PJT Partners Inc. (NYSE:PJT) Stock Position Increased by GAMMA Investing LLC

GAMMA Investing LLC grew its position in PJT Partners Inc. (NYSE:PJT) by 32.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 446 shares of the financial services provider’s stock after purchasing an additional 109 shares during the period. GAMMA Investing LLC’s holdings in PJT Partners were worth $70,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. State Street Corp boosted its stake in PJT Partners by 5.7% during the 3rd quarter. State Street Corp now owns 1,001,911 shares of the financial services provider’s stock valued at $133,595,000 after purchasing an additional 54,071 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of PJT Partners by 7.9% in the third quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider’s stock valued at $82,556,000 after buying an additional 45,327 shares during the period. Champlain Investment Partners LLC boosted its stake in PJT Partners by 7.4% during the third quarter. Champlain Investment Partners LLC now owns 594,359 shares of the financial services provider’s stock valued at $79,252,000 after buying an additional 41,119 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 worth $49,446,000 after acquiring an additional 22,117 shares during the period. Finally, FMR LLC raised its position in PJT Partners by 10.9% in the third quarter. FMR LLC now owns 417,271 shares of the financial services provider’s stock worth $55,639,000 after acquiring an additional 41,007 shares in the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. UBS Group upgraded shares of PJT Partners from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $130.00 to $175.00 in a report on Friday, December 6th. Keefe, Bruyette & Woods upped their price target on PJT Partners from $151.00 to $159.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Finally, JMP Securities raised their price objective on PJT Partners from $142.00 to $150.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th.

PJT Partners Stock Performance

NYSE:PJT opened at $154.90 on Friday. The firm’s 50-day moving average is $159.02 and its 200-day moving average is $137.61. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 39.31 and a beta of 0.66. PJT Partners Inc. has a 52-week low of $88.51 and a 52-week high of $168.92.

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

PJT Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.65%. PJT Partners’s dividend payout ratio (DPR) is presently 25.38%.

Insiders Place Their Bets

In other PJT Partners news, Director Kenneth C. Whitney sold 1,725 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was 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 of the company’s stock, valued at approximately $1,453,725. This represents a 15.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Costos sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $161.41, for a total value of $242,115.00. Following the completion of the transaction, the director now owns 9,360 shares in the company, valued at approximately $1,510,797.60. This represents a 13.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,766 shares of company stock valued at $762,980. 11.71% of the stock is currently owned by insiders.

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.