PJT Partners Inc. (PJT) To Go Ex-Dividend on September 2nd

PJT Partners Inc. (NYSE:PJT) declared a quarterly dividend on Monday, July 27th. Stockholders of record on Wednesday, September 2nd will be given a dividend of 0.25 per share by the financial services provider on Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, September 2nd.

PJT Partners has increased its dividend by an average of 0.4%annually over the last three years. PJT Partners has a dividend payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PJT Partners to earn $9.05 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 11.0%.

PJT Partners Stock Up 0.1%

Shares of PJT opened at $183.02 on Monday. The business has a fifty day moving average of $166.55 and a 200 day moving average of $155.82. The company has a market cap of $4.68 billion, a PE ratio of 25.04 and a beta of 0.83. PJT Partners has a 52-week low of $127.73 and a 52-week high of $195.62.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.40. The business had revenue of $486.29 million for the quarter, compared to analysts’ expectations of $425.28 million. PJT Partners had a net margin of 10.57% and a return on equity of 32.66%. The business’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.54 earnings per share. As a group, research analysts anticipate that PJT Partners will post 8 earnings per share for the current fiscal year.

Insider Activity at PJT Partners

In related news, Director James Costos sold 1,723 shares of PJT Partners stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $175.00, for a total transaction of $301,525.00. Following the completion of the sale, the director owned 11,289 shares in the company, valued at $1,975,575. This trade represents a 13.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Emily K. Rafferty sold 1,100 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $167.35, for a total transaction 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 represents a 10.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 11,951 shares of company stock worth $2,061,681. Corporate insiders own 10.98% of the company’s stock.

Hedge Funds Weigh In On PJT Partners

Several institutional investors have recently bought and sold shares of PJT. Corient Private Wealth LP increased its holdings in shares of PJT Partners by 0.9% in the 2nd quarter. Corient Private Wealth LP now owns 10,116 shares of the financial services provider’s stock valued at $1,527,000 after acquiring an additional 90 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in PJT Partners during the second quarter valued at about $226,000. California State Teachers Retirement System boosted its position in PJT Partners by 13,745.6% during the second quarter. California State Teachers Retirement System now owns 3,860,291 shares of the financial services provider’s stock valued at $582,672,000 after purchasing an additional 3,832,410 shares in the last quarter. Compass Financial Management LLC purchased a new position in PJT Partners in the second quarter valued at about $32,000. Finally, Odyssean LLC purchased a new position in PJT Partners in the second quarter valued at about $2,945,000. 89.23% of the stock is owned by hedge funds and other institutional investors.

About PJT Partners

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.