Sanctuary Advisors LLC Trims Stock Holdings in PJT Partners Inc. (NYSE:PJT)

Sanctuary Advisors LLC reduced its stake in shares of PJT Partners Inc. (NYSE:PJT) by 16.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,209 shares of the financial services provider’s stock after selling 437 shares during the period. Sanctuary Advisors LLC’s holdings in PJT Partners were worth $295,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new stake in PJT Partners during the 3rd quarter valued at approximately $453,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of PJT Partners by 24.5% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 105,894 shares of the financial services provider’s stock worth $11,427,000 after acquiring an additional 20,845 shares during the last quarter. Citigroup Inc. grew its stake in PJT Partners by 101.1% during the third quarter. Citigroup Inc. now owns 30,103 shares of the financial services provider’s stock valued at $4,014,000 after acquiring an additional 15,135 shares in the last quarter. Geode Capital Management LLC increased its holdings in PJT Partners by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider’s stock valued at $82,556,000 after acquiring an additional 45,327 shares during the last quarter. Finally, Atria Investments Inc lifted its stake in PJT Partners by 5.9% in the 3rd quarter. Atria Investments Inc now owns 2,563 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 142 shares in the last quarter. 89.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at PJT Partners

In related news, Director James Costos sold 1,500 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $161.41, for a total value of $242,115.00. Following the transaction, the director now directly owns 9,360 shares of the company’s stock, valued at $1,510,797.60. This represents a 13.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth C. Whitney sold 1,725 shares of PJT Partners stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $159.75, for a total value of $275,568.75. Following the sale, the director now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,766 shares of company stock worth $762,980. 11.71% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PJT. Keefe, Bruyette & Woods increased their price target on PJT Partners from $151.00 to $159.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. UBS Group raised shares of PJT Partners from a “sell” rating to a “neutral” rating and raised their target price for the company from $130.00 to $175.00 in a report on Friday, December 6th. Finally, JMP Securities upped their price target on shares of PJT Partners from $142.00 to $150.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $141.00.

PJT Partners Price Performance

Shares of PJT Partners stock opened at $159.57 on Friday. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 40.50 and a beta of 0.65. The firm’s 50-day moving average is $155.90 and its two-hundred day moving average is $134.20. PJT Partners Inc. has a 1 year low of $88.51 and a 1 year high of $168.92.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data 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 return on equity of 18.79% and a net margin of 8.03%. The firm had revenue of $326.30 million during the quarter, compared to analysts’ expectations of $313.46 million. During the same period in the prior year, the business posted $0.78 EPS. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. On average, equities analysts expect that PJT Partners Inc. will post 4.4 earnings per share for the current year.

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Wednesday, December 4th. PJT Partners’s dividend payout ratio is currently 25.38%.

PJT Partners Company 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.