BNP Paribas Financial Markets Trims Holdings in PJT Partners Inc. (NYSE:PJT)

BNP Paribas Financial Markets trimmed its stake in PJT Partners Inc. (NYSE:PJT) by 66.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,115 shares of the financial services provider’s stock after selling 21,632 shares during the period. BNP Paribas Financial Markets’ holdings in PJT Partners were worth $1,754,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in PJT. Barclays PLC raised its stake in shares of PJT Partners by 158.6% in the 3rd quarter. Barclays PLC now owns 52,045 shares of the financial services provider’s stock valued at $6,940,000 after acquiring an additional 31,922 shares during the period. Ellsworth Advisors LLC raised its stake in shares of PJT Partners by 3.8% in the 4th quarter. Ellsworth Advisors LLC now owns 5,647 shares of the financial services provider’s stock valued at $891,000 after acquiring an additional 205 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of PJT Partners by 4.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,080 shares of the financial services provider’s stock valued at $802,000 after acquiring an additional 200 shares during the period. Seneca House Advisors purchased a new stake in PJT Partners during the 4th quarter worth approximately $202,000. Finally, Linden Thomas Advisory Services LLC increased its stake in PJT Partners by 20.9% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 2,177 shares of the financial services provider’s stock worth $344,000 after buying an additional 376 shares during the period. 89.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $141.74, for a total value of $708,700.00. Following the sale, the general counsel now directly owns 2,288 shares of the company’s stock, valued at approximately $324,301.12. This represents a 68.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 11.75% of the company’s stock.

PJT Partners Stock Up 2.3%

Shares of PJT opened at $150.67 on Friday. PJT Partners Inc. has a fifty-two week low of $99.77 and a fifty-two week high of $190.28. The firm’s 50 day moving average price is $138.21 and its 200 day moving average price is $152.70. The company has a market cap of $3.51 billion, a P/E ratio of 30.75 and a beta of 0.76.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.11. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The firm had revenue of $324.50 million for the quarter, compared to the consensus estimate of $361.26 million. During the same period in the prior year, the firm earned $0.98 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Research analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Wednesday, June 4th. PJT Partners’s dividend payout ratio is presently 17.64%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their target price on shares of PJT Partners from $152.00 to $161.00 and gave the stock a “market perform” rating in a research note on Monday, May 12th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $154.50.

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.