Insider Selling: PJT Partners Inc. (NYSE:PJT) General Counsel Sells 1,541 Shares of Stock

PJT Partners Inc. (NYSE:PJT) General Counsel David Adam Travin sold 1,541 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $159.18, for a total value of $245,296.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

PJT Partners Stock Performance

Shares of PJT stock opened at $159.34 on Friday. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 40.44 and a beta of 0.61. The firm’s 50-day simple moving average is $136.23 and its two-hundred day simple moving average is $119.67. PJT Partners Inc. has a 52 week low of $81.25 and a 52 week high of $163.54.

PJT Partners (NYSE:PJT) last issued its 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. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The business had revenue of $326.30 million for the quarter, compared to analysts’ expectations of $313.46 million. During the same quarter in the previous year, the firm posted $0.78 EPS. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. 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. Investors of record on Wednesday, December 4th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, December 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.63%. PJT Partners’s dividend payout ratio is 25.38%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of PJT Partners

A number of institutional investors have recently modified their holdings of the company. Intech Investment Management LLC bought a new stake in PJT Partners in the third quarter valued at $689,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of PJT Partners by 10.7% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 117,231 shares of the financial services provider’s stock worth $15,631,000 after purchasing an additional 11,337 shares during the last quarter. Prospera Financial Services Inc bought a new position in PJT Partners during the 3rd quarter valued at about $245,000. MAI Capital Management lifted its position in PJT Partners by 1.2% during the third quarter. MAI Capital Management now owns 110,134 shares of the financial services provider’s stock valued at $14,685,000 after purchasing an additional 1,335 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of PJT Partners by 2.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 18,685 shares of the financial services provider’s stock valued at $2,491,000 after buying an additional 367 shares during the period. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

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.