Insider Selling: PJT Partners Inc. (NYSE:PJT) General Counsel Sells $708,700.00 in Stock

PJT Partners Inc. (NYSE:PJT) General Counsel David Adam Travin sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $141.74, for a total value of $708,700.00. Following the completion of the sale, the general counsel now directly owns 2,288 shares in the company, valued at approximately $324,301.12. This trade represents a 68.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

PJT Partners Trading Up 2.4 %

PJT stock opened at $143.22 on Monday. The firm’s 50-day moving average is $139.19 and its two-hundred day moving average is $152.49. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 29.23 and a beta of 0.76. PJT Partners Inc. has a 52 week low of $97.74 and a 52 week high of $190.28.

PJT Partners (NYSE:PJT) last released its earnings results on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The firm had revenue of $324.50 million during the quarter, compared to the consensus estimate of $361.26 million. During the same period in the prior year, the firm posted $0.98 earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities research analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.00 annualized dividend and a yield of 0.70%. PJT Partners’s dividend payout ratio is currently 17.64%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PJT shares. Citizens Jmp downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Keefe, Bruyette & Woods raised their price target on shares of PJT Partners from $152.00 to $177.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Finally, JMP Securities downgraded PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $158.50.

Institutional Investors Weigh In On PJT Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its position in shares of PJT Partners by 52.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 169,986 shares of the financial services provider’s stock valued at $23,438,000 after purchasing an additional 58,656 shares in the last quarter. TimesSquare Capital Management LLC boosted its holdings in PJT Partners by 1.5% during the first quarter. TimesSquare Capital Management LLC now owns 132,852 shares of the financial services provider’s stock worth $18,318,000 after buying an additional 1,904 shares in the last quarter. MQS Management LLC acquired a new position in PJT Partners in the first quarter worth approximately $341,000. Pittenger & Anderson Inc. increased its holdings in shares of PJT Partners by 63.5% in the first quarter. Pittenger & Anderson Inc. now owns 2,305 shares of the financial services provider’s stock valued at $318,000 after buying an additional 895 shares in the last quarter. Finally, Diversify Wealth Management LLC lifted its position in shares of PJT Partners by 52.8% during the 1st quarter. Diversify Wealth Management LLC now owns 9,974 shares of the financial services provider’s stock valued at $1,411,000 after acquiring an additional 3,446 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors.

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.