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

KBC Group NV boosted its stake in PJT Partners Inc. (NYSE:PJT) by 25.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,007 shares of the financial services provider’s stock after acquiring an additional 204 shares during the period. KBC Group NV’s holdings in PJT Partners were worth $159,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP increased its position in shares of PJT Partners by 186.3% in the 3rd quarter. Quarry LP now owns 209 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 136 shares during the last quarter. GAMMA Investing LLC increased its holdings in PJT Partners by 76.4% in the third quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider’s stock valued at $45,000 after buying an additional 146 shares during the last quarter. Seneca House Advisors acquired a new stake in PJT Partners during the fourth quarter valued at approximately $202,000. nVerses Capital LLC bought a new position in PJT Partners during the 3rd quarter worth approximately $213,000. Finally, D.A. Davidson & CO. acquired a new position in shares of PJT Partners in the 3rd quarter worth approximately $234,000. 89.23% of the stock is currently owned by institutional investors.

PJT Partners Stock Performance

Shares of PJT opened at $176.94 on Thursday. The firm has a fifty day moving average of $160.83 and a 200-day moving average of $144.28. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 44.91 and a beta of 0.67. PJT Partners Inc. has a 1 year low of $88.51 and a 1 year high of $190.27.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.71. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The firm had revenue of $477.30 million during the quarter, compared to analyst estimates of $384.64 million. During the same period in the previous year, the business posted $0.96 EPS. PJT Partners’s revenue was up 45.3% on a year-over-year basis. Analysts predict that PJT Partners Inc. will post 4.2 EPS for the current year.

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, March 5th. PJT Partners’s dividend payout ratio is currently 25.38%.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, Director Kenneth C. Whitney sold 1,725 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $159.75, for a total value of $275,568.75. Following the completion of the sale, the director now directly owns 9,100 shares in the company, valued at $1,453,725. This represents a 15.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel David Adam Travin sold 1,541 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $159.18, for a total value of $245,296.38. The disclosure for this sale can be found here. 11.71% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citizens Jmp cut PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. UBS Group raised shares of PJT Partners from a “sell” rating to a “neutral” rating and increased their target price for the stock from $130.00 to $175.00 in a report on Friday, December 6th. JMP Securities lowered shares of PJT Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of PJT Partners from $152.00 to $177.00 and gave the stock a “market perform” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, PJT Partners presently has an average rating of “Hold” and a consensus target price of $158.50.

PJT Partners 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.