PJT Partners Inc. (NYSE:PJT) Director Kenneth C. Whitney Sells 1,725 Shares

PJT Partners Inc. (NYSE:PJT) Director Kenneth C. Whitney sold 1,725 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total value of $275,568.75. Following the sale, the director now owns 9,100 shares of the company’s stock, valued at approximately $1,453,725. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

PJT Partners Trading Down 0.7 %

Shares of PJT Partners stock opened at $159.59 on Wednesday. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 40.51 and a beta of 0.61. The firm’s 50-day moving average price is $137.80 and its two-hundred day moving average price is $120.93. PJT Partners Inc. has a 1-year low of $82.00 and a 1-year high of $163.85.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The business had revenue of $326.30 million for the quarter, compared to analyst estimates of $313.46 million. During the same period in the prior year, the company earned $0.78 EPS. PJT Partners’s revenue for the quarter was up 17.2% on a year-over-year basis. As a group, equities research analysts predict that PJT Partners Inc. will post 4.4 EPS for the current year.

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.63%. PJT Partners’s dividend payout ratio (DPR) is presently 25.38%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PJT shares. UBS Group raised their price objective on shares of PJT Partners from $110.00 to $120.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. The Goldman Sachs Group lifted their price objective on PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $128.00 target price (up from $108.00) on shares of PJT Partners in a report on Wednesday, July 31st. Finally, JMP Securities boosted their price target on PJT Partners from $142.00 to $150.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $123.80.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Champlain Investment Partners LLC raised its stake in shares of PJT Partners by 7.4% in the third quarter. Champlain Investment Partners LLC now owns 594,359 shares of the financial services provider’s stock worth $79,252,000 after acquiring an additional 41,119 shares during the last quarter. Citigroup Inc. lifted its holdings in PJT Partners by 101.1% during the 3rd quarter. Citigroup Inc. now owns 30,103 shares of the financial services provider’s stock worth $4,014,000 after buying an additional 15,135 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in PJT Partners by 4.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 252,090 shares of the financial services provider’s stock worth $33,614,000 after buying an additional 11,707 shares in the last quarter. Intech Investment Management LLC bought a new position in PJT Partners in the 3rd quarter valued at $689,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of PJT Partners by 10.7% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 117,231 shares of the financial services provider’s stock valued at $15,631,000 after buying an additional 11,337 shares during the period. 89.23% of the stock is owned by institutional investors.

About PJT Partners

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.