Everence Capital Management Inc. Acquires Shares of 2,180 PJT Partners Inc. (NYSE:PJT)

Everence Capital Management Inc. acquired a new stake in PJT Partners Inc. (NYSE:PJT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,180 shares of the financial services provider’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PJT. Jacobs Levy Equity Management Inc. purchased a new position in PJT Partners in the third quarter valued at $14,387,000. Walleye Capital LLC increased its stake in shares of PJT Partners by 5,714.8% during the second quarter. Walleye Capital LLC now owns 178,979 shares of the financial services provider’s stock worth $12,464,000 after purchasing an additional 175,901 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of PJT Partners by 2,871.9% during the fourth quarter. Victory Capital Management Inc. now owns 173,827 shares of the financial services provider’s stock worth $12,809,000 after purchasing an additional 167,978 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of PJT Partners by 2,850.2% during the first quarter. Rockefeller Capital Management L.P. now owns 138,601 shares of the financial services provider’s stock worth $10,005,000 after purchasing an additional 133,903 shares in the last quarter. Finally, Chartwell Investment Partners LLC purchased a new stake in shares of PJT Partners during the third quarter worth about $8,676,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PJT. JMP Securities reissued a “market outperform” rating and set a $110.00 target price on shares of PJT Partners in a research note on Tuesday, April 9th. The Goldman Sachs Group reissued a “neutral” rating and set a $99.00 target price (down previously from $108.00) on shares of PJT Partners in a research note on Tuesday, January 9th. UBS Group reissued a “sell” rating and set a $75.00 target price (down previously from $100.00) on shares of PJT Partners in a research note on Tuesday, March 26th. Finally, Wolfe Research reissued an “underperform” rating and set a $89.00 target price on shares of PJT Partners in a research note on Wednesday, January 3rd. 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. Based on data from MarketBeat.com, PJT Partners has a consensus rating of “Hold” and a consensus target price of $93.25.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, CFO Helen T. Meates sold 12,926 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $105.51, for a total value of $1,363,822.26. Following the transaction, the chief financial officer now directly owns 48,821 shares in the company, valued at approximately $5,151,103.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $93.21, for a total value of $466,050.00. Following the transaction, the general counsel now directly owns 1,541 shares in the company, valued at approximately $143,636.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Helen T. Meates sold 12,926 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $105.51, for a total transaction of $1,363,822.26. Following the completion of the transaction, the chief financial officer now owns 48,821 shares in the company, valued at $5,151,103.71. The disclosure for this sale can be found here. Insiders have sold 27,926 shares of company stock worth $2,875,672 in the last ninety days. 10.67% of the stock is owned by insiders.

PJT Partners Trading Up 0.6 %

PJT opened at $91.76 on Friday. The firm has a market capitalization of $2.19 billion, a PE ratio of 29.79 and a beta of 0.68. PJT Partners Inc. has a twelve month low of $59.61 and a twelve month high of $107.35. The firm’s 50-day moving average price is $97.92 and its 200 day moving average price is $92.46.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.20. The firm had revenue of $328.60 million for the quarter, compared to analyst estimates of $304.26 million. PJT Partners had a net margin of 7.09% and a return on equity of 17.44%. PJT Partners’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 earnings per share. As a group, analysts predict that PJT Partners Inc. will post 3.85 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.00 annualized dividend and a yield of 1.09%. PJT Partners’s payout ratio is 32.47%.

PJT Partners Company 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.