PJT Partners Inc. (NYSE:PJT) Director Sells $275,568.75 in Stock

PJT Partners Inc. (NYSE:PJT) Director Kenneth C. Whitney sold 1,725 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $159.75, for a total transaction of $275,568.75. Following the transaction, the director now directly owns 9,100 shares in the company, valued at approximately $1,453,725. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

PJT Partners Trading Down 0.7 %

NYSE:PJT traded down $1.14 during mid-day trading on Tuesday, hitting $159.59. The company had a trading volume of 178,664 shares, compared to its average volume of 233,955. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 40.79 and a beta of 0.61. The business has a fifty day simple moving average of $136.23 and a 200-day simple moving average of $120.01. PJT Partners Inc. has a 1 year low of $82.00 and a 1 year high of $163.85.

PJT Partners (NYSE:PJT) last issued 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 return on equity of 18.79% and a net margin of 8.03%. The business had revenue of $326.30 million for the quarter, compared to the consensus estimate of $313.46 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. PJT Partners’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, research analysts anticipate that PJT Partners Inc. will post 4.4 earnings per share for the current year.

PJT Partners Dividend Announcement

The company also recently declared 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 0.63%. The ex-dividend date is Wednesday, December 4th. PJT Partners’s dividend payout ratio (DPR) is presently 25.38%.

Institutional Investors Weigh In On PJT Partners

Hedge funds have recently modified their holdings of the business. Illinois Municipal Retirement Fund bought a new stake in shares of PJT Partners in the 1st quarter valued at about $1,262,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of PJT Partners by 36.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,049 shares of the financial services provider’s stock worth $8,017,000 after purchasing an additional 22,556 shares during the period. Champlain Investment Partners LLC bought a new position in shares of PJT Partners in the first quarter valued at $43,029,000. AdvisorShares Investments LLC bought a new stake in shares of PJT Partners during the second quarter worth about $535,000. Finally, Raymond James & Associates increased its stake in shares of PJT Partners by 5.4% during the 3rd quarter. Raymond James & Associates now owns 115,268 shares of the financial services provider’s stock worth $15,370,000 after purchasing an additional 5,929 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. JMP Securities increased their price target 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. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $128.00 price objective (up previously from $108.00) on shares of PJT Partners in a research report on Wednesday, July 31st. Finally, UBS Group upped their target price on PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, PJT Partners presently has a consensus rating of “Hold” and a consensus 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.