PJT Partners Inc. (NYSE:PJT - Get Free Report) Director Kenneth C. Whitney sold 1,725 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total transaction of $275,568.75. Following the completion of the transaction, the director now owns 9,100 shares in the company, valued at $1,453,725. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
PJT Partners Price Performance
Shares of PJT Partners stock opened at $159.59 on Wednesday. The company has a market capitalization of $3.78 billion, a P/E ratio of 40.51 and a beta of 0.61. The business has a 50-day moving average of $137.80 and a two-hundred day moving average of $120.93. PJT Partners Inc. has a 1 year low of $82.00 and a 1 year high of $163.85.
PJT Partners (NYSE:PJT - Get Free Report) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.02. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The business had revenue of $326.30 million during the quarter, compared to analysts' expectations of $313.46 million. During the same period in the prior year, the business earned $0.78 EPS. PJT Partners's revenue for the quarter was up 17.2% compared to the same quarter last year. On average, equities analysts anticipate that PJT Partners Inc. will post 4.4 EPS for the current fiscal year.
PJT Partners Announces Dividend
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a $0.25 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.00 annualized dividend and a yield of 0.63%. PJT Partners's dividend payout ratio is currently 25.38%.
Hedge Funds Weigh In On PJT Partners
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PJT. Champlain Investment Partners LLC raised its stake in shares of PJT Partners by 7.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 594,359 shares of the financial services provider's stock valued at $79,252,000 after purchasing an additional 41,119 shares during the period. Citigroup Inc. grew its holdings in shares of PJT Partners by 101.1% during the third quarter. Citigroup Inc. now owns 30,103 shares of the financial services provider's stock worth $4,014,000 after buying an additional 15,135 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in PJT Partners by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 252,090 shares of the financial services provider's stock valued at $33,614,000 after buying an additional 11,707 shares during the last quarter. Intech Investment Management LLC bought a new stake in PJT Partners in the 3rd quarter valued at approximately $689,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in PJT Partners by 10.7% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 117,231 shares of the financial services provider's stock valued at $15,631,000 after acquiring an additional 11,337 shares in the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. UBS Group raised their price target on PJT Partners from $110.00 to $120.00 and gave the stock a "sell" rating in a research report on Tuesday, October 8th. The Goldman Sachs Group boosted their target price on PJT Partners from $115.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $128.00 price target (up from $108.00) on shares of PJT Partners in a research report on Wednesday, July 31st. Finally, JMP Securities boosted their price objective on shares of PJT Partners from $142.00 to $150.00 and gave the company a "market outperform" rating in a report on Wednesday, October 9th. Two equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $123.80.
View Our Latest Analysis on PJT
PJT Partners Company Profile
(
Get Free Report)
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.
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