PJT Partners (NYSE:PJT) Director Emily Rafferty Sells 1,100 Shares of Stock

PJT Partners Inc. (NYSE:PJT) Director Emily Rafferty sold 1,100 shares of PJT Partners stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $167.35, for a total value of $184,085.00. Following the completion of the transaction, the director owned 9,568 shares of the company’s stock, valued at approximately $1,601,204.80. This represents a 10.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

PJT Partners Stock Performance

Shares of PJT traded down $2.21 during mid-day trading on Monday, hitting $169.13. 306,708 shares of the company were exchanged, compared to its average volume of 389,447. PJT Partners Inc. has a 1-year low of $127.73 and a 1-year high of $195.62. The company has a 50 day moving average of $161.27 and a 200-day moving average of $155.83. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 23.14 and a beta of 0.83.

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

PJT Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 2nd. PJT Partners’s dividend payout ratio (DPR) is currently 13.68%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in shares of PJT Partners by 45.7% during the 1st quarter. Royal Bank of Canada now owns 11,471 shares of the financial services provider’s stock worth $1,581,000 after purchasing an additional 3,596 shares during the period. AQR Capital Management LLC lifted its position in PJT Partners by 57.7% in the first quarter. AQR Capital Management LLC now owns 7,330 shares of the financial services provider’s stock valued at $1,011,000 after buying an additional 2,681 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in PJT Partners by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,887 shares of the financial services provider’s stock valued at $1,915,000 after buying an additional 620 shares during the last quarter. Millennium Management LLC boosted its stake in PJT Partners by 1,394.5% during the first quarter. Millennium Management LLC now owns 52,563 shares of the financial services provider’s stock worth $7,247,000 after buying an additional 49,046 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in PJT Partners by 5.6% during the first quarter. Goldman Sachs Group Inc. now owns 370,536 shares of the financial services provider’s stock worth $51,090,000 after buying an additional 19,806 shares during the period. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PJT has been the topic of several recent research reports. Zacks Research upgraded PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of PJT Partners in a research report on Friday, May 29th. BMO Capital Markets boosted their price objective on PJT Partners from $183.00 to $194.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded PJT Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Keefe, Bruyette & Woods raised their target price on PJT Partners from $185.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $177.50.

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.