Crossmark Global Holdings Inc. Invests $262,000 in PJT Partners Inc. (NYSE:PJT)

Crossmark Global Holdings Inc. bought a new position in PJT Partners Inc. (NYSE:PJT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,970 shares of the financial services provider’s stock, valued at approximately $262,000.

Other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC boosted its holdings in shares of PJT Partners by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 4,754 shares of the financial services provider’s stock valued at $448,000 after purchasing an additional 323 shares during the last quarter. Vanguard Group Inc. boosted its holdings in PJT Partners by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,447,154 shares of the financial services provider’s stock valued at $230,669,000 after acquiring an additional 17,463 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in PJT Partners in the first quarter valued at $43,029,000. UniSuper Management Pty Ltd purchased a new stake in PJT Partners during the first quarter valued at about $386,000. Finally, Bessemer Group Inc. acquired a new stake in PJT Partners during the first quarter worth about $572,000. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PJT Partners

In related news, Director Kievdi Don Cornwell sold 11,586 shares of PJT Partners stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $123.49, for a total value of $1,430,755.14. Following the completion of the transaction, the director now directly owns 8,339 shares in the company, valued at approximately $1,029,783.11. This trade represents a 58.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ji-Yeun Lee sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $118.85, for a total value of $1,188,500.00. Following the completion of the sale, the insider now directly owns 61,433 shares of the company’s stock, valued at approximately $7,301,312.05. This represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,367 shares of company stock valued at $3,633,828. 11.71% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group lifted 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. Keefe, Bruyette & Woods restated a “market perform” rating and set a $128.00 target price (up previously from $108.00) on shares of PJT Partners in a report on Wednesday, July 31st. JMP Securities boosted 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. Finally, The Goldman Sachs Group upped their target price on PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $123.80.

PJT Partners Price Performance

PJT Partners stock opened at $157.32 on Monday. The firm’s fifty day moving average price is $140.25 and its 200 day moving average price is $122.08. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 39.93 and a beta of 0.61. PJT Partners Inc. has a 12-month low of $82.64 and a 12-month high of $163.85.

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

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Wednesday, December 4th. PJT Partners’s dividend payout ratio (DPR) is currently 25.38%.

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.