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 business’s 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 completion of the transaction, the director now owns 9,100 shares in the company, valued at $1,453,725. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PJT Partners Stock Performance

Shares of PJT Partners stock opened at $158.87 on Thursday. The firm has a market cap of $3.77 billion, a PE ratio of 40.32 and a beta of 0.61. PJT Partners Inc. has a 1 year low of $82.64 and a 1 year high of $163.85. The firm’s 50-day simple moving average is $138.64 and its 200-day simple moving average is $121.20.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. The firm had revenue of $326.30 million for the quarter, compared to analyst estimates of $313.46 million. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. PJT Partners’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. On average, equities analysts predict that PJT Partners Inc. will post 4.4 earnings per share for the current year.

PJT Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.00 annualized dividend and a yield of 0.63%. PJT Partners’s dividend payout ratio (DPR) is 25.38%.

Institutional Investors Weigh In On PJT Partners

Several institutional investors and hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System grew its position in PJT Partners by 0.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the financial services provider’s stock worth $1,198,000 after purchasing an additional 100 shares during the last quarter. New York State Teachers Retirement System grew its position in PJT Partners by 0.9% in the 3rd quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider’s stock worth $1,425,000 after purchasing an additional 100 shares during the last quarter. American Century Companies Inc. grew its position in PJT Partners by 0.8% in the 2nd 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. AQR Capital Management LLC grew its position in PJT Partners by 3.3% in the 2nd quarter. AQR Capital Management LLC now owns 4,207 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 136 shares during the last quarter. Finally, Sei Investments Co. grew its position in PJT Partners by 1.4% in the 2nd quarter. Sei Investments Co. now owns 10,458 shares of the financial services provider’s stock worth $1,129,000 after purchasing an additional 141 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PJT. UBS Group boosted their price objective on shares of PJT Partners from $110.00 to $120.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. The Goldman Sachs Group upped their target price on shares of PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. 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 note on Wednesday, July 31st. Finally, 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 note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.