Champlain Investment Partners LLC Boosts Stock Holdings in PJT Partners Inc. (NYSE:PJT)

Champlain Investment Partners LLC grew its position in PJT Partners Inc. (NYSE:PJT) by 7.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 594,359 shares of the financial services provider’s stock after buying an additional 41,119 shares during the quarter. Champlain Investment Partners LLC’s holdings in PJT Partners were worth $79,252,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its stake in PJT Partners by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the financial services provider’s stock worth $1,198,000 after purchasing an additional 100 shares during the last quarter. New York State Teachers Retirement System boosted its position in PJT Partners by 0.9% during the third quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider’s stock worth $1,425,000 after acquiring an additional 100 shares during the last quarter. American Century Companies Inc. grew its stake in PJT Partners by 0.8% during the 2nd quarter. American Century Companies Inc. now owns 14,837 shares of the financial services provider’s stock valued at $1,601,000 after acquiring an additional 120 shares in the last quarter. AQR Capital Management LLC raised its holdings in PJT Partners by 3.3% in the 2nd quarter. AQR Capital Management LLC now owns 4,207 shares of the financial services provider’s stock valued at $454,000 after acquiring an additional 136 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in PJT Partners by 1.4% in the 2nd quarter. Sei Investments Co. now owns 10,458 shares of the financial services provider’s stock worth $1,129,000 after purchasing an additional 141 shares in the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Trading Up 1.2 %

Shares of NYSE:PJT opened at $162.79 on Friday. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 41.32 and a beta of 0.61. PJT Partners Inc. has a 12-month low of $84.57 and a 12-month high of $163.85. The business has a 50-day moving average price of $143.29 and a 200 day moving average price of $123.58.

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, beating analysts’ consensus estimates of $0.91 by $0.02. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The business had revenue of $326.30 million during the quarter, compared to analysts’ expectations of $313.46 million. During the same period last year, the business earned $0.78 earnings per share. The business’s revenue for the quarter 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 fiscal year.

PJT Partners Announces Dividend

The company also recently announced 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Wednesday, December 4th. PJT Partners’s payout ratio is 25.38%.

Insiders Place Their Bets

In related news, Director James Costos sold 1,500 shares of PJT Partners stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $161.41, for a total value of $242,115.00. Following the completion of the transaction, the director now owns 9,360 shares in the company, valued at approximately $1,510,797.60. The trade was a 13.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kenneth C. Whitney sold 1,725 shares of the company’s 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 sale, the director now directly owns 9,100 shares in the company, valued at $1,453,725. This represents a 15.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,367 shares of company stock worth $3,633,828 over the last ninety days. Corporate insiders own 11.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.