Mutual of America Capital Management LLC Sells 2,164 Shares of PJT Partners Inc. (NYSE:PJT)

Mutual of America Capital Management LLC cut its position in PJT Partners Inc. (NYSE:PJT) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,653 shares of the financial services provider’s stock after selling 2,164 shares during the quarter. Mutual of America Capital Management LLC owned about 0.20% of PJT Partners worth $5,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new stake in PJT Partners during the fourth quarter valued at approximately $232,000. Charles Schwab Investment Management Inc. grew its position in PJT Partners by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 223,134 shares of the financial services provider’s stock worth $22,731,000 after acquiring an additional 15,491 shares in the last quarter. Teacher Retirement System of Texas bought a new position in PJT Partners in the fourth quarter valued at $250,000. Dimensional Fund Advisors LP raised its position in PJT Partners by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 421,860 shares of the financial services provider’s stock valued at $42,976,000 after purchasing an additional 8,857 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in PJT Partners by 934.8% during the fourth quarter. Principal Financial Group Inc. now owns 129,872 shares of the financial services provider’s stock valued at $13,230,000 after purchasing an additional 117,322 shares in the last quarter. Institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Performance

Shares of PJT stock opened at $135.39 on Friday. The company’s fifty day moving average price is $122.82 and its 200-day moving average price is $108.52. The stock has a market cap of $3.22 billion, a PE ratio of 37.30 and a beta of 0.61. PJT Partners Inc. has a 12 month low of $71.47 and a 12 month high of $137.06.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.49. The firm had revenue of $360.00 million during the quarter, compared to the consensus estimate of $281.93 million. PJT Partners had a return on equity of 18.04% and a net margin of 7.96%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the company earned $0.99 earnings per share. On average, sell-side analysts forecast that PJT Partners Inc. will post 4.35 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Wednesday, September 4th. PJT Partners’s payout ratio is 27.55%.

Wall Street Analyst Weigh In

PJT has been the topic of several research reports. The Goldman Sachs Group boosted their target price on PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. JMP Securities increased their price objective 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. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $128.00 target price (up from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. Finally, UBS Group increased their price target on shares of PJT Partners from $85.00 to $93.00 and gave the company a “sell” rating in a research report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, PJT Partners currently has a consensus rating of “Hold” and an average price target of $116.80.

Insiders Place Their Bets

In related news, insider Ji-Yeun Lee sold 10,000 shares of PJT Partners stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $118.85, for a total value 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Ji-Yeun Lee sold 10,000 shares of the firm’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 value of $1,188,500.00. Following the transaction, the insider now owns 61,433 shares of the company’s stock, valued at $7,301,312.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Grace Reksten Skaugen sold 2,015 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $124.86, for a total transaction of $251,592.90. Following the sale, the director now directly owns 500 shares of the company’s stock, valued at $62,430. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,297 shares of company stock valued at $3,092,668. 10.67% of the stock is owned by insiders.

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.