Seneca House Advisors Takes $202,000 Position in PJT Partners Inc. (NYSE:PJT)

Seneca House Advisors bought a new position in PJT Partners Inc. (NYSE:PJT) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,280 shares of the financial services provider’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp increased its position in PJT Partners by 5.7% in the third quarter. State Street Corp now owns 1,001,911 shares of the financial services provider’s stock worth $133,595,000 after buying an additional 54,071 shares in the last quarter. Geode Capital Management LLC increased its holdings in PJT Partners by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider’s stock worth $82,556,000 after acquiring an additional 45,327 shares in the last quarter. Champlain Investment Partners LLC raised its stake in PJT Partners by 7.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 594,359 shares of the financial services provider’s stock worth $79,252,000 after acquiring an additional 41,119 shares during the period. Dimensional Fund Advisors LP lifted its holdings in PJT Partners by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 458,216 shares of the financial services provider’s stock valued at $49,446,000 after purchasing an additional 22,117 shares in the last quarter. Finally, FMR LLC boosted its position in shares of PJT Partners by 10.9% in the third quarter. FMR LLC now owns 417,271 shares of the financial services provider’s stock worth $55,639,000 after purchasing an additional 41,007 shares during the period. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Kenneth C. Whitney sold 1,725 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $159.75, for a total value of $275,568.75. Following the completion of the sale, the director now directly owns 9,100 shares in the company, valued at $1,453,725. This trade represents a 15.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel David Adam Travin sold 1,541 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $159.18, for a total transaction of $245,296.38. The disclosure for this sale can be found here. Insiders sold 4,766 shares of company stock valued at $762,980 in the last ninety days. Insiders own 11.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on PJT. JMP Securities downgraded shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Citizens Jmp downgraded PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. UBS Group upgraded PJT Partners from a “sell” rating to a “neutral” rating and increased their target price for the stock from $130.00 to $175.00 in a research report on Friday, December 6th. Finally, Keefe, Bruyette & Woods decreased their target price on PJT Partners from $159.00 to $152.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $152.25.

PJT Partners Trading Down 0.8 %

Shares of PJT stock opened at $161.75 on Friday. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 41.05 and a beta of 0.66. PJT Partners Inc. has a 12-month low of $88.51 and a 12-month high of $168.92. The stock’s 50-day moving average price is $159.68 and its 200-day moving average price is $140.68.

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. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The business had revenue of $326.30 million for the quarter, compared to the consensus estimate of $313.46 million. During the same quarter in the previous year, the company posted $0.78 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. As a group, research analysts predict that PJT Partners Inc. will post 4.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. PJT Partners’s dividend payout ratio (DPR) is presently 25.38%.

PJT Partners 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.