PJT Partners Inc. (NYSE:PJT) Shares Bought by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. raised its position in shares of PJT Partners Inc. (NYSE:PJT) by 0.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 66,724 shares of the financial services provider’s stock after acquiring an additional 356 shares during the quarter. Thornburg Investment Management Inc.’s holdings in PJT Partners were worth $10,530,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC increased its position in shares of PJT Partners by 2.9% during the fourth quarter. Sanctuary Advisors LLC now owns 2,274 shares of the financial services provider’s stock worth $375,000 after purchasing an additional 65 shares in the last quarter. Xponance Inc. lifted its holdings in PJT Partners by 7.4% in the 4th quarter. Xponance Inc. now owns 1,659 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 115 shares in the last quarter. NDVR Inc. grew its holdings in shares of PJT Partners by 6.0% during the fourth quarter. NDVR Inc. now owns 2,050 shares of the financial services provider’s stock worth $324,000 after buying an additional 116 shares in the last quarter. Atria Investments Inc raised its position in shares of PJT Partners by 5.0% in the fourth quarter. Atria Investments Inc now owns 2,692 shares of the financial services provider’s stock valued at $425,000 after buying an additional 129 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of PJT Partners by 112.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider’s stock valued at $44,000 after buying an additional 146 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Stock Performance

NYSE PJT opened at $150.67 on Friday. The stock’s fifty day moving average is $138.21 and its two-hundred day moving average is $152.70. The firm has a market capitalization of $3.51 billion, a P/E ratio of 30.75 and a beta of 0.76. PJT Partners Inc. has a fifty-two week low of $99.77 and a fifty-two week high of $190.28.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.94 by $0.11. The business had revenue of $324.50 million for the quarter, compared to analyst estimates of $361.26 million. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. As a group, sell-side analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Wednesday, June 4th. PJT Partners’s dividend payout ratio (DPR) is presently 17.64%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted their price target on shares of PJT Partners from $152.00 to $161.00 and gave the stock a “market perform” rating in a research report on Monday, May 12th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $154.50.

Insider Buying and Selling at PJT Partners

In related news, General Counsel David Adam Travin sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $141.74, for a total value of $708,700.00. Following the transaction, the general counsel now directly owns 2,288 shares in the company, valued at approximately $324,301.12. This represents a 68.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 11.75% of the stock is currently owned by company insiders.

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.