PJT Partners Inc. (NYSE:PJT) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in shares of PJT Partners Inc. (NYSE:PJT) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 458,216 shares of the financial services provider’s stock after purchasing an additional 22,117 shares during the quarter. Dimensional Fund Advisors LP’s holdings in PJT Partners were worth $49,446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PJT. Vanguard Group Inc. lifted its holdings 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 worth $230,669,000 after buying an additional 17,463 shares during the last quarter. Champlain Investment Partners LLC purchased a new stake in shares of PJT Partners in the 1st quarter valued at about $43,029,000. Klingman & Associates LLC lifted its holdings 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 valued at $14,804,000 after purchasing an additional 7,754 shares during the last quarter. Principal Financial Group Inc. lifted its holdings 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 valued at $12,915,000 after purchasing an additional 7,144 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of PJT Partners by 13.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 108,522 shares of the financial services provider’s stock valued at $11,711,000 after purchasing an additional 12,991 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PJT Partners news, insider Ji-Yeun Lee sold 10,000 shares of PJT Partners stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $118.85, for a total transaction of $1,188,500.00. Following the transaction, the insider now directly owns 61,433 shares in the company, valued at approximately $7,301,312.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Grace Reksten Skaugen sold 2,015 shares of PJT Partners stock in a transaction on Monday, August 26th. The shares were sold at an average price of $124.86, for a total value of $251,592.90. Following the completion of the sale, the director now owns 500 shares of the company’s stock, valued at approximately $62,430. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ji-Yeun Lee sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $118.85, for a total transaction of $1,188,500.00. Following the transaction, the insider now directly owns 61,433 shares of the company’s stock, valued at approximately $7,301,312.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,297 shares of company stock worth $3,092,668. Corporate insiders own 10.67% of the company’s stock.

PJT Partners Trading Down 0.0 %

PJT opened at $133.81 on Monday. The business’s 50 day moving average is $124.46 and its 200-day moving average is $109.76. The stock has a market cap of $3.18 billion, a PE ratio of 36.86 and a beta of 0.61. PJT Partners Inc. has a twelve month low of $71.47 and a twelve month high of $137.19.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.49. The firm had revenue of $360.00 million for 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 firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. As a group, analysts forecast that PJT Partners Inc. will post 4.35 EPS for the current year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a $0.25 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $1.00 annualized dividend and a yield of 0.75%. PJT Partners’s dividend payout ratio (DPR) is 27.55%.

Wall Street Analysts Forecast Growth

PJT has been the subject of several analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $128.00 price objective (up from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. 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 note 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 note on Tuesday, July 9th. Finally, The Goldman Sachs Group increased their price target on PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $116.80.

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.