PJT Partners Inc. $PJT Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of PJT Partners Inc. (NYSE:PJT) by 2.5% in the fourth quarter, HoldingsChannel reports. The fund owned 682,886 shares of the financial services provider’s stock after buying an additional 16,388 shares during the quarter. Geode Capital Management LLC’s holdings in PJT Partners were worth $114,195,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PJT. Aster Capital Management DIFC Ltd acquired a new position in shares of PJT Partners during the 3rd quarter valued at about $33,000. Allworth Financial LP increased its stake in shares of PJT Partners by 85.8% during the 4th quarter. Allworth Financial LP now owns 288 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 133 shares during the last quarter. State of Wyoming acquired a new stake in PJT Partners during the 2nd quarter worth approximately $63,000. Exchange Traded Concepts LLC acquired a new stake in PJT Partners during the 4th quarter worth approximately $86,000. Finally, Quadrant Capital Group LLC acquired a new stake in PJT Partners during the 3rd quarter worth approximately $90,000. Institutional investors and hedge funds own 89.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of PJT Partners from $166.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Weiss Ratings reissued a “hold (c)” rating on shares of PJT Partners in a research report on Friday, May 29th. The Goldman Sachs Group raised shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 target price for the company in a research report on Wednesday, April 1st. Zacks Research downgraded shares of PJT Partners from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Finally, Wall Street Zen downgraded shares of PJT Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, PJT Partners has a consensus rating of “Hold” and a consensus price target of $173.33.

PJT Partners Stock Down 2.0%

Shares of NYSE:PJT opened at $157.01 on Friday. PJT Partners Inc. has a 52-week low of $127.73 and a 52-week high of $195.62. The company has a 50 day moving average of $152.52 and a two-hundred day moving average of $159.23. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 22.89 and a beta of 0.85.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.03. PJT Partners had a net margin of 10.32% and a return on equity of 32.00%. The company had revenue of $418.20 million during the quarter, compared to the consensus estimate of $409.38 million. During the same quarter last year, the company earned $1.05 earnings per share. PJT Partners’s revenue for the quarter was up 28.9% on a year-over-year basis. On average, equities analysts anticipate that PJT Partners Inc. will post 7.5 earnings per share for the current year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.00 annualized dividend and a yield of 0.6%. PJT Partners’s dividend payout ratio (DPR) is 14.58%.

Insider Activity at PJT Partners

In other news, CFO Helen T. Meates sold 8,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $153.19, for a total transaction of $1,225,520.00. Following the completion of the transaction, the chief financial officer directly owned 58,466 shares in the company, valued at approximately $8,956,406.54. This represents a 12.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel David Adam Travin sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $152.43, for a total value of $457,290.00. Following the transaction, the general counsel owned 2,052 shares of the company’s stock, valued at approximately $312,786.36. This trade represents a 59.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 10.98% of the stock is owned by company insiders.

About PJT Partners

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.