Seneca House Advisors Purchases Shares of 1,280 PJT Partners Inc. (NYSE:PJT)

Seneca House Advisors purchased a new stake in shares of PJT Partners Inc. (NYSE:PJT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,280 shares of the financial services provider’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PJT. Captrust Financial Advisors grew its stake in PJT Partners by 2.2% in the 3rd quarter. Captrust Financial Advisors now owns 3,149 shares of the financial services provider’s stock worth $420,000 after buying an additional 67 shares in the last quarter. M&T Bank Corp grew its position in PJT Partners by 3.5% in the third quarter. M&T Bank Corp now owns 2,220 shares of the financial services provider’s stock worth $296,000 after acquiring an additional 75 shares in the last quarter. New York State Teachers Retirement System increased its stake in PJT Partners by 0.9% in the third quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider’s stock valued at $1,425,000 after acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC raised its position in PJT Partners by 32.3% during the fourth 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 in the last quarter. Finally, American Century Companies Inc. lifted its stake in PJT Partners by 0.8% during the second quarter. American Century Companies Inc. now owns 14,837 shares of the financial services provider’s stock worth $1,601,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Down 0.8 %

Shares of PJT Partners stock opened at $161.75 on Friday. The company’s fifty day simple moving average is $159.68 and its two-hundred day simple moving average is $140.68. PJT Partners Inc. has a 12-month low of $88.51 and a 12-month high of $168.92. The firm has a market cap of $3.83 billion, a PE ratio of 41.05 and a beta of 0.66.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. PJT Partners’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 EPS. As a group, sell-side analysts expect that PJT Partners Inc. will post 4.2 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.62%. PJT Partners’s dividend payout ratio (DPR) is 25.38%.

Wall Street Analyst Weigh In

PJT has been the topic of a number of recent research reports. JMP Securities cut shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Citizens Jmp lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Keefe, Bruyette & Woods lowered their price target on shares of PJT Partners from $159.00 to $152.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Finally, UBS Group raised PJT Partners from a “sell” rating to a “neutral” rating and raised their price objective for the company from $130.00 to $175.00 in a research note on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $152.25.

Insider Transactions at PJT Partners

In other news, General Counsel David Adam Travin sold 1,541 shares of PJT Partners stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $159.18, for a total transaction of $245,296.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Costos sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $161.41, for a total value of $242,115.00. Following the completion of the sale, the director now owns 9,360 shares in the company, valued at $1,510,797.60. The trade was a 13.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,766 shares of company stock valued at $762,980. Corporate insiders own 11.71% of the company’s stock.

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.