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

PJT Partners Inc. (NYSE:PJT) Director Emily Rafferty sold 1,100 shares of the stock in a transaction dated 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 in the company, valued at approximately $1,601,204.80. This trade represents a 10.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

PJT Partners Stock Up 3.4%

Shares of NYSE PJT opened at $175.08 on Wednesday. The firm’s 50-day moving average price is $161.89 and its two-hundred day moving average price is $155.59. PJT Partners Inc. has a 52-week low of $127.73 and a 52-week high of $195.62. The stock has a market capitalization of $4.48 billion, a P/E ratio of 23.95 and a beta of 0.83.

PJT Partners (NYSE:PJT) last posted its earnings results 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 company had revenue of $486.29 million during the quarter, compared to analyst estimates of $425.28 million. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%.The business’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 earnings per share. As a group, equities research analysts expect that PJT Partners Inc. will post 8 earnings per share for the current year.

PJT Partners Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Wasatch Advisors LP raised its stake in shares of PJT Partners by 79.3% during the second quarter. Wasatch Advisors LP now owns 1,478,222 shares of the financial services provider’s stock valued at $223,123,000 after purchasing an additional 653,685 shares in the last quarter. Geode Capital Management LLC grew its position in PJT Partners by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 682,886 shares of the financial services provider’s stock valued at $114,195,000 after buying an additional 16,388 shares in the last quarter. Morgan Stanley grew its position in PJT Partners by 7.5% in the 4th quarter. Morgan Stanley now owns 659,729 shares of the financial services provider’s stock valued at $110,307,000 after buying an additional 45,758 shares in the last quarter. Invesco Ltd. increased its stake in PJT Partners by 3.2% during the 4th quarter. Invesco Ltd. now owns 535,857 shares of the financial services provider’s stock valued at $89,595,000 after buying an additional 16,445 shares during the period. Finally, Alliancebernstein L.P. increased its stake in PJT Partners by 9.8% during the 2nd quarter. Alliancebernstein L.P. now owns 528,689 shares of the financial services provider’s stock valued at $87,239,000 after buying an additional 47,279 shares during the period. Institutional investors own 89.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PJT shares. Zacks Research raised shares of PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. BMO Capital Markets increased their price objective on shares of PJT Partners from $183.00 to $194.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods boosted their target price on shares of PJT Partners from $185.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. UBS Group restated a “neutral” rating and issued a $176.00 target price on shares of PJT Partners in a research report on Wednesday, July 29th. Finally, Wall Street Zen upgraded shares of PJT Partners from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $177.50.

PJT Partners Company 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.