30,500 Shares in PJT Partners Inc. $PJT Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in PJT Partners Inc. (NYSE:PJT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,500 shares of the financial services provider’s stock, valued at approximately $4,604,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PJT. California State Teachers Retirement System lifted its holdings in PJT Partners by 13,745.6% during the 2nd quarter. California State Teachers Retirement System now owns 3,860,291 shares of the financial services provider’s stock worth $582,672,000 after buying an additional 3,832,410 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of PJT Partners by 79.3% in the 2nd quarter. Wasatch Advisors LP now owns 1,478,222 shares of the financial services provider’s stock valued at $223,123,000 after acquiring an additional 653,685 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of PJT Partners in the 2nd quarter valued at approximately $28,397,000. Squarepoint Ops LLC raised its position in shares of PJT Partners by 619.0% during the 2nd quarter. Squarepoint Ops LLC now owns 157,151 shares of the financial services provider’s stock valued at $23,720,000 after acquiring an additional 135,294 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in PJT Partners by 1,446.5% during the fourth quarter. Bessemer Group Inc. now owns 115,000 shares of the financial services provider’s stock worth $19,229,000 after purchasing an additional 107,564 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Price Performance

Shares of NYSE PJT opened at $171.71 on Friday. PJT Partners Inc. has a 1-year low of $127.73 and a 1-year high of $195.62. The business’s fifty day moving average price is $171.38 and its two-hundred day moving average price is $157.44. The firm has a market capitalization of $4.39 billion, a PE ratio of 23.49 and a beta of 0.84.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, July 28th. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.40. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%.The company had revenue of $486.29 million for the quarter, compared to analysts’ expectations of $425.28 million. During the same period last year, the business posted $1.54 earnings per share. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. Equities research analysts expect that PJT Partners Inc. will post 8 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a $0.25 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $1.00 annualized dividend and a yield of 0.6%. PJT Partners’s dividend payout ratio (DPR) is currently 13.68%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PJT. Zacks Research raised shares of PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Keefe, Bruyette & Woods increased their target price on shares of PJT Partners from $185.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Wall Street Zen downgraded shares of PJT Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PJT Partners in a report on Wednesday, August 26th. Finally, UBS Group reaffirmed a “neutral” rating and set a $176.00 price objective on shares of PJT Partners in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $177.50.

Insider Activity

In other PJT Partners news, Director Emily Rafferty sold 1,100 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $167.35, for a total transaction of $184,085.00. Following the completion of the transaction, the director directly owned 9,568 shares of the company’s stock, valued at $1,601,204.80. The trade was a 10.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Costos sold 1,723 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $175.00, for a total transaction of $301,525.00. Following the completion of the transaction, the director owned 11,289 shares of the company’s stock, valued at approximately $1,975,575. This trade represents a 13.24% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 11,951 shares of company stock valued at $2,061,681. 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.