Odyssean LLC Takes $2.94 Million Position in PJT Partners Inc. $PJT

Odyssean LLC purchased a new stake in PJT Partners Inc. (NYSE:PJT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,511 shares of the financial services provider’s stock, valued at approximately $2,945,000. Odyssean LLC owned about 0.08% of PJT Partners as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC lifted its position in PJT Partners by 60.5% during the second quarter. Concurrent Investment Advisors LLC now owns 3,812 shares of the financial services provider’s stock worth $575,000 after buying an additional 1,437 shares in the last quarter. Nykredit A S purchased a new stake in PJT Partners in the 2nd quarter valued at $209,000. B. Metzler seel. Sohn & Co. AG increased its stake in shares of PJT Partners by 247.7% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 13,430 shares of the financial services provider’s stock worth $2,027,000 after acquiring an additional 9,568 shares during the last quarter. Grandeur Peak Global Advisors LLC increased its stake in shares of PJT Partners by 12.0% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 57,926 shares of the financial services provider’s stock worth $8,743,000 after acquiring an additional 6,216 shares during the last quarter. Finally, Compass Financial Management LLC purchased a new position in shares of PJT Partners during the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Price Performance

Shares of NYSE:PJT opened at $174.85 on Wednesday. The firm has a market capitalization of $4.47 billion, a PE ratio of 23.92 and a beta of 0.84. PJT Partners Inc. has a 1 year low of $127.73 and a 1 year high of $195.62. The firm’s 50-day moving average is $165.16 and its two-hundred day moving average is $155.46.

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

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. PJT Partners’s dividend payout ratio is 13.68%.

Insider Buying and Selling at PJT Partners

In other news, Director Emily K. Rafferty sold 1,100 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $167.35, for a total transaction of $184,085.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Costos sold 1,723 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $175.00, for a total value of $301,525.00. Following the sale, the director directly owned 11,289 shares in the company, valued at $1,975,575. This represents a 13.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 11,951 shares of company stock worth $2,061,681. 10.98% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

PJT Partners Profile

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.