GAMMA Investing LLC Buys 109 Shares of PJT Partners Inc. (NYSE:PJT)

GAMMA Investing LLC lifted its stake in shares of PJT Partners Inc. (NYSE:PJT) by 32.3% in the 4th quarter, Holdings Channel reports. The fund owned 446 shares of the financial services provider’s stock after acquiring an additional 109 shares during the quarter. GAMMA Investing LLC’s holdings in PJT Partners were worth $70,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PJT. State Street Corp increased its holdings in PJT Partners by 5.7% during the 3rd quarter. State Street Corp now owns 1,001,911 shares of the financial services provider’s stock worth $133,595,000 after purchasing an additional 54,071 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of PJT Partners by 7.9% during the third quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider’s stock worth $82,556,000 after buying an additional 45,327 shares during the period. Champlain Investment Partners LLC grew its holdings in shares of PJT Partners by 7.4% during the third quarter. Champlain Investment Partners LLC now owns 594,359 shares of the financial services provider’s stock worth $79,252,000 after buying an additional 41,119 shares in the last quarter. Dimensional Fund Advisors LP raised its position in 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 valued at $49,446,000 after buying an additional 22,117 shares during the last quarter. Finally, FMR LLC lifted its stake in PJT Partners by 10.9% in the 3rd quarter. FMR LLC now owns 417,271 shares of the financial services provider’s stock valued at $55,639,000 after acquiring an additional 41,007 shares in the last quarter. 89.23% of the stock is currently owned by institutional investors and hedge funds.

PJT Partners Trading Down 2.2 %

Shares of PJT opened at $154.90 on Friday. PJT Partners Inc. has a 12 month low of $88.51 and a 12 month high of $168.92. The firm’s 50 day moving average is $159.02 and its 200-day moving average is $137.61. The stock has a market capitalization of $3.67 billion, a PE ratio of 39.31 and a beta of 0.66.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The business had revenue of $326.30 million during the quarter, compared to analysts’ expectations of $313.46 million. During the same quarter in the prior year, the business posted $0.78 earnings per share. PJT Partners’s revenue was up 17.2% compared to the same quarter last year. Equities research analysts predict that PJT Partners Inc. will post 4.4 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Wednesday, December 4th. PJT Partners’s dividend payout ratio (DPR) is presently 25.38%.

Insider Activity at PJT Partners

In related news, General Counsel David Adam Travin sold 1,541 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $159.18, for a total transaction of $245,296.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James Costos sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $161.41, for a total value of $242,115.00. Following the sale, the director now owns 9,360 shares in the company, valued at approximately $1,510,797.60. This trade represents a 13.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,766 shares of company stock valued at $762,980. 11.71% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group upgraded shares of PJT Partners from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $130.00 to $175.00 in a report on Friday, December 6th. JMP Securities lifted 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 note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of PJT Partners from $151.00 to $159.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th.

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.