19,511 Shares in PJT Partners Inc. $PJT Acquired by Odyssean LLC

Odyssean LLC bought a new stake in PJT Partners Inc. (NYSE:PJT) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 19,511 shares of the financial services provider’s stock, valued at approximately $2,945,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in shares of PJT Partners by 73.3% in the 2nd quarter. Versant Capital Management Inc now owns 234 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 99 shares during the last quarter. Compass Financial Management LLC acquired a new stake in shares of PJT Partners in the 2nd quarter valued at $36,000. Allworth Financial LP lifted its position in shares of PJT Partners by 85.8% during the 4th quarter. Allworth Financial LP now owns 288 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 133 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of PJT Partners during the 1st quarter worth $50,000. Finally, State of Wyoming acquired a new position in shares of PJT Partners during the second quarter worth $63,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Performance

NYSE PJT opened at $174.85 on Wednesday. The firm has a market cap of $4.47 billion, a PE ratio of 23.92 and a beta of 0.84. PJT Partners Inc. has a one year low of $127.73 and a one year high of $195.62. The firm’s fifty day moving average is $165.16 and its two-hundred day moving average is $155.46.

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. PJT Partners had a net margin of 10.57% and a return on equity of 32.66%. The business had revenue of $486.29 million during the quarter, compared to analysts’ expectations of $425.28 million. During the same period in the prior year, the company earned $1.54 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. Research analysts predict that PJT Partners Inc. will post 8 earnings per share for the current year.

PJT Partners Announces Dividend

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

Analyst Upgrades and Downgrades

PJT has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their target price on PJT Partners from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Wall Street Zen raised PJT Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Zacks Research raised PJT Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PJT Partners in a research report on Friday, May 29th. Finally, BMO Capital Markets increased their price objective on PJT Partners from $183.00 to $194.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $177.50.

Insider Buying and Selling

In other PJT Partners news, Director James Costos sold 1,723 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $175.00, for a total transaction of $301,525.00. Following the completion of the sale, the director directly owned 11,289 shares of the company’s stock, valued at approximately $1,975,575. This trade represents a 13.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emily K. Rafferty sold 1,100 shares of PJT Partners stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $167.35, for a total value of $184,085.00. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,951 shares of company stock valued at $2,061,681 over the last 90 days. Insiders own 10.98% of the company’s stock.

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.