PJT Partners Inc. (NYSE:PJT) Shares Bought by Intrust Bank NA

Intrust Bank NA grew its position in PJT Partners Inc. (NYSE:PJT) by 8.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,186 shares of the financial services provider’s stock after purchasing an additional 251 shares during the period. Intrust Bank NA’s holdings in PJT Partners were worth $325,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Walleye Trading LLC increased its position in PJT Partners by 1.2% during the third quarter. Walleye Trading LLC now owns 11,271 shares of the financial services provider’s stock worth $895,000 after buying an additional 136 shares in 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 buying an additional 250 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC grew its holdings in shares of PJT Partners by 2.7% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 10,263 shares of the financial services provider’s stock worth $815,000 after buying an additional 267 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of PJT Partners by 3.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,683 shares of the financial services provider’s stock valued at $1,088,000 after buying an additional 374 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of PJT Partners by 1.0% during the third quarter. Swiss National Bank now owns 51,835 shares of the financial services provider’s stock valued at $4,118,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 89.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PJT shares. Wolfe Research reiterated an “underperform” rating and issued a $89.00 price target on shares of PJT Partners in a report on Wednesday, January 3rd. The Goldman Sachs Group reiterated a “neutral” rating and set a $99.00 target price (down from $108.00) on shares of PJT Partners in a research report on Tuesday, January 9th. UBS Group reaffirmed a “sell” rating and set a $75.00 price target (down previously from $100.00) on shares of PJT Partners in a research note on Tuesday, March 26th. Finally, JMP Securities restated a “market outperform” rating and set a $110.00 price objective on shares of PJT Partners in a report on Tuesday, April 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $93.25.

Insider Activity at PJT Partners

In other PJT Partners news, 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 value of $1,045,800.00. Following the transaction, the insider now owns 73,421 shares in the company, valued at approximately $7,678,368.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other PJT Partners news, insider Ji-Yeun Lee sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $104.58, for a total value of $1,045,800.00. Following the transaction, the insider now directly owns 73,421 shares of the company’s stock, valued at approximately $7,678,368.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $93.21, for a total value of $466,050.00. Following the transaction, the general counsel now owns 1,541 shares of the company’s stock, valued at $143,636.61. The disclosure for this sale can be found here. In the last three months, insiders sold 27,926 shares of company stock valued at $2,875,672. Corporate insiders own 10.67% of the company’s stock.

PJT Partners Price Performance

NYSE:PJT opened at $93.54 on Thursday. The business’s 50-day moving average is $96.76 and its two-hundred day moving average is $93.59. The firm has a market capitalization of $2.24 billion, a PE ratio of 30.37 and a beta of 0.67. PJT Partners Inc. has a 12 month low of $59.61 and a 12 month high of $107.35.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, February 6th. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.76 by $0.20. The business had revenue of $328.60 million for the quarter, compared to the consensus estimate of $304.26 million. PJT Partners had a return on equity of 17.44% and a net margin of 7.09%. The company’s revenue was up 17.4% on a year-over-year basis. During the same period last year, the business posted $1.08 EPS. Equities analysts anticipate that PJT Partners Inc. will post 3.85 EPS for the current year.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were paid a $0.25 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. PJT Partners’s dividend payout ratio (DPR) is presently 32.47%.

PJT Partners Company 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.