Loomis Sayles & Co. L P Has $65.71 Million Holdings in PJT Partners Inc. (NYSE:PJT)

Loomis Sayles & Co. L P decreased its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 492,809 shares of the financial services provider’s stock after selling 11,438 shares during the quarter. Loomis Sayles & Co. L P owned approximately 2.08% of PJT Partners worth $65,711,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PJT. Vanguard Group Inc. lifted its position in PJT Partners by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,447,154 shares of the financial services provider’s stock worth $230,669,000 after buying an additional 17,463 shares in the last quarter. Champlain Investment Partners LLC raised its holdings in PJT Partners by 7.4% during the third quarter. Champlain Investment Partners LLC now owns 594,359 shares of the financial services provider’s stock worth $79,252,000 after acquiring an additional 41,119 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in PJT Partners by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 458,216 shares of the financial services provider’s stock worth $49,446,000 after acquiring an additional 22,117 shares in the last quarter. Congress Asset Management Co. boosted its position in PJT Partners by 29.6% during the third quarter. Congress Asset Management Co. now owns 317,974 shares of the financial services provider’s stock valued at $42,399,000 after purchasing an additional 72,582 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in PJT Partners by 4.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 252,090 shares of the financial services provider’s stock valued at $33,614,000 after purchasing an additional 11,707 shares in the last quarter. Institutional investors own 89.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PJT. JMP Securities upped their price objective on PJT Partners from $142.00 to $150.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group lifted their price target on PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. UBS Group upped their price objective on PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a research note on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $128.00 target price (up from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $123.80.

PJT Partners Stock Performance

Shares of PJT opened at $162.79 on Monday. The firm has a market cap of $3.86 billion, a P/E ratio of 41.32 and a beta of 0.61. PJT Partners Inc. has a 52 week low of $84.57 and a 52 week high of $163.85. The firm’s 50-day simple moving average is $144.06 and its 200 day simple moving average is $124.36.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The company had revenue of $326.30 million for the quarter, compared to the consensus estimate of $313.46 million. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. As a group, equities analysts forecast that PJT Partners Inc. will post 4.4 earnings per share for the current year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Wednesday, December 4th. PJT Partners’s payout ratio is 25.38%.

Insider Transactions at PJT Partners

In other news, Director Kievdi Don Cornwell sold 11,586 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $123.49, for a total transaction of $1,430,755.14. Following the transaction, the director now directly owns 8,339 shares of the company’s stock, valued at approximately $1,029,783.11. This trade represents a 58.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth C. Whitney sold 1,725 shares of PJT Partners stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total transaction of $275,568.75. Following the completion of the sale, the director now owns 9,100 shares of the company’s stock, valued at approximately $1,453,725. The trade was a 15.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,352 shares of company stock valued at $3,382,235. 11.71% of the stock is currently owned by corporate 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.