PJT Partners (NYSE:PJT) Director Sells $184,085.00 in Stock

PJT Partners Inc. (NYSE:PJT) Director Emily Rafferty sold 1,100 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $167.35, for a total value of $184,085.00. Following the transaction, the director owned 9,568 shares in the company, valued at $1,601,204.80. This trade represents a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PJT Partners Stock Performance

Shares of NYSE PJT traded down $2.21 during trading on Monday, reaching $169.13. The stock had a trading volume of 306,708 shares, compared to its average volume of 389,447. The company has a market cap of $4.32 billion, a P/E ratio of 23.14 and a beta of 0.83. PJT Partners Inc. has a fifty-two week low of $127.73 and a fifty-two week high of $195.62. The business’s 50-day moving average price is $161.27 and its 200-day moving average price is $155.83.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, July 28th. The financial services provider reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.40. The company had revenue of $486.29 million during the quarter, compared to analysts’ expectations of $425.28 million. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%.PJT Partners’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the business posted $1.54 EPS. Analysts forecast that PJT Partners Inc. will post 8 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. PJT Partners’s dividend payout ratio (DPR) is presently 13.68%.

Hedge Funds Weigh In On PJT Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in PJT Partners by 45.7% in the first quarter. Royal Bank of Canada now owns 11,471 shares of the financial services provider’s stock valued at $1,581,000 after purchasing an additional 3,596 shares during the last quarter. AQR Capital Management LLC grew its position in shares of PJT Partners by 57.7% in the 1st quarter. AQR Capital Management LLC now owns 7,330 shares of the financial services provider’s stock valued at $1,011,000 after buying an additional 2,681 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of PJT Partners by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,887 shares of the financial services provider’s stock valued at $1,915,000 after buying an additional 620 shares during the last quarter. Millennium Management LLC raised its stake in PJT Partners by 1,394.5% during the 1st quarter. Millennium Management LLC now owns 52,563 shares of the financial services provider’s stock worth $7,247,000 after acquiring an additional 49,046 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in PJT Partners by 5.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 370,536 shares of the financial services provider’s stock worth $51,090,000 after acquiring an additional 19,806 shares in the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Zacks Research upgraded shares of PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Wall Street Zen raised PJT Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. UBS Group reiterated a “neutral” rating and issued a $176.00 price objective on shares of PJT Partners in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods raised their target price on shares of PJT Partners from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, BMO Capital Markets lifted their price target on shares of PJT Partners from $183.00 to $194.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, PJT Partners currently has an average rating of “Hold” and an average target price of $177.50.

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.