David Adam Travin Sells 1,541 Shares of PJT Partners Inc. (NYSE:PJT) Stock

PJT Partners Inc. (NYSE:PJT) General Counsel David Adam Travin sold 1,541 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $159.18, for a total transaction of $245,296.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

PJT Partners Stock Up 0.1 %

PJT traded up $0.19 during trading on Friday, hitting $159.34. The company’s stock had a trading volume of 179,220 shares, compared to its average volume of 234,199. The firm has a market capitalization of $3.78 billion, a P/E ratio of 40.39 and a beta of 0.61. PJT Partners Inc. has a twelve month low of $81.25 and a twelve month high of $163.54. The stock’s fifty day moving average price is $135.51 and its 200-day moving average price is $119.23.

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

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.25 dividend. The ex-dividend date of this dividend 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 presently 25.38%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PJT. The Goldman Sachs Group lifted their price target on PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. UBS Group boosted their target price 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. JMP Securities upped their price target on shares of PJT Partners from $142.00 to $150.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $128.00 price target (up previously from $108.00) on shares of PJT Partners in a report on Wednesday, July 31st. Two 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $123.80.

Institutional Trading of PJT Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its holdings in PJT Partners by 116.0% during the 1st quarter. BNP Paribas Financial Markets now owns 41,251 shares of the financial services provider’s stock worth $3,888,000 after acquiring an additional 22,157 shares during the last quarter. Texas Permanent School Fund Corp lifted its position in shares of PJT Partners by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 19,517 shares of the financial services provider’s stock worth $1,840,000 after buying an additional 255 shares in the last quarter. Duality Advisers LP purchased a new position in shares of PJT Partners in the 1st quarter worth approximately $507,000. Illinois Municipal Retirement Fund purchased a new position in shares of PJT Partners in the 1st quarter worth approximately $1,262,000. Finally, ProShare Advisors LLC increased its position in shares of PJT Partners by 7.3% during the first quarter. ProShare Advisors LLC now owns 4,754 shares of the financial services provider’s stock valued at $448,000 after acquiring an additional 323 shares during the last quarter. 89.23% of the stock is owned by 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.