James Costos Sells 1,500 Shares of PJT Partners Inc. (NYSE:PJT) Stock

PJT Partners Inc. (NYSE:PJT) Director James Costos sold 1,500 shares of PJT Partners stock in a transaction 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 directly owns 9,360 shares of the company’s stock, valued at approximately $1,510,797.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

PJT Partners Stock Performance

NYSE PJT opened at $159.39 on Friday. The company has a market capitalization of $3.78 billion, a PE ratio of 40.45 and a beta of 0.61. The business’s fifty day moving average is $136.23 and its 200 day moving average is $119.84. PJT Partners Inc. has a fifty-two week low of $81.25 and a fifty-two week high of $163.54.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates 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 business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. On average, sell-side analysts forecast that PJT Partners Inc. will post 4.4 EPS for the current year.

PJT Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders 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 yield of 0.63%. PJT Partners’s dividend payout ratio is presently 25.38%.

Institutional Investors Weigh In On PJT Partners

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of 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 worth $230,669,000 after purchasing an additional 17,463 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of PJT Partners by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 458,216 shares of the financial services provider’s stock worth $49,446,000 after purchasing an additional 22,117 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in shares of PJT Partners in the first quarter worth about $43,029,000. Congress Asset Management Co. increased its holdings in shares of PJT Partners by 29.6% in the third quarter. Congress Asset Management Co. now owns 317,974 shares of the financial services provider’s stock worth $42,399,000 after purchasing an additional 72,582 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of PJT Partners in the second quarter worth about $13,803,000. 89.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PJT has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $128.00 target price (up previously from $108.00) on shares of PJT Partners in a report on Wednesday, July 31st. JMP Securities lifted their target price on PJT Partners from $142.00 to $150.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. The Goldman Sachs Group raised their price target on PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, 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 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 given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $123.80.

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.