Everence Capital Management Inc. Buys Shares of 2,180 PJT Partners Inc. (NYSE:PJT)

Everence Capital Management Inc. bought a new stake in shares of PJT Partners Inc. (NYSE:PJT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,180 shares of the financial services provider’s stock, valued at approximately $222,000.

A number of other hedge funds have also added to or reduced their stakes in PJT. PNC Financial Services Group Inc. raised its stake in PJT Partners by 133.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 431 shares of the financial services provider’s stock valued at $27,000 after buying an additional 246 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of PJT Partners by 19.2% in the 1st quarter. Acadian Asset Management LLC now owns 9,011 shares of the financial services provider’s stock worth $568,000 after purchasing an additional 1,452 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of PJT Partners by 55.3% in the 1st quarter. MetLife Investment Management LLC now owns 12,952 shares of the financial services provider’s stock worth $818,000 after purchasing an additional 4,613 shares in the last quarter. Sei Investments Co. increased its stake in shares of PJT Partners by 18.9% in the 1st quarter. Sei Investments Co. now owns 58,246 shares of the financial services provider’s stock worth $3,676,000 after purchasing an additional 9,246 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of PJT Partners by 6.7% in the 1st quarter. Prudential Financial Inc. now owns 3,703 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 231 shares in the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

PJT Partners Stock Up 0.6 %

PJT opened at $91.76 on Friday. The firm has a 50-day simple moving average of $97.92 and a two-hundred day simple moving average of $92.46. PJT Partners Inc. has a 52 week low of $59.61 and a 52 week high of $107.35. The company has a market capitalization of $2.19 billion, a PE ratio of 29.79 and a beta of 0.68.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.76 by $0.20. PJT Partners had a net margin of 7.09% and a return on equity of 17.44%. The business had revenue of $328.60 million during the quarter, compared to the consensus estimate of $304.26 million. During the same quarter in the prior year, the firm earned $1.08 EPS. The business’s revenue was up 17.4% on a year-over-year basis. As a group, sell-side analysts expect that PJT Partners Inc. will post 3.85 earnings per share for the current year.

PJT Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Tuesday, March 5th. PJT Partners’s dividend payout ratio (DPR) is presently 32.47%.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, insider Ji-Yeun Lee sold 10,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $104.58, for a total transaction of $1,045,800.00. Following the completion of the transaction, the insider now owns 73,421 shares of the company’s stock, valued at approximately $7,678,368.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Ji-Yeun Lee sold 10,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $104.58, for a total value of $1,045,800.00. Following the completion of the transaction, the insider now owns 73,421 shares of the company’s stock, valued at approximately $7,678,368.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $93.21, for a total transaction of $466,050.00. Following the completion of the transaction, the general counsel now directly owns 1,541 shares of the company’s stock, valued at approximately $143,636.61. The disclosure for this sale can be found here. Insiders sold 27,926 shares of company stock valued at $2,875,672 in the last 90 days. Insiders own 10.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on PJT shares. Wolfe Research restated an “underperform” rating and issued a $89.00 price objective on shares of PJT Partners in a research note on Wednesday, January 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 target price on shares of PJT Partners in a report on Tuesday, April 9th. UBS Group reaffirmed a “sell” rating and issued a $75.00 target price (down previously from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $99.00 target price (down previously from $108.00) on shares of PJT Partners in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, PJT Partners currently has a consensus rating of “Hold” and a consensus target price of $93.25.

About PJT Partners

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.