Bokf Na Raises Stock Holdings in PJT Partners Inc. (NYSE:PJT)

Bokf Na increased its stake in shares of PJT Partners Inc. (NYSE:PJT) by 88.2% in the second quarter, HoldingsChannel reports. The firm owned 5,461 shares of the financial services provider’s stock after buying an additional 2,560 shares during the period. Bokf Na’s holdings in PJT Partners were worth $589,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in PJT Partners by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,447,154 shares of the financial services provider’s stock valued at $230,669,000 after buying an additional 17,463 shares in the last quarter. Hsbc Holdings PLC increased its position in PJT Partners by 11,553.8% during the 4th quarter. Hsbc Holdings PLC now owns 510,089 shares of the financial services provider’s stock valued at $52,120,000 after buying an additional 505,712 shares in the last quarter. Champlain Investment Partners LLC acquired a new position in PJT Partners during the 1st quarter valued at about $43,029,000. Dimensional Fund Advisors LP increased its position in PJT Partners by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 421,860 shares of the financial services provider’s stock valued at $42,976,000 after buying an additional 8,857 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in PJT Partners by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 223,134 shares of the financial services provider’s stock valued at $22,731,000 after buying an additional 15,491 shares in the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at PJT Partners

In related news, Director Emily K. Rafferty sold 1,696 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $130.79, for a total value of $221,819.84. Following the completion of the transaction, the director now directly owns 7,404 shares in the company, valued at approximately $968,369.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Emily K. Rafferty sold 1,696 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $130.79, for a total value of $221,819.84. Following the completion of the sale, the director now owns 7,404 shares of the company’s stock, valued at approximately $968,369.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Grace Reksten Skaugen sold 2,015 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $124.86, for a total transaction of $251,592.90. Following the completion of the sale, the director now directly owns 500 shares of the company’s stock, valued at approximately $62,430. The disclosure for this sale can be found here. Insiders sold a total of 25,297 shares of company stock worth $3,092,668 in the last three months. Company insiders own 10.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PJT. JMP Securities upped their target price on PJT Partners from $120.00 to $142.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 31st. UBS Group upped their target price on PJT Partners from $85.00 to $93.00 and gave the company a “sell” rating in a research report on Tuesday, July 9th. The Goldman Sachs Group increased their price objective on PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $128.00 price objective (up from $108.00) on shares of PJT Partners in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, PJT Partners currently has a consensus rating of “Hold” and a consensus target price of $116.80.

PJT Partners Trading Up 3.5 %

Shares of NYSE:PJT opened at $124.34 on Monday. PJT Partners Inc. has a 12-month low of $71.47 and a 12-month high of $136.90. The company has a market capitalization of $2.96 billion, a PE ratio of 34.25 and a beta of 0.61. The business has a 50 day moving average of $120.75 and a two-hundred day moving average of $107.53.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.49. PJT Partners had a net margin of 7.96% and a return on equity of 18.04%. The firm had revenue of $360.00 million during the quarter, compared to analysts’ expectations of $281.93 million. During the same period in the previous year, the business posted $0.99 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. Equities research analysts predict that PJT Partners Inc. will post 4.35 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Wednesday, September 4th. PJT Partners’s dividend payout ratio is currently 27.55%.

About PJT Partners

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.