Insider Selling: PJT Partners (NYSE:PJT) Director Sells $215,120.61 in Stock

PJT Partners Inc. (NYSE:PJT) Director Grace Reksten Skaugen sold 1,283 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $167.67, for a total transaction of $215,120.61. Following the completion of the sale, the director directly owned 500 shares in the company, valued at $83,835. This represents a 71.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

PJT Partners Stock Performance

NYSE PJT traded up $0.48 on Friday, reaching $168.03. The company had a trading volume of 367,386 shares, compared to its average volume of 389,432. The company’s fifty day moving average is $159.30 and its 200-day moving average is $156.35. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 22.99 and a beta of 0.85. PJT Partners Inc. has a 1-year low of $127.73 and a 1-year high of $195.62.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.40. The firm had revenue of $486.29 million for the quarter, compared to the consensus estimate of $425.28 million. PJT Partners had a return on equity of 32.88% and a net margin of 10.57%.The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $1.54 EPS. On average, research analysts forecast that PJT Partners Inc. will post 8 earnings per share for the current year.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 2nd. PJT Partners’s dividend payout ratio (DPR) is currently 13.68%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PJT shares. Weiss Ratings restated a “hold (c)” rating on shares of PJT Partners in a research note on Friday, May 29th. Zacks Research upgraded shares of PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Keefe, Bruyette & Woods boosted their price objective on shares of PJT Partners from $185.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, UBS Group restated a “neutral” rating and set a $176.00 target price on shares of PJT Partners in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, PJT Partners has a consensus rating of “Hold” and a consensus target price of $179.33.

Institutional Trading of PJT Partners

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP boosted its position in 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 during the last quarter. Bessemer Group Inc. increased its position in shares of PJT Partners by 1,446.5% during the 4th quarter. Bessemer Group Inc. now owns 115,000 shares of the financial services provider’s stock worth $19,229,000 after purchasing an additional 107,564 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of PJT Partners by 390.1% during the 3rd quarter. Two Sigma Investments LP now owns 84,936 shares of the financial services provider’s stock worth $15,096,000 after purchasing an additional 67,606 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of PJT Partners by 108.7% during the 4th quarter. Janus Henderson Group PLC now owns 121,918 shares of the financial services provider’s stock worth $20,376,000 after purchasing an additional 63,504 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its holdings in shares of PJT Partners by 61.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 149,951 shares of the financial services provider’s stock valued at $25,072,000 after buying an additional 57,220 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

About PJT Partners

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.