PJT Partners Inc. (NYSE:PJT) Shares Purchased by KBC Group NV

KBC Group NV boosted its stake in shares of PJT Partners Inc. (NYSE:PJT) by 113.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 803 shares of the financial services provider’s stock after acquiring an additional 426 shares during the quarter. KBC Group NV’s holdings in PJT Partners were worth $107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PJT. SouthState Corp purchased a new position in PJT Partners in the second quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of PJT Partners in the second quarter worth approximately $30,000. GAMMA Investing LLC increased its position in PJT Partners by 76.4% during the third quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 146 shares during the last quarter. Shell Asset Management Co. boosted its holdings in shares of PJT Partners by 41.0% in the 1st quarter. Shell Asset Management Co. now owns 2,074 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 603 shares during the last quarter. Finally, OLD National Bancorp IN purchased a new stake in shares of PJT Partners during the 2nd quarter valued at $204,000. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PJT has been the subject of a number of research reports. JMP Securities boosted their target price on PJT Partners from $142.00 to $150.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. UBS Group upped their price objective 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. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $128.00 price target (up previously from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group lifted their price objective on PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $123.80.

PJT Partners Stock Performance

NYSE:PJT opened at $161.06 on Friday. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 40.88 and a beta of 0.61. The stock has a 50-day simple moving average of $142.47 and a 200 day simple moving average of $123.31. PJT Partners Inc. has a one year low of $83.88 and a one year high of $163.85.

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

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.25 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. PJT Partners’s dividend payout ratio (DPR) is 25.38%.

Insider Activity at PJT Partners

In other news, insider Ji-Yeun Lee sold 10,000 shares of the business’s 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 sale, the insider now owns 61,433 shares in the company, valued at $7,301,312.05. The trade was a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kievdi Don Cornwell sold 11,586 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $123.49, for a total transaction of $1,430,755.14. Following the sale, the director now directly owns 8,339 shares in the company, valued at approximately $1,029,783.11. This trade represents a 58.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,367 shares of company stock valued at $3,633,828 over the last 90 days. 11.71% of the stock is currently owned by corporate 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.