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

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in PJT Partners Inc. (NYSE:PJT) by 10.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 117,231 shares of the financial services provider’s stock after buying an additional 11,337 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in PJT Partners were worth $15,631,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SouthState Corp acquired a new position in shares of PJT Partners in the 2nd quarter worth $26,000. Opal Wealth Advisors LLC purchased a new position in PJT Partners in the 2nd quarter worth about $30,000. GAMMA Investing LLC raised its holdings in PJT Partners by 76.4% during the 3rd quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider’s stock worth $45,000 after buying an additional 146 shares during the period. KBC Group NV lifted its stake in PJT Partners by 113.0% during the third quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock valued at $107,000 after buying an additional 426 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of PJT Partners in the 3rd quarter valued at approximately $213,000. Institutional investors own 89.23% of the company’s stock.

Insider Transactions at PJT Partners

In related news, Director Kievdi Don Cornwell sold 11,586 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $123.49, for a total value of $1,430,755.14. Following the transaction, the director now directly owns 8,339 shares in the company, valued at approximately $1,029,783.11. This trade represents a 58.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel David Adam Travin sold 1,541 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $159.18, for a total transaction of $245,296.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,367 shares of company stock worth $3,633,828. 11.71% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on PJT. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $128.00 target price (up from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. JMP Securities raised their price objective on PJT Partners from $142.00 to $150.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group upped their target price on PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, UBS Group raised their price target on shares of PJT Partners from $110.00 to $120.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. Two investment 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 MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $123.80.

PJT Partners Price Performance

Shares of PJT Partners stock opened at $162.79 on Friday. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 41.32 and a beta of 0.61. The stock 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 52-week low of $84.57 and a 52-week high of $163.85.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The company had revenue of $326.30 million for the quarter, compared to analyst estimates of $313.46 million. During the same quarter in the prior year, the business posted $0.78 EPS. PJT Partners’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, equities research analysts predict that PJT Partners Inc. will post 4.4 earnings per share for the current year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.25 dividend. The ex-dividend date of this dividend is 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%.

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.