Insider Selling: PJT Partners Inc. (NYSE:PJT) Director Sells 1,500 Shares of Stock

PJT Partners Inc. (NYSE:PJT) Director James Costos sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $161.41, for a total value of $242,115.00. Following the completion of the transaction, the director now owns 9,360 shares in the company, valued at approximately $1,510,797.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

PJT Partners Trading Up 0.2 %

Shares of PJT stock opened at $159.39 on Monday. PJT Partners Inc. has a twelve month low of $81.25 and a twelve month high of $163.54. The company’s 50-day moving average price is $136.23 and its 200-day moving average price is $120.01. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 40.45 and a beta of 0.61.

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

PJT Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a $0.25 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.00 annualized dividend and a yield of 0.63%. PJT Partners’s payout ratio is 25.38%.

Institutional Investors Weigh In On PJT Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PJT. SouthState Corp purchased a new stake in PJT Partners in the 2nd quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of PJT Partners during the second quarter valued at about $30,000. GAMMA Investing LLC raised its stake in shares of PJT Partners by 76.4% in the 3rd quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 146 shares during the period. KBC Group NV lifted its holdings in shares of PJT Partners by 113.0% in the 3rd quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 426 shares during the last quarter. Finally, EntryPoint Capital LLC boosted its position in shares of PJT Partners by 27.6% during the 1st quarter. EntryPoint Capital LLC now owns 1,662 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 359 shares during the period. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Analyst Ratings Changes

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

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.