares of PJT Partners in the 4th quarter valued at $316,000. State of Alaska Department of Revenue acquired a new stake in shares of PJT Partners during the fourth quarter worth about $1,397,000. Amplius Wealth Advisors LLC purchased a new stake in shares of PJT Partners in the 4th quarter valued at about $247,000. Wesbanco Bank Inc. acquired a new stake in shares of PJT Partners in the 3rd quarter valued at about $694,000. Finally, Walleye Trading LLC grew its stake in PJT Partners by 1.2% during the 3rd quarter. Walleye Trading LLC now owns 11,271 shares of the financial services provider’s stock worth $895,000 after buying an additional 136 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PJT shares. UBS Group reissued a “sell” rating and issued a $75.00 price objective (down from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th. JMP Securities reiterated a “market outperform” rating and issued a $110.00 price target on shares of PJT Partners in a research report on Tuesday, April 9th. The Goldman Sachs Group reissued a “neutral” rating and set a $99.00 price objective (down from $108.00) on shares of PJT Partners in a research report on Tuesday, January 9th. Finally, Wolfe Research reaffirmed an “underperform” rating and issued a $89.00 target price on shares of PJT Partners in a report on Wednesday, January 3rd. Two 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $93.25.

Insider Activity

In related news, 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 transaction of $1,045,800.00. Following the transaction, the insider now owns 73,421 shares of the company’s stock, valued at $7,678,368.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Ji-Yeun Lee sold 10,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $104.58, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel David Adam Travin sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $93.21, for a total transaction of $466,050.00. Following the transaction, the general counsel now owns 1,541 shares in the company, valued at $143,636.61. The disclosure for this sale can be found here. Insiders sold 27,926 shares of company stock valued at $2,875,672 in the last three months. 10.67% of the stock is currently owned by company insiders.

PJT Partners Stock Performance

Shares of PJT opened at $95.78 on Wednesday. PJT Partners Inc. has a 1 year low of $59.61 and a 1 year high of $107.35. The stock has a market capitalization of $2.29 billion, a P/E ratio of 31.10 and a beta of 0.68. The company’s fifty day moving average is $97.69 and its two-hundred day moving average is $93.01.

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

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Tuesday, March 5th. PJT Partners’s dividend payout ratio (DPR) is 32.47%.

PJT Partners Company 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.