Strs Ohio grew its holdings in shares of PJT Partners Inc. (NYSE:PJT – Free Report) by 113.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 7,900 shares of the financial services provider’s stock after acquiring an additional 4,200 shares during the period. Strs Ohio’s holdings in PJT Partners were worth $1,104,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP increased its position in PJT Partners by 85.8% during the 4th quarter. Allworth Financial LP now owns 288 shares of the financial services provider’s stock valued at $48,000 after buying an additional 133 shares in the last quarter. State of Wyoming bought a new stake in PJT Partners in the second quarter worth $63,000. Kestra Advisory Services LLC purchased a new stake in shares of PJT Partners in the fourth quarter worth $65,000. Exchange Traded Concepts LLC purchased a new stake in shares of PJT Partners in the fourth quarter worth $86,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of PJT Partners by 2,338.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 512 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.
Insider Activity at PJT Partners
In other PJT Partners news, General Counsel David Adam Travin sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $152.43, for a total transaction of $457,290.00. Following the completion of the sale, the general counsel directly owned 2,052 shares of the company’s stock, valued at approximately $312,786.36. This represents a 59.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Helen T. Meates sold 8,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $153.19, for a total transaction of $1,225,520.00. Following the completion of the transaction, the chief financial officer owned 58,466 shares in the company, valued at $8,956,406.54. The trade was a 12.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 10.98% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
View Our Latest Analysis on PJT Partners
PJT Partners Trading Down 1.8%
NYSE:PJT opened at $168.97 on Wednesday. The company has a market cap of $4.36 billion, a PE ratio of 24.63 and a beta of 0.85. The company has a 50 day simple moving average of $155.81 and a two-hundred day simple moving average of $157.32. PJT Partners Inc. has a 12 month low of $127.73 and a 12 month high of $195.62.
PJT Partners (NYSE:PJT – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. The firm had revenue of $418.20 million for the quarter, compared to the consensus estimate of $409.38 million. PJT Partners had a return on equity of 32.00% and a net margin of 10.32%.The company’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. Research analysts forecast that PJT Partners Inc. will post 7.5 earnings per share for the current year.
PJT Partners Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. PJT Partners’s dividend payout ratio is presently 14.58%.
PJT Partners Company Profile
PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.
The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.
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