PJT Partners Inc. (NYSE:PJT) Director Sells $221,819.84 in Stock

PJT Partners Inc. (NYSE:PJT) Director Emily K. Rafferty sold 1,696 shares of PJT Partners stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $130.79, for a total value of $221,819.84. Following the transaction, the director now directly owns 7,404 shares in the company, valued at approximately $968,369.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

PJT Partners Stock Down 3.2 %

NYSE PJT opened at $122.58 on Monday. The stock has a market capitalization of $2.94 billion, a PE ratio of 33.77 and a beta of 0.62. PJT Partners Inc. has a 12-month low of $71.47 and a 12-month high of $136.90. The company has a 50 day moving average price of $111.71 and a two-hundred day moving average price of $102.95.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.49. The business had revenue of $360.00 million for the quarter, compared to the consensus estimate of $281.93 million. PJT Partners had a net margin of 7.96% and a return on equity of 18.12%. PJT Partners’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 EPS. As a group, equities analysts anticipate that PJT Partners Inc. will post 4.35 EPS for the current year.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be given a $0.25 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.82%. PJT Partners’s dividend payout ratio is currently 27.55%.

Analyst Ratings Changes

PJT has been the topic of a number of research analyst reports. JMP Securities boosted their price objective on shares of PJT Partners from $120.00 to $142.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $128.00 target price (up previously from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. UBS Group upped their price target on shares of PJT Partners from $85.00 to $93.00 and gave the stock a “sell” rating in a research note on Tuesday, July 9th. Finally, The Goldman Sachs Group lifted their price objective on PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, PJT Partners presently has a consensus rating of “Hold” and a consensus target price of $116.80.

Institutional Trading of PJT Partners

Several large investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System lifted its holdings 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. Cambridge Investment Research Advisors Inc. lifted its stake in shares of PJT Partners by 1.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 12,004 shares of the financial services provider’s stock worth $1,295,000 after buying an additional 158 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of PJT Partners by 5.0% during the 4th quarter. Parallel Advisors LLC now owns 3,897 shares of the financial services provider’s stock worth $397,000 after buying an additional 184 shares during the period. SouthState Corp acquired a new position in PJT Partners in the 2nd quarter valued at $26,000. Finally, Intrust Bank NA raised its holdings in PJT Partners by 8.6% in the 4th quarter. Intrust Bank NA now owns 3,186 shares of the financial services provider’s stock worth $325,000 after acquiring an additional 251 shares during the period. Institutional investors own 89.23% of the company’s stock.

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.