Dimensional Fund Advisors LP Has $49.45 Million Position in PJT Partners Inc. (NYSE:PJT)

Dimensional Fund Advisors LP raised its stake in PJT Partners Inc. (NYSE:PJT) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 458,216 shares of the financial services provider’s stock after acquiring an additional 22,117 shares during the period. Dimensional Fund Advisors LP owned approximately 1.91% of PJT Partners worth $49,446,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PJT. Champlain Investment Partners LLC acquired a new position in PJT Partners in the 1st quarter valued at $43,029,000. Vanguard Group Inc. increased its stake in shares of PJT Partners by 15.0% in the 4th 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 during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of PJT Partners by 36.1% in the 1st 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 during the last quarter. BNP Paribas Financial Markets grew its position in PJT Partners by 116.0% during the 1st quarter. BNP Paribas Financial Markets now owns 41,251 shares of the financial services provider’s stock worth $3,888,000 after acquiring an additional 22,157 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in PJT Partners during the 1st quarter worth about $1,885,000. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Trading Down 0.0 %

NYSE:PJT opened at $133.81 on Monday. PJT Partners Inc. has a 12 month low of $71.47 and a 12 month high of $137.19. The company has a 50 day simple moving average of $124.46 and a two-hundred day simple moving average of $109.76. The company has a market cap of $3.18 billion, a PE ratio of 36.86 and a beta of 0.61.

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 the consensus estimate of $0.70 by $0.49. The company had revenue of $360.00 million during the quarter, compared to the consensus estimate of $281.93 million. PJT Partners had a net margin of 7.96% and a return on equity of 18.04%. PJT Partners’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. Research analysts forecast that PJT Partners Inc. will post 4.35 earnings per share for the current year.

PJT Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Wednesday, September 4th. PJT Partners’s dividend payout ratio (DPR) is presently 27.55%.

Insider Activity at PJT Partners

In other news, Director Grace Reksten Skaugen sold 2,015 shares of PJT Partners stock in a transaction on Monday, August 26th. The shares were sold at an average price of $124.86, for a total transaction of $251,592.90. Following the completion of the sale, the director now directly owns 500 shares in the company, valued at $62,430. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other PJT Partners news, Director Emily K. Rafferty sold 1,696 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $130.79, for a total value of $221,819.84. Following the completion of the transaction, the director now owns 7,404 shares in the company, valued at $968,369.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Grace Reksten Skaugen sold 2,015 shares of PJT Partners stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $124.86, for a total value of $251,592.90. Following the completion of the transaction, the director now owns 500 shares of the company’s stock, valued at approximately $62,430. The disclosure for this sale can be found here. Insiders have sold a total of 25,297 shares of company stock valued at $3,092,668 over the last ninety days. 10.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. UBS Group upped their price target on PJT Partners from $85.00 to $93.00 and gave the stock a “sell” rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $128.00 target price (up previously from $108.00) on shares of PJT Partners in a research report on Wednesday, July 31st. JMP Securities increased 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. Finally, The Goldman Sachs Group raised their price target on PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, PJT Partners currently has a consensus rating of “Hold” and a consensus price target of $116.80.

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.