International Assets Investment Management LLC Purchases 10,587 Shares of PJT Partners Inc. (NYSE:PJT)

International Assets Investment Management LLC grew its position in shares of PJT Partners Inc. (NYSE:PJT) by 13,233.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,667 shares of the financial services provider’s stock after buying an additional 10,587 shares during the quarter. International Assets Investment Management LLC’s holdings in PJT Partners were worth $1,422,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC bought a new stake in shares of PJT Partners during the first quarter valued at approximately $43,029,000. Point72 Asset Management L.P. bought a new stake in shares of PJT Partners during the second quarter valued at approximately $13,803,000. Marshall Wace LLP bought a new stake in shares of PJT Partners during the second quarter valued at approximately $5,801,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of PJT Partners by 36.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,049 shares of the financial services provider’s stock valued at $8,017,000 after purchasing an additional 22,556 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of PJT Partners by 116.0% during the first quarter. BNP Paribas Financial Markets now owns 41,251 shares of the financial services provider’s stock valued at $3,888,000 after purchasing an additional 22,157 shares during the last quarter. 89.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on PJT. JMP Securities increased their price objective on shares of PJT Partners from $142.00 to $150.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. The Goldman Sachs Group increased their price objective on shares of PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $128.00 price objective (up from $108.00) on shares of PJT Partners in a report on Wednesday, July 31st. Finally, UBS Group increased their price objective on shares of PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $123.80.

Insider Buying and Selling

In related news, Director Grace Reksten Skaugen sold 2,015 shares of the firm’s stock in a transaction 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 in the company, valued at $62,430. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Grace Reksten Skaugen sold 2,015 shares of the firm’s stock in a transaction 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 in the company, valued at $62,430. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ji-Yeun Lee sold 10,000 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 61,433 shares in the company, valued at approximately $7,301,312.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,601 shares of company stock worth $2,870,848 over the last ninety days. Company insiders own 11.71% of the company’s stock.

PJT Partners Stock Performance

PJT opened at $139.70 on Tuesday. The firm’s fifty day moving average is $133.63 and its two-hundred day moving average is $118.29. The firm has a market cap of $3.32 billion, a PE ratio of 35.46 and a beta of 0.61. PJT Partners Inc. has a twelve month low of $81.25 and a twelve month high of $151.10.

PJT Partners (NYSE:PJT) last posted its earnings results 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. The company had revenue of $326.30 million for the quarter, compared to analyst estimates of $313.46 million. PJT Partners had a net margin of 8.03% and a return on equity of 18.98%. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share. Equities analysts forecast that PJT Partners Inc. will post 4.4 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, December 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.72%. PJT Partners’s payout ratio is 25.38%.

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.