David Adam Travin Sells 1,541 Shares of PJT Partners Inc. (NYSE:PJT) Stock

PJT Partners Inc. (NYSE:PJT) General Counsel David Adam Travin sold 1,541 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $159.18, for a total transaction of $245,296.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

PJT Partners Stock Performance

PJT opened at $159.39 on Friday. The business’s fifty day moving average is $136.23 and its 200-day moving average is $119.84. The firm has a market cap of $3.78 billion, a P/E ratio of 40.45 and a beta of 0.61. PJT Partners Inc. has a 52-week low of $81.25 and a 52-week high of $163.54.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $326.30 million for the quarter, compared to analyst estimates of $313.46 million. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The company’s revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 earnings per share. On average, research analysts predict that PJT Partners Inc. will post 4.4 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.25 per share. 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 is presently 25.38%.

Wall Street Analysts Forecast Growth

PJT has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $128.00 price objective (up from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. JMP Securities increased their price objective on shares of PJT Partners from $142.00 to $150.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. UBS Group increased 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. Finally, The Goldman Sachs Group raised their price objective on shares of PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Two equities 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $123.80.

Institutional Trading of PJT Partners

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets grew its position in PJT Partners by 116.0% during the 1st quarter. BNP Paribas Financial Markets now owns 41,251 shares of the financial services provider’s stock worth $3,888,000 after acquiring an additional 22,157 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of PJT Partners by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 19,517 shares of the financial services provider’s stock valued at $1,840,000 after purchasing an additional 255 shares during the period. Duality Advisers LP purchased a new position in shares of PJT Partners in the 1st quarter valued at approximately $507,000. Illinois Municipal Retirement Fund purchased a new position in shares of PJT Partners in the 1st quarter valued at approximately $1,262,000. Finally, ProShare Advisors LLC lifted its stake in shares of PJT Partners by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 4,754 shares of the financial services provider’s stock valued at $448,000 after purchasing an additional 323 shares during the period. Hedge funds and other institutional investors own 89.23% of the company’s stock.

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.