Linden Thomas Advisory Services LLC Boosts Holdings in PJT Partners Inc. (NYSE:PJT)

Linden Thomas Advisory Services LLC lifted its stake in PJT Partners Inc. (NYSE:PJT) by 20.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,177 shares of the financial services provider’s stock after purchasing an additional 376 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in PJT Partners were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of PJT. American Century Companies Inc. raised its position in shares of PJT Partners by 0.8% in the 2nd quarter. American Century Companies Inc. now owns 14,837 shares of the financial services provider’s stock worth $1,601,000 after purchasing an additional 120 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of PJT Partners by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 458,216 shares of the financial services provider’s stock worth $49,446,000 after purchasing an additional 22,117 shares during the last quarter. Sei Investments Co. increased its holdings in PJT Partners by 1.4% in the 2nd quarter. Sei Investments Co. now owns 10,458 shares of the financial services provider’s stock worth $1,129,000 after buying an additional 141 shares in the last quarter. Bank of Montreal Can increased its holdings in PJT Partners by 102.5% in the 2nd quarter. Bank of Montreal Can now owns 4,989 shares of the financial services provider’s stock worth $544,000 after buying an additional 2,525 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in PJT Partners in the 2nd quarter worth about $5,801,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Insider Activity at PJT Partners

In related news, Director James Costos sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $161.41, for a total value of $242,115.00. Following the completion of the sale, the director now directly owns 9,360 shares of the company’s stock, valued at approximately $1,510,797.60. This represents a 13.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kenneth C. Whitney sold 1,725 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $159.75, for a total transaction of $275,568.75. Following the completion of the sale, the director now directly owns 9,100 shares of the company’s stock, valued at $1,453,725. This represents a 15.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,766 shares of company stock worth $762,980. 11.71% of the stock is owned by company insiders.

PJT Partners Stock Up 1.9 %

PJT Partners stock opened at $164.80 on Monday. The business has a 50-day simple moving average of $159.89 and a two-hundred day simple moving average of $141.64. The company has a market cap of $3.91 billion, a P/E ratio of 41.83 and a beta of 0.66. PJT Partners Inc. has a 52-week low of $88.51 and a 52-week high of $168.92.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $326.30 million during the quarter, compared to the consensus estimate of $313.46 million. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. Research analysts anticipate that PJT Partners Inc. will post 4.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. PJT Partners’s dividend payout ratio is currently 25.38%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PJT shares. JMP Securities downgraded PJT Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 13th. UBS Group upgraded PJT Partners from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $130.00 to $175.00 in a report on Friday, December 6th. Citizens Jmp downgraded PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods reduced their price objective on PJT Partners from $159.00 to $152.00 and set a “market perform” rating for the company in a report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, PJT Partners has an average rating of “Hold” and an average price target of $152.25.

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.