Private Advisor Group LLC Purchases New Position in PJT Partners Inc. (NYSE:PJT)

Private Advisor Group LLC acquired a new position in shares of PJT Partners Inc. (NYSE:PJT) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,281 shares of the financial services provider’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Walleye Trading LLC grew its position in PJT Partners by 1.2% during the 3rd quarter. Walleye Trading LLC now owns 11,271 shares of the financial services provider’s stock worth $895,000 after acquiring an additional 136 shares during the last quarter. Prospector Partners LLC grew its holdings in shares of PJT Partners by 0.4% during the third quarter. Prospector Partners LLC now owns 59,850 shares of the financial services provider’s stock worth $4,754,000 after purchasing an additional 250 shares during the last quarter. Intrust Bank NA increased its stake in shares of PJT Partners by 8.6% in the fourth quarter. Intrust Bank NA now owns 3,186 shares of the financial services provider’s stock valued at $325,000 after buying an additional 251 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC raised its holdings in shares of PJT Partners by 2.7% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 10,263 shares of the financial services provider’s stock valued at $815,000 after buying an additional 267 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in PJT Partners by 3.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,683 shares of the financial services provider’s stock worth $1,088,000 after buying an additional 374 shares in the last quarter. 89.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on PJT shares. UBS Group restated a “sell” rating and issued a $75.00 price objective (down previously from $100.00) on shares of PJT Partners in a research report on Tuesday, March 26th. JMP Securities reissued a “market outperform” rating and set a $110.00 price target on shares of PJT Partners in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, PJT Partners has a consensus rating of “Hold” and a consensus target price of $93.25.

PJT Partners Stock Up 2.0 %

Shares of PJT stock opened at $107.02 on Friday. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 29.48 and a beta of 0.67. PJT Partners Inc. has a 12 month low of $66.43 and a 12 month high of $107.57. The stock has a 50-day moving average price of $96.89 and a 200 day moving average price of $96.52.

PJT Partners (NYSE:PJT) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.53. The company had revenue of $329.39 million for the quarter, compared to analyst estimates of $229.32 million. PJT Partners had a net margin of 7.57% and a return on equity of 17.36%. The company’s revenue for the quarter was up 64.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. Sell-side analysts predict that PJT Partners Inc. will post 4 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Wednesday, June 5th. PJT Partners’s payout ratio is 27.55%.

Insider Activity at PJT Partners

In other news, CFO Helen T. Meates sold 12,926 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $105.51, for a total transaction of $1,363,822.26. Following the completion of the transaction, the chief financial officer now directly owns 48,821 shares in the company, valued at approximately $5,151,103.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other PJT Partners news, CFO Helen T. Meates sold 12,926 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $105.51, for a total value of $1,363,822.26. Following the sale, the chief financial officer now directly owns 48,821 shares in the company, valued at $5,151,103.71. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ji-Yeun Lee sold 10,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $104.58, for a total transaction of $1,045,800.00. Following the completion of the transaction, the insider now directly owns 73,421 shares of the company’s stock, valued at approximately $7,678,368.18. The disclosure for this sale can be found here. 10.67% of the stock is currently owned by corporate insiders.

PJT Partners 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.