PJT Partners Inc. (NYSE:PJT) Insider Ji-Yeun Lee Sells 10,000 Shares

PJT Partners Inc. (NYSE:PJT) insider Ji-Yeun Lee sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $118.85, for a total value of $1,188,500.00. Following the completion of the sale, the insider now directly owns 61,433 shares of the company’s stock, valued at approximately $7,301,312.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

PJT Partners Stock Down 1.1 %

Shares of PJT traded down $1.30 during mid-day trading on Wednesday, reaching $116.84. 139,975 shares of the company’s stock were exchanged, compared to its average volume of 241,552. PJT Partners Inc. has a 52-week low of $71.47 and a 52-week high of $136.90. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 32.17 and a beta of 0.61. The company has a 50-day simple moving average of $119.07 and a two-hundred day simple moving average of $106.65.

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

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. PJT Partners’s dividend payout ratio (DPR) is 27.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PJT. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $128.00 price target (up previously from $108.00) on shares of PJT Partners in a report on Wednesday, July 31st. The Goldman Sachs Group boosted their price target on PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. UBS Group upped their price target on PJT Partners from $85.00 to $93.00 and gave the stock a “sell” rating in a report on Tuesday, July 9th. Finally, 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 report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $116.80.

Institutional Investors Weigh In On PJT Partners

Several hedge funds have recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of PJT Partners by 36.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,049 shares of the financial services provider’s stock valued at $8,017,000 after buying an additional 22,556 shares during the period. Maryland State Retirement & Pension System purchased a new position in shares of PJT Partners during the 4th quarter worth $826,000. Illinois Municipal Retirement Fund acquired a new stake in shares of PJT Partners during the first quarter worth $1,262,000. Champlain Investment Partners LLC acquired a new stake in shares of PJT Partners during the first quarter worth $43,029,000. Finally, BNP Paribas Financial Markets increased its stake in PJT Partners by 116.0% in the first quarter. BNP Paribas Financial Markets now owns 41,251 shares of the financial services provider’s stock valued at $3,888,000 after purchasing an additional 22,157 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

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.