PJT Partners (NYSE:PJT) General Counsel David Adam Travin Sells 3,000 Shares

PJT Partners Inc. (NYSE:PJT) General Counsel David Adam Travin sold 3,000 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $152.43, for a total transaction of $457,290.00. Following the completion of the transaction, the general counsel owned 2,052 shares of the company’s stock, valued at approximately $312,786.36. This represents a 59.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

PJT Partners Stock Performance

Shares of PJT stock opened at $154.53 on Friday. PJT Partners Inc. has a 52-week low of $127.73 and a 52-week high of $195.62. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 22.53 and a beta of 0.86. The firm has a fifty day moving average of $145.48 and a 200-day moving average of $161.45.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.03. PJT Partners had a net margin of 10.32% and a return on equity of 32.00%. The company had revenue of $418.20 million during the quarter, compared to analysts’ expectations of $409.38 million. During the same quarter in the prior year, the company posted $1.05 EPS. The business’s revenue was up 28.9% on a year-over-year basis. On average, sell-side analysts predict that PJT Partners Inc. will post 7.5 earnings per share for the current year.

PJT Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be paid a $0.25 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. PJT Partners’s dividend payout ratio is currently 14.58%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PJT. UBS Group increased their price objective on shares of PJT Partners from $152.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Zacks Research cut shares of PJT Partners from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Keefe, Bruyette & Woods increased their target price on shares of PJT Partners from $166.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group upgraded shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 target price for the company in a research report on Wednesday, April 1st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of PJT Partners in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, PJT Partners currently has a consensus rating of “Hold” and an average price target of $173.33.

Institutional Investors Weigh In On PJT Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC increased its position in PJT Partners by 50.8% in the 3rd quarter. CWM LLC now owns 181 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 61 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in PJT Partners by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,563 shares of the financial services provider’s stock valued at $930,000 after acquiring an additional 64 shares in the last quarter. Crestwood Advisors Group LLC increased its position in PJT Partners by 0.5% in the 4th quarter. Crestwood Advisors Group LLC now owns 14,339 shares of the financial services provider’s stock valued at $2,397,000 after acquiring an additional 66 shares in the last quarter. Maryland State Retirement & Pension System increased its position in PJT Partners by 1.9% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,561 shares of the financial services provider’s stock valued at $595,000 after acquiring an additional 67 shares in the last quarter. Finally, New Age Alpha Advisors LLC increased its position in PJT Partners by 6.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 1,203 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 78 shares in the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

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.