PJT Partners (NYSE:PJT) Director Sells $184,085.00 in Stock

PJT Partners Inc. (NYSE:PJT) Director Emily Rafferty sold 1,100 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $167.35, for a total transaction of $184,085.00. Following the completion of the sale, the director owned 9,568 shares of the company’s stock, valued at $1,601,204.80. This trade represents a 10.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

PJT Partners Trading Down 2.5%

Shares of PJT opened at $170.76 on Thursday. The stock’s 50 day moving average is $162.22 and its two-hundred day moving average is $155.44. The firm has a market capitalization of $4.37 billion, a PE ratio of 23.36 and a beta of 0.84. PJT Partners Inc. has a twelve month low of $127.73 and a twelve month high of $195.62.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.40. The firm had revenue of $486.29 million for the quarter, compared to the consensus estimate of $425.28 million. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%.The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 earnings per share. On average, sell-side analysts predict that PJT Partners Inc. will post 8 EPS for the current year.

PJT Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. PJT Partners’s payout ratio is 13.68%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Zacks Research raised shares of PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings reissued a “hold (c)” rating on shares of PJT Partners in a research note on Friday, May 29th. Wall Street Zen raised shares of PJT Partners from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. UBS Group reiterated a “neutral” rating and set a $176.00 target price on shares of PJT Partners in a report on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods increased their price target on PJT Partners from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, PJT Partners presently has an average rating of “Hold” and a consensus target price of $177.50.

Institutional Trading of PJT Partners

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP increased its holdings in shares of PJT Partners by 79.3% in the 2nd quarter. Wasatch Advisors LP now owns 1,478,222 shares of the financial services provider’s stock valued at $223,123,000 after acquiring an additional 653,685 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of PJT Partners by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 682,886 shares of the financial services provider’s stock worth $114,195,000 after acquiring an additional 16,388 shares during the period. Morgan Stanley increased its stake in shares of PJT Partners by 7.5% in the fourth quarter. Morgan Stanley now owns 659,729 shares of the financial services provider’s stock valued at $110,307,000 after purchasing an additional 45,758 shares during the period. Invesco Ltd. increased its position in PJT Partners by 3.2% in the 4th quarter. Invesco Ltd. now owns 535,857 shares of the financial services provider’s stock valued at $89,595,000 after acquiring an additional 16,445 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of PJT Partners by 9.8% during the second quarter. Alliancebernstein L.P. now owns 528,689 shares of the financial services provider’s stock valued at $87,239,000 after purchasing an additional 47,279 shares during the period. 89.23% of the stock is owned by institutional investors.

PJT Partners Company Profile

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.