Quantbot Technologies LP Acquires 8,104 Shares of PJT Partners Inc. (NYSE:PJT)

Quantbot Technologies LP increased its stake in PJT Partners Inc. (NYSE:PJT) by 106.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,737 shares of the financial services provider’s stock after purchasing an additional 8,104 shares during the period. Quantbot Technologies LP owned approximately 0.07% of PJT Partners worth $2,098,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Los Angeles Capital Management LLC bought a new position in shares of PJT Partners in the 3rd quarter worth $453,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in PJT Partners by 24.5% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 105,894 shares of the financial services provider’s stock valued at $11,427,000 after acquiring an additional 20,845 shares during the last quarter. Atria Investments Inc increased its stake in PJT Partners by 5.9% in the third quarter. Atria Investments Inc now owns 2,563 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 142 shares during the last quarter. AdvisorShares Investments LLC bought a new stake in PJT Partners during the second quarter worth about $535,000. Finally, Raymond James & Associates lifted its stake in PJT Partners by 5.4% during the third quarter. Raymond James & Associates now owns 115,268 shares of the financial services provider’s stock worth $15,370,000 after purchasing an additional 5,929 shares during the last quarter. 89.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at PJT Partners

In related news, Director Kenneth C. Whitney sold 1,725 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total transaction of $275,568.75. Following the transaction, the director now owns 9,100 shares in the company, valued at $1,453,725. The trade was a 15.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ji-Yeun Lee sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 61,433 shares of the company’s stock, valued at $7,301,312.05. This trade represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,766 shares of company stock worth $1,951,480 in the last 90 days. Company insiders own 11.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on PJT shares. 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 research report on Wednesday, October 9th. UBS Group boosted their price objective on shares of PJT Partners from $110.00 to $120.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, PJT Partners has an average rating of “Hold” and an average price target of $123.80.

PJT Partners Price Performance

Shares of PJT Partners stock opened at $165.19 on Friday. PJT Partners Inc. has a one year low of $85.87 and a one year high of $168.92. The business’s 50 day simple moving average is $146.85 and its two-hundred day simple moving average is $125.84. The stock has a market capitalization of $3.92 billion, a P/E ratio of 41.93 and a beta of 0.61.

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

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. PJT Partners’s payout ratio is presently 25.38%.

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.