PJT Partners Inc. (NYSE:PJT) Shares Sold by Account Management LLC

Account Management LLC trimmed its stake in PJT Partners Inc. (NYSE:PJT) by 7.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,312 shares of the financial services provider’s stock after selling 187 shares during the quarter. PJT Partners makes up 0.3% of Account Management LLC’s holdings, making the stock its 23rd largest holding. Account Management LLC’s holdings in PJT Partners were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings 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 acquiring an additional 17,463 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of PJT Partners by 11,553.8% during the fourth quarter. Hsbc Holdings PLC now owns 510,089 shares of the financial services provider’s stock valued at $52,120,000 after buying an additional 505,712 shares in the last quarter. Champlain Investment Partners LLC purchased a new position in shares of PJT Partners during the first quarter valued at $43,029,000. Dimensional Fund Advisors LP grew its holdings in shares of PJT Partners by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 421,860 shares of the financial services provider’s stock valued at $42,976,000 after buying an additional 8,857 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of PJT Partners by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 223,134 shares of the financial services provider’s stock valued at $22,731,000 after buying an additional 15,491 shares in the last quarter. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PJT Partners news, Director Emily K. Rafferty sold 1,696 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $130.79, for a total value of $221,819.84. Following the completion of the sale, the director now owns 7,404 shares of the company’s stock, valued at $968,369.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Kievdi Don Cornwell sold 11,586 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $123.49, for a total transaction of $1,430,755.14. Following the completion of the transaction, the director now owns 8,339 shares of the company’s stock, valued at approximately $1,029,783.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Emily K. Rafferty sold 1,696 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $130.79, for a total value of $221,819.84. Following the transaction, the director now directly owns 7,404 shares of the company’s stock, valued at approximately $968,369.16. The disclosure for this sale can be found here. Insiders sold 25,297 shares of company stock valued at $3,092,668 over the last quarter. Insiders own 10.67% of the company’s stock.

PJT Partners Price Performance

Shares of NYSE PJT opened at $116.53 on Friday. The business’s 50-day moving average price is $119.54 and its two-hundred day moving average price is $106.81. PJT Partners Inc. has a one year low of $71.47 and a one year high of $136.90. The company has a market capitalization of $2.77 billion, a P/E ratio of 32.10 and a beta of 0.61.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.19 EPS for the quarter, beating 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 the consensus estimate of $281.93 million. During the same quarter in the previous year, the company posted $0.99 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that PJT Partners Inc. will post 4.35 EPS for the current year.

PJT Partners Dividend Announcement

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

Analyst Ratings Changes

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