Bank of Montreal Can Has $544,000 Holdings in PJT Partners Inc. (NYSE:PJT)

Bank of Montreal Can boosted its holdings in PJT Partners Inc. (NYSE:PJT) by 102.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,989 shares of the financial services provider’s stock after buying an additional 2,525 shares during the quarter. Bank of Montreal Can’s holdings in PJT Partners were worth $544,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PJT. Champlain Investment Partners LLC acquired a new stake in shares of PJT Partners during the first quarter valued at about $43,029,000. Vanguard Group Inc. boosted its stake in shares of PJT Partners by 15.0% during the fourth quarter. Vanguard Group Inc. now owns 2,429,691 shares of the financial services provider’s stock valued at $247,513,000 after purchasing an additional 317,437 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted 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 in the last quarter. BNP Paribas Financial Markets boosted 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of PJT Partners by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 458,216 shares of the financial services provider’s stock valued at $49,446,000 after purchasing an additional 22,117 shares in the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Stock Performance

Shares of PJT stock opened at $140.73 on Wednesday. The company has a market cap of $3.35 billion, a P/E ratio of 38.77 and a beta of 0.61. The stock has a 50 day simple moving average of $126.07 and a two-hundred day simple moving average of $111.79. PJT Partners Inc. has a fifty-two week low of $71.47 and a fifty-two week high of $141.85.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.49. The business 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 firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share. On average, research analysts predict that PJT Partners Inc. will post 4.35 earnings per share for the current 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. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.71%. PJT Partners’s payout ratio is currently 27.55%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $128.00 price target (up from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. JMP Securities raised their price objective on PJT Partners from $120.00 to $142.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 31st. UBS Group raised their price objective on PJT Partners from $110.00 to $120.00 and gave the stock a “sell” rating in a research report on Tuesday. Finally, The Goldman Sachs Group raised their price objective on PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $122.20.

Insiders Place Their Bets

In other PJT Partners news, Director Emily K. Rafferty sold 1,696 shares of PJT Partners stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $130.79, for a total value of $221,819.84. Following the completion of the sale, the director now directly owns 7,404 shares in the company, valued at approximately $968,369.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Emily K. Rafferty sold 1,696 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $130.79, for a total transaction of $221,819.84. Following the completion of the sale, the director now owns 7,404 shares in the company, valued at $968,369.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ji-Yeun Lee sold 10,000 shares of the business’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 sale, the insider now owns 61,433 shares of the company’s stock, valued at approximately $7,301,312.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,297 shares of company stock worth $3,092,668. 10.67% of the stock is owned by corporate 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.