Yousif Capital Management LLC Invests $1.13 Million in PJT Partners Inc. (NYSE:PJT)

Yousif Capital Management LLC acquired a new position in shares of PJT Partners Inc. (NYSE:PJT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 11,050 shares of the financial services provider’s stock, valued at approximately $1,126,000.

Other hedge funds have also bought and sold shares of the company. Handelsbanken Fonder AB boosted its position in PJT Partners by 65.4% during the fourth quarter. Handelsbanken Fonder AB now owns 4,300 shares of the financial services provider’s stock valued at $438,000 after acquiring an additional 1,700 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of PJT Partners in the 4th quarter valued at about $1,397,000. Dark Forest Capital Management LP boosted its position in shares of PJT Partners by 90.2% during the 3rd quarter. Dark Forest Capital Management LP now owns 24,433 shares of the financial services provider’s stock valued at $1,941,000 after purchasing an additional 11,589 shares in the last quarter. Schroder Investment Management Group grew its stake 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 worth $29,530,000 after purchasing an additional 67,197 shares during the period. Finally, Chartwell Investment Partners LLC bought a new stake in PJT Partners in the third quarter worth approximately $8,676,000. Institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Performance

Shares of PJT Partners stock opened at $99.53 on Friday. PJT Partners Inc. has a 52 week low of $59.61 and a 52 week high of $107.35. The stock has a 50 day moving average price of $96.57 and a two-hundred day moving average price of $93.78. The stock has a market capitalization of $2.38 billion, a PE ratio of 32.32 and a beta of 0.67.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.53. PJT Partners had a net margin of 7.09% and a return on equity of 17.44%. The business had revenue of $329.39 million during the quarter, compared to the consensus estimate of $229.32 million. During the same quarter last year, the firm posted $0.54 EPS. PJT Partners’s revenue was up 64.7% compared to the same quarter last year. Research analysts forecast 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 will be paid on Thursday, June 20th. Investors of record on Wednesday, June 5th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.00%. PJT Partners’s dividend payout ratio is presently 32.47%.

Wall Street Analyst Weigh In

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

Insider Activity at PJT Partners

In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of PJT Partners 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 completion of the transaction, the general counsel now owns 1,541 shares in the company, valued at approximately $143,636.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Helen T. Meates sold 12,926 shares of the company’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 completion of the sale, the chief financial officer now owns 48,821 shares in the company, valued at approximately $5,151,103.71. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel David Adam Travin sold 5,000 shares of the firm’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 transaction, the general counsel now directly owns 1,541 shares in the company, valued at $143,636.61. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,926 shares of company stock valued at $2,875,672. 10.67% of the stock is owned by corporate insiders.

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.