PJT Partners Inc. (NYSE:PJT) General Counsel Sells $245,296.38 in Stock

PJT Partners Inc. (NYSE:PJT) General Counsel David Adam Travin sold 1,541 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $159.18, for a total value of $245,296.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

PJT Partners Trading Up 0.1 %

Shares of PJT stock traded up $0.19 during trading hours 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 stock has a market cap of $3.78 billion, a PE ratio of 40.39 and a beta of 0.61. PJT Partners Inc. has a 12-month low of $81.25 and a 12-month high of $163.54. The company has a 50 day moving average of $135.51 and a 200 day moving average of $119.23.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $326.30 million during the quarter, compared to the consensus estimate of $313.46 million. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 earnings per share. As a group, analysts anticipate that PJT Partners Inc. will post 4.4 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The business 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Wednesday, December 4th. PJT Partners’s dividend payout ratio (DPR) is 25.38%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PJT shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $128.00 target price (up from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. JMP Securities lifted their price objective on shares of PJT Partners from $142.00 to $150.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group upped their target price on PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, UBS Group lifted their price target on PJT Partners from $110.00 to $120.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $123.80.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. SouthState Corp acquired a new stake in PJT Partners during the second quarter valued at $26,000. Opal Wealth Advisors LLC purchased a new position in shares of PJT Partners in the 2nd quarter valued at about $30,000. GAMMA Investing LLC raised its holdings in PJT Partners by 76.4% in the 3rd quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 146 shares during the period. KBC Group NV boosted its position in PJT Partners by 113.0% during the third quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 426 shares in the last quarter. Finally, EntryPoint Capital LLC grew its holdings in PJT Partners by 27.6% in the first quarter. EntryPoint Capital LLC now owns 1,662 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 359 shares during the period. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

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.