PJT Partners Inc. (NYSE:PJT) Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of PJT Partners Inc. (NYSE:PJT) by 10.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,231 shares of the financial services provider’s stock after purchasing an additional 11,337 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.49% of PJT Partners worth $15,631,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PJT. Los Angeles Capital Management LLC acquired a new stake in shares of PJT Partners during the third quarter valued at about $453,000. AdvisorShares Investments LLC acquired a new stake in PJT Partners during the 2nd quarter valued at approximately $535,000. Atria Investments Inc increased its holdings in PJT Partners by 5.9% during 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 during the last quarter. Raymond James & Associates raised its position in shares of PJT Partners by 5.4% in the 3rd quarter. Raymond James & Associates now owns 115,268 shares of the financial services provider’s stock valued at $15,370,000 after purchasing an additional 5,929 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of PJT Partners by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,447,154 shares of the financial services provider’s stock valued at $230,669,000 after buying an additional 17,463 shares during the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. 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 report on Wednesday, October 9th. UBS Group upped their target price on shares of PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group lifted their price target on PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $128.00 price objective (up previously from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $123.80.

PJT Partners Stock Up 1.2 %

Shares of NYSE:PJT opened at $162.79 on Friday. The firm has a 50-day simple moving average of $144.06 and a 200 day simple moving average of $124.02. PJT Partners Inc. has a fifty-two week low of $84.57 and a fifty-two week high of $163.85. The company has a market cap of $3.86 billion, a PE ratio of 41.32 and a beta of 0.61.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results 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 business had revenue of $326.30 million for the quarter, compared to analysts’ expectations of $313.46 million. During the same period in the prior year, the firm earned $0.78 EPS. The business’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, research analysts forecast that PJT Partners Inc. will post 4.4 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Wednesday, December 4th. PJT Partners’s dividend payout ratio (DPR) is 25.38%.

Insider Transactions at PJT Partners

In other PJT Partners news, Director Grace Reksten Skaugen sold 2,015 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $124.86, for a total transaction of $251,592.90. Following the completion of the transaction, the director now owns 500 shares in the company, valued at approximately $62,430. The trade was a 80.12 % decrease in their position. The sale 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 on Tuesday, November 12th. The stock was sold at an average price of $159.75, for a total value of $275,568.75. Following the completion of the transaction, the director now directly owns 9,100 shares of the company’s stock, valued at approximately $1,453,725. The trade was a 15.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,367 shares of company stock worth $3,633,828. Insiders own 11.71% of the company’s stock.

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.