SG Americas Securities LLC Lowers Stock Holdings in PJT Partners Inc. $PJT

SG Americas Securities LLC lessened its holdings in PJT Partners Inc. (NYSE:PJT) by 44.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,390 shares of the financial services provider’s stock after selling 4,385 shares during the period. SG Americas Securities LLC’s holdings in PJT Partners were worth $753,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in PJT Partners by 28.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 110,454 shares of the financial services provider’s stock worth $19,631,000 after purchasing an additional 24,502 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in PJT Partners during the fourth quarter valued at $1,373,000. Bessemer Group Inc. increased its holdings in PJT Partners by 1,446.5% in the 4th quarter. Bessemer Group Inc. now owns 115,000 shares of the financial services provider’s stock valued at $19,229,000 after acquiring an additional 107,564 shares during the last quarter. Azora Capital LP bought a new stake in PJT Partners in the 3rd quarter valued at $40,061,000. Finally, Kornitzer Capital Management Inc. KS boosted its holdings in shares of PJT Partners by 28.8% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 35,055 shares of the financial services provider’s stock valued at $5,861,000 after purchasing an additional 7,830 shares during the last quarter. 89.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PJT. The Goldman Sachs Group raised 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. Weiss Ratings reissued a “hold (c)” rating on shares of PJT Partners in a research note on Friday, May 29th. UBS Group lifted their price objective on PJT Partners from $152.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Zacks Research raised PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Keefe, Bruyette & Woods increased their target price on PJT Partners from $166.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $173.33.

Insider Activity

In related news, General Counsel David Adam Travin sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $152.43, for a total transaction of $457,290.00. Following the transaction, the general counsel directly owned 2,052 shares in the company, valued at approximately $312,786.36. This represents a 59.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Helen T. 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 completion of the sale, the chief financial officer directly owned 58,466 shares in the company, valued at $8,956,406.54. This trade represents a 12.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 10.98% of the stock is currently owned by company insiders.

PJT Partners Stock Performance

Shares of PJT Partners stock opened at $172.30 on Tuesday. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 25.17 and a beta of 0.85. The stock has a 50 day moving average price of $155.49 and a 200-day moving average price of $157.32. PJT Partners Inc. has a one year low of $127.73 and a one year high of $195.62.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.03. The company had revenue of $418.20 million for the quarter, compared to analyst estimates of $409.38 million. PJT Partners had a return on equity of 32.00% and a net margin of 10.32%.PJT Partners’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 EPS. Sell-side analysts predict that PJT Partners Inc. will post 7.5 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were paid a $0.25 dividend. 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 currently 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.