Voya Investment Management LLC Purchases 1,335 Shares of PJT Partners Inc. (NYSE:PJT)

Voya Investment Management LLC raised its position in PJT Partners Inc. (NYSE:PJT) by 11.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,293 shares of the financial services provider’s stock after purchasing an additional 1,335 shares during the period. Voya Investment Management LLC’s holdings in PJT Partners were worth $2,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Securities Inc. grew its stake in shares of PJT Partners by 385.4% in the fourth quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 158 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in PJT Partners by 112.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 146 shares during the period. GAMMA Investing LLC boosted its holdings in PJT Partners by 32.3% in the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 109 shares during the period. PNC Financial Services Group Inc. grew its position in shares of PJT Partners by 51.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 176 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of PJT Partners by 25.4% during the fourth quarter. KBC Group NV now owns 1,007 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 204 shares during the period. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Price Performance

Shares of PJT opened at $143.22 on Friday. The firm has a 50 day simple moving average of $139.19 and a two-hundred day simple moving average of $152.48. PJT Partners Inc. has a one year low of $97.74 and a one year high of $190.28. The company has a market cap of $3.34 billion, a P/E ratio of 29.23 and a beta of 0.76.

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 analysts’ consensus estimates of $0.94 by $0.11. The company had revenue of $324.50 million during the quarter, compared to analysts’ expectations of $361.26 million. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. PJT Partners’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 EPS. On average, analysts expect that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.70%. PJT Partners’s payout ratio is currently 17.64%.

Insider Activity at PJT Partners

In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $141.74, for a total transaction of $708,700.00. Following the sale, the general counsel now owns 2,288 shares of the company’s stock, valued at approximately $324,301.12. The trade was a 68.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

PJT has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on PJT Partners from $152.00 to $177.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. JMP Securities downgraded PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Finally, Citizens Jmp cut PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, PJT Partners has an average rating of “Hold” and an average price target of $158.50.

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.