Ellsworth Advisors LLC Increases Stock Position in PJT Partners Inc. (NYSE:PJT)

Ellsworth Advisors LLC grew its position in shares of PJT Partners Inc. (NYSE:PJT) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,442 shares of the financial services provider’s stock after purchasing an additional 205 shares during the period. Ellsworth Advisors LLC’s holdings in PJT Partners were worth $726,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Champlain Investment Partners LLC bought a new position in PJT Partners during the first quarter valued at approximately $43,029,000. Vanguard Group Inc. boosted its position in shares of PJT Partners by 15.0% during the 4th quarter. Vanguard Group Inc. now owns 2,429,691 shares of the financial services provider’s stock valued at $247,513,000 after acquiring an additional 317,437 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of PJT Partners in the second quarter valued at $13,803,000. Marshall Wace LLP bought a new stake in PJT Partners in the second quarter worth $5,801,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in PJT Partners by 36.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,049 shares of the financial services provider’s stock valued at $8,017,000 after purchasing an additional 22,556 shares during the last quarter. 89.23% of the stock is owned by institutional investors.

Insider Transactions at PJT Partners

In other PJT Partners news, Director Grace Reksten Skaugen sold 2,015 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $124.86, for a total transaction of $251,592.90. Following the sale, the director now owns 500 shares in the company, valued at approximately $62,430. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Kievdi Don Cornwell sold 11,586 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 8,339 shares in the company, valued at $1,029,783.11. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Grace Reksten Skaugen sold 2,015 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $124.86, for a total value of $251,592.90. Following the transaction, the director now directly owns 500 shares of the company’s stock, valued at approximately $62,430. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,297 shares of company stock valued at $3,092,668 in the last 90 days. Insiders own 10.67% of the company’s stock.

PJT Partners Stock Up 1.1 %

PJT opened at $149.82 on Friday. The stock has a market cap of $3.59 billion, a P/E ratio of 41.27 and a beta of 0.61. PJT Partners Inc. has a 52-week low of $71.47 and a 52-week high of $151.10. The business has a fifty day moving average of $129.09 and a 200 day moving average of $114.03.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.49. The company had revenue of $360.00 million for the quarter, compared to analysts’ expectations of $281.93 million. PJT Partners had a return on equity of 18.04% and a net margin of 7.96%. PJT Partners’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 earnings per share. Equities analysts anticipate that PJT Partners Inc. will post 4.35 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were issued a $0.25 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.67%. PJT Partners’s dividend payout ratio is presently 27.55%.

Analyst Ratings Changes

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

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.