Rockefeller Capital Management L.P. Sells 10,133 Shares of PJT Partners Inc. $PJT

Rockefeller Capital Management L.P. cut its position in shares of PJT Partners Inc. (NYSE:PJT) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 154,619 shares of the financial services provider’s stock after selling 10,133 shares during the period. Rockefeller Capital Management L.P.’s holdings in PJT Partners were worth $25,852,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PJT. Geode Capital Management LLC boosted its stake in shares of PJT Partners by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 682,886 shares of the financial services provider’s stock valued at $114,195,000 after purchasing an additional 16,388 shares during the period. Morgan Stanley raised its position in shares of PJT Partners by 7.5% in the 4th quarter. Morgan Stanley now owns 659,729 shares of the financial services provider’s stock worth $110,307,000 after acquiring an additional 45,758 shares in the last quarter. Wasatch Advisors LP raised its holdings in PJT Partners by 52.1% in the fourth quarter. Wasatch Advisors LP now owns 587,109 shares of the financial services provider’s stock worth $98,165,000 after purchasing an additional 201,110 shares in the last quarter. Congress Asset Management Co. lifted its position in PJT Partners by 9.9% during the fourth quarter. Congress Asset Management Co. now owns 583,926 shares of the financial services provider’s stock valued at $97,632,000 after acquiring an additional 52,548 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of PJT Partners by 3.2% during the 4th quarter. Invesco Ltd. now owns 535,857 shares of the financial services provider’s stock valued at $89,595,000 after purchasing an additional 16,445 shares during the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Insider Buying and Selling

In other PJT Partners news, CFO Helen T. Meates sold 8,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer directly owned 58,466 shares in the company, valued at $8,956,406.54. This represents a 12.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel David Adam Travin sold 3,000 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $152.43, for a total value of $457,290.00. Following the transaction, the general counsel directly owned 2,052 shares in the company, valued at approximately $312,786.36. The trade was a 59.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 10.98% of the stock is owned by insiders.

PJT Partners Trading Down 0.4%

Shares of PJT opened at $154.80 on Tuesday. The firm has a 50-day moving average price of $155.83 and a 200 day moving average price of $158.46. PJT Partners Inc. has a 12-month low of $127.73 and a 12-month high of $195.62. The firm has a market capitalization of $4.00 billion, a P/E ratio of 22.57 and a beta of 0.85.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. The business had revenue of $418.20 million during the quarter, compared to the consensus estimate of $409.38 million. PJT Partners had a net margin of 10.32% and a return on equity of 32.00%. The business’s revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 EPS. Equities research analysts predict that PJT Partners Inc. will post 7.5 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, June 3rd. PJT Partners’s payout ratio is 14.58%.

Wall Street Analysts Forecast Growth

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

PJT Partners Company Profile

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.