Champlain Investment Partners LLC Takes Position in PJT Partners Inc. (NYSE:PJT)

Champlain Investment Partners LLC purchased a new position in PJT Partners Inc. (NYSE:PJT) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 456,497 shares of the financial services provider’s stock, valued at approximately $43,029,000.

Other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue bought a new position in shares of PJT Partners during the fourth quarter worth $1,397,000. AlphaMark Advisors LLC bought a new position in shares of PJT Partners during the fourth quarter worth $316,000. International Assets Investment Management LLC boosted its position in shares of PJT Partners by 6,245.9% during the fourth quarter. International Assets Investment Management LLC now owns 7,742 shares of the financial services provider’s stock worth $789,000 after acquiring an additional 7,620 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of PJT Partners by 366.5% during the fourth quarter. New York State Teachers Retirement System now owns 9,745 shares of the financial services provider’s stock worth $993,000 after acquiring an additional 7,656 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of PJT Partners by 3.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,683 shares of the financial services provider’s stock worth $1,088,000 after acquiring an additional 374 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price target on shares of PJT Partners from $85.00 to $93.00 and gave the company a “sell” rating in a research note on Tuesday, July 9th. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 price target on shares of PJT Partners in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods upped their price target on shares of PJT Partners from $99.00 to $108.00 and gave the company a “market perform” rating in a research note on Friday, July 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $99.80.

PJT Partners Stock Up 3.0 %

PJT Partners stock traded up $3.50 during mid-day trading on Tuesday, reaching $121.86. 218,790 shares of the company’s stock traded hands, compared to its average volume of 250,887. PJT Partners Inc. has a 12-month low of $71.47 and a 12-month high of $123.57. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 33.30 and a beta of 0.62. The stock has a 50 day moving average of $107.64 and a two-hundred day moving average of $101.04.

PJT Partners (NYSE:PJT) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.53. PJT Partners had a net margin of 7.57% and a return on equity of 17.36%. The business had revenue of $329.39 million for the quarter, compared to the consensus estimate of $229.32 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The business’s revenue for the quarter was up 64.7% on a year-over-year basis. As a group, sell-side analysts forecast that PJT Partners Inc. will post 4 earnings per share for the current year.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Wednesday, June 5th. PJT Partners’s dividend payout ratio is currently 27.55%.

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.