Eagle Asset Management Inc. lifted its position in shares of PJT Partners Inc. (NYSE:PJT – Free Report) by 7.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 969,694 shares of the financial services provider’s stock after purchasing an additional 69,485 shares during the quarter. Eagle Asset Management Inc. owned 4.00% of PJT Partners worth $77,032,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in shares of PJT Partners by 133.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 431 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 246 shares during the period. Fortis Capital Advisors LLC acquired a new stake in PJT Partners in the 1st quarter valued at $29,000. Huntington National Bank grew its stake in PJT Partners by 67.9% in the 2nd quarter. Huntington National Bank now owns 450 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 182 shares during the period. Belpointe Asset Management LLC grew its stake in PJT Partners by 423.3% in the 1st quarter. Belpointe Asset Management LLC now owns 471 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 381 shares during the period. Finally, Global Retirement Partners LLC grew its stake in PJT Partners by 61.4% in the 3rd quarter. Global Retirement Partners LLC now owns 668 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 254 shares during the period. Institutional investors and hedge funds own 73.40% of the company’s stock.
Insider Buying and Selling at PJT Partners
In related news, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $93.21, for a total transaction of $466,050.00. Following the sale, the general counsel now owns 1,541 shares of the company’s stock, valued at $143,636.61. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other PJT Partners news, insider Ji-Yeun Lee sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $89.76, for a total transaction of $897,600.00. Following the completion of the sale, the insider now owns 83,421 shares in the company, valued at approximately $7,487,868.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel David Adam Travin sold 5,000 shares of the firm’s 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 sale, the general counsel now owns 1,541 shares of the company’s stock, valued at approximately $143,636.61. The disclosure for this sale can be found here. 10.67% of the stock is owned by corporate insiders.
PJT Partners Stock Performance
Shares of NYSE PJT traded up $1.14 during trading on Friday, hitting $104.35. 27,014 shares of the company were exchanged, compared to its average volume of 248,061. The firm has a market capitalization of $2.53 billion, a PE ratio of 33.52 and a beta of 0.68. PJT Partners Inc. has a 12-month low of $59.61 and a 12-month high of $105.04. The company has a fifty day moving average price of $98.70 and a 200-day moving average price of $87.11.
PJT Partners (NYSE:PJT – Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.20. PJT Partners had a return on equity of 17.94% and a net margin of 7.09%. The business had revenue of $328.60 million during the quarter, compared to the consensus estimate of $304.26 million. During the same period in the previous year, the company posted $1.08 earnings per share. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. Research analysts anticipate that PJT Partners Inc. will post 3.85 earnings per share for the current fiscal year.
PJT Partners Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Tuesday, March 5th. PJT Partners’s dividend payout ratio is presently 32.47%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. JMP Securities lifted their price target on shares of PJT Partners from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, February 7th. Wolfe Research restated an “underperform” rating and issued a $89.00 price objective on shares of PJT Partners in a report on Wednesday, January 3rd. UBS Group raised their price objective on PJT Partners from $86.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Seaport Res Ptn lowered PJT Partners from a “buy” rating to a “neutral” rating in a report on Tuesday, December 5th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $99.00 price target (down previously from $108.00) on shares of PJT Partners in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $99.50.
Get Our Latest Stock Report on PJT
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.
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