PJT Partners Inc. (NYSE:PJT) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lessened its position in shares of PJT Partners Inc. (NYSE:PJT) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,778 shares of the financial services provider’s stock after selling 97 shares during the quarter. Martingale Asset Management L P owned 0.10% of PJT Partners worth $3,037,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in PJT Partners by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,108 shares of the financial services provider’s stock valued at $1,519,000 after buying an additional 839 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of PJT Partners by 63.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 7,500 shares of the financial services provider’s stock worth $707,000 after purchasing an additional 2,900 shares during the last quarter. Park Place Capital Corp acquired a new position in PJT Partners during the second quarter valued at $205,000. OLD National Bancorp IN purchased a new stake in PJT Partners in the second quarter valued at $204,000. Finally, Opal Wealth Advisors LLC acquired a new stake in PJT Partners during the 2nd quarter worth about $30,000. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Trading Up 1.3 %

Shares of PJT stock opened at $167.36 on Friday. The company has a market capitalization of $3.97 billion, a P/E ratio of 42.48 and a beta of 0.61. PJT Partners Inc. has a 12-month low of $85.98 and a 12-month high of $168.92. The business’s 50 day moving average is $147.49 and its two-hundred day moving average is $126.48.

PJT Partners (NYSE:PJT) last released its quarterly 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 firm had revenue of $326.30 million for the quarter, compared to analysts’ expectations of $313.46 million. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. On average, research analysts predict 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. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.60%. PJT Partners’s dividend payout ratio is currently 25.38%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PJT shares. UBS Group boosted their price objective on PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a report on Tuesday, October 8th. JMP Securities boosted their price target on PJT Partners from $142.00 to $150.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $123.80.

Insider Buying and Selling

In other PJT Partners 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 transaction, the director now owns 9,100 shares in the company, valued at approximately $1,453,725. This trade represents a 15.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Costos sold 1,500 shares of PJT Partners stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $161.41, for a total transaction of $242,115.00. Following the sale, the director now directly owns 9,360 shares in the company, valued at approximately $1,510,797.60. This trade represents a 13.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,766 shares of company stock worth $1,951,480 in the last 90 days. Insiders own 11.71% of the company’s stock.

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.