Everence Capital Management Inc. Has $319,000 Stock Holdings in PJT Partners Inc. (NYSE:PJT)

Everence Capital Management Inc. boosted its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 9.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,390 shares of the financial services provider’s stock after buying an additional 210 shares during the period. Everence Capital Management Inc.’s holdings in PJT Partners were worth $319,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of PJT Partners by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,447,154 shares of the financial services provider’s stock worth $230,669,000 after acquiring an additional 17,463 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of PJT Partners by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 458,216 shares of the financial services provider’s stock worth $49,446,000 after acquiring an additional 22,117 shares in the last quarter. Champlain Investment Partners LLC bought a new stake in shares of PJT Partners in the 1st quarter worth $43,029,000. Klingman & Associates LLC grew its stake in shares of PJT Partners by 5.2% in the 1st quarter. Klingman & Associates LLC now owns 157,056 shares of the financial services provider’s stock worth $14,804,000 after acquiring an additional 7,754 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of PJT Partners by 5.5% in the 1st quarter. Principal Financial Group Inc. now owns 137,016 shares of the financial services provider’s stock worth $12,915,000 after acquiring an additional 7,144 shares in the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. JMP Securities increased their price target on shares of PJT Partners from $142.00 to $150.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. UBS Group increased their price target on shares of PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $128.00 price target (up previously from $108.00) on shares of PJT Partners in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $123.80.

PJT Partners Stock Down 1.0 %

Shares of NYSE:PJT opened at $147.06 on Tuesday. The firm has a market capitalization of $3.53 billion, a PE ratio of 40.51 and a beta of 0.61. PJT Partners Inc. has a twelve month low of $71.47 and a twelve month high of $151.10. The company has a 50-day moving average price of $130.18 and a two-hundred day moving average price of $115.05.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.49. The firm had revenue of $360.00 million during the quarter, compared to analyst estimates of $281.93 million. PJT Partners had a net margin of 7.96% and a return on equity of 18.04%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $0.99 earnings per share. Analysts anticipate that PJT Partners Inc. will post 4.35 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.68%. PJT Partners’s dividend payout ratio is presently 27.55%.

Insiders Place Their Bets

In other news, insider Ji-Yeun Lee sold 10,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $118.85, for a total value of $1,188,500.00. Following the sale, the insider now directly owns 61,433 shares of the company’s stock, valued at approximately $7,301,312.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Ji-Yeun Lee sold 10,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $118.85, for a total value of $1,188,500.00. Following the sale, the insider now directly owns 61,433 shares of the company’s stock, valued at approximately $7,301,312.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Grace Reksten Skaugen sold 2,015 shares of the stock in a transaction dated 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 in the company, valued at approximately $62,430. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,297 shares of company stock worth $3,092,668 over the last quarter. 10.67% of the stock is currently owned by company 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.