PJT Partners Inc. (NYSE:PJT) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp increased its stake in shares of PJT Partners Inc. (NYSE:PJT) by 23.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,249 shares of the financial services provider’s stock after buying an additional 1,387 shares during the period. Stifel Financial Corp’s holdings in PJT Partners were worth $967,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC boosted its stake in shares of PJT Partners by 7.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 594,359 shares of the financial services provider’s stock worth $79,252,000 after acquiring an additional 41,119 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in PJT Partners by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 458,216 shares of the financial services provider’s stock worth $49,446,000 after purchasing an additional 22,117 shares in the last quarter. FMR LLC grew its holdings in PJT Partners by 10.9% in the third quarter. FMR LLC now owns 417,271 shares of the financial services provider’s stock valued at $55,639,000 after purchasing an additional 41,007 shares during the last quarter. Congress Asset Management Co. increased its position in shares of PJT Partners by 29.6% in the third quarter. Congress Asset Management Co. now owns 317,974 shares of the financial services provider’s stock valued at $42,399,000 after buying an additional 72,582 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of PJT Partners by 3.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 300,964 shares of the financial services provider’s stock worth $40,119,000 after buying an additional 8,953 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PJT Partners

In related news, Director Kenneth C. Whitney sold 1,725 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total value of $275,568.75. Following the sale, the director now directly owns 9,100 shares of the company’s stock, valued at approximately $1,453,725. This trade represents a 15.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel David Adam Travin sold 1,541 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $159.18, for a total transaction of $245,296.38. The disclosure for this sale can be found here. Insiders sold 4,766 shares of company stock worth $762,980 in the last 90 days. 11.71% of the stock is owned by company insiders.

Analyst Ratings Changes

PJT has been the subject of several recent research reports. JMP Securities raised their target price on shares of PJT Partners from $142.00 to $150.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods raised their price objective on shares of PJT Partners from $151.00 to $159.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, UBS Group raised PJT Partners from a “sell” rating to a “neutral” rating and upped their target price for the company from $130.00 to $175.00 in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $141.00.

PJT Partners Stock Performance

Shares of PJT opened at $157.04 on Tuesday. PJT Partners Inc. has a 1 year low of $88.51 and a 1 year high of $168.92. The company’s 50 day simple moving average is $154.97 and its 200 day simple moving average is $132.83. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 39.86 and a beta of 0.65.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $326.30 million for the quarter, compared to analyst estimates of $313.46 million. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 EPS. Equities analysts expect that PJT Partners Inc. will post 4.4 EPS for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Wednesday, December 4th. PJT Partners’s payout ratio is 25.38%.

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.