Insider Selling: PJT Partners Inc. (NYSE:PJT) Director Sells 1,725 Shares of Stock

PJT Partners Inc. (NYSE:PJT) Director Kenneth C. Whitney sold 1,725 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total value of $275,568.75. Following the sale, the director now directly owns 9,100 shares in the company, valued at approximately $1,453,725. The trade was a 15.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

PJT Partners Price Performance

Shares of NYSE:PJT opened at $159.09 on Friday. The business has a 50-day moving average of $138.64 and a two-hundred day moving average of $121.20. The firm has a market capitalization of $3.77 billion, a PE ratio of 40.38 and a beta of 0.61. PJT Partners Inc. has a 12 month low of $82.64 and a 12 month high of $163.85.

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 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 during the quarter, compared to the consensus estimate of $313.46 million. During the same period in the previous year, the firm earned $0.78 earnings per share. PJT Partners’s revenue for the quarter was up 17.2% on a year-over-year basis. As a group, research analysts anticipate that PJT Partners Inc. will post 4.4 earnings per share for the current year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Wednesday, December 4th. PJT Partners’s dividend payout ratio is presently 25.38%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PJT. The Goldman Sachs Group upped their target price 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. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $128.00 price target (up from $108.00) on shares of PJT Partners in a report on Wednesday, July 31st. JMP Securities lifted their price objective on 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, UBS Group increased their target price 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 analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, PJT Partners has a consensus rating of “Hold” and a consensus target price of $123.80.

Institutional Investors Weigh In On PJT Partners

Large investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in shares of PJT Partners by 2.2% during the third quarter. Captrust Financial Advisors now owns 3,149 shares of the financial services provider’s stock worth $420,000 after buying an additional 67 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of PJT Partners by 0.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the financial services provider’s stock worth $1,198,000 after purchasing an additional 100 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of PJT Partners by 0.9% in the 3rd quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider’s stock worth $1,425,000 after purchasing an additional 100 shares during the last quarter. American Century Companies Inc. raised its stake in shares of PJT Partners by 0.8% in the 2nd quarter. American Century Companies Inc. now owns 14,837 shares of the financial services provider’s stock valued at $1,601,000 after purchasing an additional 120 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of PJT Partners by 3.3% during the second quarter. AQR Capital Management LLC now owns 4,207 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 136 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

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.