PJT Partners (NYSE:PJT) CFO Sells $1,225,520.00 in Stock

PJT Partners Inc. (NYSE:PJT) CFO Helen Meates sold 8,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer owned 58,466 shares in the company, valued at approximately $8,956,406.54. The trade was a 12.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

PJT Partners Price Performance

Shares of PJT Partners stock opened at $154.72 on Monday. PJT Partners Inc. has a 1 year low of $127.73 and a 1 year high of $195.62. The firm’s 50-day moving average is $145.33 and its two-hundred day moving average is $161.95. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 22.55 and a beta of 0.86.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.03. PJT Partners had a net margin of 10.32% and a return on equity of 32.00%. The company had revenue of $418.20 million for the quarter, compared to analysts’ expectations of $409.38 million. During the same period in the prior year, the business earned $1.05 EPS. The firm’s quarterly revenue was up 28.9% on a year-over-year basis. On average, equities analysts expect that PJT Partners Inc. will post 7.5 earnings per share for the current year.

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, June 3rd. PJT Partners’s dividend payout ratio is presently 14.58%.

Hedge Funds Weigh In On PJT Partners

A number of institutional investors have recently bought and sold shares of the business. Diversify Wealth Management LLC raised its position in PJT Partners by 38.9% during the 1st quarter. Diversify Wealth Management LLC now owns 14,565 shares of the financial services provider’s stock worth $2,215,000 after buying an additional 4,082 shares during the last quarter. Fifth Third Bancorp raised its position in PJT Partners by 25,948.0% during the 1st quarter. Fifth Third Bancorp now owns 13,024 shares of the financial services provider’s stock worth $1,820,000 after buying an additional 12,974 shares during the last quarter. Strs Ohio raised its position in PJT Partners by 113.5% during the 1st quarter. Strs Ohio now owns 7,900 shares of the financial services provider’s stock worth $1,104,000 after buying an additional 4,200 shares during the last quarter. Pictet Asset Management Holding SA raised its position in PJT Partners by 8.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,798 shares of the financial services provider’s stock worth $531,000 after buying an additional 295 shares during the last quarter. Finally, Wasatch Advisors LP raised its position in PJT Partners by 40.4% during the 1st quarter. Wasatch Advisors LP now owns 824,537 shares of the financial services provider’s stock worth $115,204,000 after buying an additional 237,428 shares during the last quarter. 89.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PJT has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of PJT Partners in a report on Thursday, January 22nd. The Goldman Sachs Group upgraded shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Wednesday, April 1st. UBS Group raised their price target on shares of PJT Partners from $152.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Wall Street Zen cut shares of PJT Partners from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Wolfe Research restated an “underperform” rating and issued a $150.00 price target on shares of PJT Partners in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $173.33.

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.