Insider Selling: PJT Partners Inc. (NYSE:PJT) Insider Sells $1,188,500.00 in Stock

PJT Partners Inc. (NYSE:PJT) insider Ji-Yeun Lee sold 10,000 shares of PJT Partners stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $118.85, for a total transaction of $1,188,500.00. Following the transaction, the insider now owns 61,433 shares of the company’s stock, valued at approximately $7,301,312.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

PJT Partners Stock Down 2.0 %

PJT stock opened at $116.53 on Friday. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 32.08 and a beta of 0.61. The stock’s fifty day simple moving average is $119.54 and its 200-day simple moving average is $106.81. PJT Partners Inc. has a 52-week low of $71.47 and a 52-week high of $136.90.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.49. PJT Partners had a return on equity of 18.04% and a net margin of 7.96%. The firm had revenue of $360.00 million for the quarter, compared to analyst estimates of $281.93 million. During the same period last year, the company earned $0.99 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, analysts anticipate that PJT Partners Inc. will post 4.35 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Wednesday, September 4th. PJT Partners’s dividend payout ratio (DPR) is 27.55%.

Hedge Funds Weigh In On PJT Partners

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of PJT Partners by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,447,154 shares of the financial services provider’s stock worth $230,669,000 after buying an additional 17,463 shares during the period. Hsbc Holdings PLC raised its holdings in shares of PJT Partners by 11,553.8% in the 4th quarter. Hsbc Holdings PLC now owns 510,089 shares of the financial services provider’s stock worth $52,120,000 after purchasing an additional 505,712 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of PJT Partners by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 458,216 shares of the financial services provider’s stock valued at $49,446,000 after purchasing an additional 22,117 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in shares of PJT Partners during the 1st quarter worth about $43,029,000. Finally, Charles Schwab Investment Management Inc. increased its position in PJT Partners by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 223,134 shares of the financial services provider’s stock worth $22,731,000 after purchasing an additional 15,491 shares in the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PJT shares. UBS Group lifted their price objective on PJT Partners from $85.00 to $93.00 and gave the stock a “sell” rating in a research report on Tuesday, July 9th. The Goldman Sachs Group upped their price objective on PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. JMP Securities lifted their price objective on PJT Partners from $120.00 to $142.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $128.00 target price (up previously from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, PJT Partners has a consensus rating of “Hold” and a consensus target price of $116.80.

PJT Partners Company Profile

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.