SeaCrest Wealth Management LLC Sells 1,000 Shares of PJT Partners Inc. (NYSE:PJT)

SeaCrest Wealth Management LLC lessened its stake in shares of PJT Partners Inc. (NYSE:PJTFree Report) by 22.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,419 shares of the financial services provider’s stock after selling 1,000 shares during the period. SeaCrest Wealth Management LLC’s holdings in PJT Partners were worth $327,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of PJT Partners by 4.4% during the 2nd quarter. BlackRock Inc. now owns 1,767,070 shares of the financial services provider’s stock worth $123,059,000 after acquiring an additional 75,198 shares in the last quarter. Clearbridge Investments LLC boosted its stake in PJT Partners by 6.7% during the 3rd quarter. Clearbridge Investments LLC now owns 1,104,971 shares of the financial services provider’s stock valued at $87,779,000 after purchasing an additional 68,951 shares during the period. Eagle Asset Management Inc. boosted its stake in PJT Partners by 7.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 969,694 shares of the financial services provider’s stock valued at $77,032,000 after purchasing an additional 69,485 shares during the period. Alliancebernstein L.P. boosted its stake in PJT Partners by 7.1% during the 4th quarter. Alliancebernstein L.P. now owns 908,829 shares of the financial services provider’s stock valued at $66,972,000 after purchasing an additional 59,916 shares during the period. Finally, State Street Corp boosted its stake in PJT Partners by 2.9% during the 2nd quarter. State Street Corp now owns 544,900 shares of the financial services provider’s stock valued at $37,947,000 after purchasing an additional 15,427 shares during the period. Institutional investors own 89.23% of the company’s stock.

Insider Transactions at PJT Partners

In related news, General Counsel David Adam Travin sold 5,000 shares of the firm’s 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 completion of the sale, the general counsel now directly owns 1,541 shares of the company’s stock, valued at approximately $143,636.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Ji-Yeun Lee sold 10,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $104.58, for a total transaction of $1,045,800.00. Following the completion of the sale, the insider now directly owns 73,421 shares of the company’s stock, valued at approximately $7,678,368.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel David Adam Travin sold 5,000 shares of the firm’s stock in a transaction 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 directly 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 ninety days, insiders sold 27,926 shares of company stock valued at $2,875,672. Corporate insiders own 10.67% of the company’s stock.

Wall Street Analysts Forecast Growth

PJT has been the subject of several recent research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $99.00 price target (down previously from $108.00) on shares of PJT Partners in a report on Tuesday, January 9th. Seaport Res Ptn cut PJT Partners from a “buy” rating to a “neutral” rating in a report on Tuesday, December 5th. Wolfe Research reaffirmed an “underperform” rating and issued a $89.00 price target on shares of PJT Partners in a report on Wednesday, January 3rd. JMP Securities upped their price target on PJT Partners from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, February 7th. Finally, UBS Group reaffirmed a “sell” rating and issued a $75.00 price target (down previously from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, PJT Partners has an average rating of “Hold” and an average price target of $93.25.

Check Out Our Latest Stock Analysis on PJT

PJT Partners Trading Up 0.2 %

Shares of PJT opened at $94.26 on Friday. PJT Partners Inc. has a 1 year low of $59.61 and a 1 year high of $107.35. The stock has a 50 day simple moving average of $98.77 and a 200-day simple moving average of $91.04. The stock has a market cap of $2.25 billion, a PE ratio of 30.60 and a beta of 0.69.

PJT Partners (NYSE:PJTGet Free Report) last issued its earnings results on Tuesday, February 6th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.20. PJT Partners had a return on equity of 17.44% and a net margin of 7.09%. The business had revenue of $328.60 million during the quarter, compared to analysts’ expectations of $304.26 million. During the same period in the prior year, the firm posted $1.08 EPS. PJT Partners’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, sell-side analysts forecast that PJT Partners Inc. will post 3.85 EPS for the current fiscal year.

PJT Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. PJT Partners’s payout ratio is presently 32.47%.

PJT Partners Company Profile

(Free Report)

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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Institutional Ownership by Quarter for PJT Partners (NYSE:PJT)

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