SG Americas Securities LLC Sells 4,355 Shares of PJT Partners Inc. (NYSE:PJT)

SG Americas Securities LLC decreased its position in shares of PJT Partners Inc. (NYSE:PJT) by 67.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,136 shares of the financial services provider’s stock after selling 4,355 shares during the period. SG Americas Securities LLC’s holdings in PJT Partners were worth $218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. bought a new stake in shares of PJT Partners during the third quarter valued at approximately $14,387,000. Walleye Capital LLC increased its holdings in PJT Partners by 5,714.8% in the 2nd quarter. Walleye Capital LLC now owns 178,979 shares of the financial services provider’s stock valued at $12,464,000 after acquiring an additional 175,901 shares during the last quarter. Victory Capital Management Inc. increased its holdings in PJT Partners by 2,871.9% in the 4th quarter. Victory Capital Management Inc. now owns 173,827 shares of the financial services provider’s stock valued at $12,809,000 after acquiring an additional 167,978 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in PJT Partners by 2,850.2% in the 1st quarter. Rockefeller Capital Management L.P. now owns 138,601 shares of the financial services provider’s stock valued at $10,005,000 after acquiring an additional 133,903 shares during the last quarter. Finally, Chartwell Investment Partners LLC bought a new stake in PJT Partners in the 3rd quarter valued at $8,676,000. Institutional investors own 89.23% of the company’s stock.

Insider Transactions at PJT Partners

In other news, CFO Helen T. Meates sold 12,926 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $105.51, for a total value of $1,363,822.26. Following the sale, the chief financial officer now owns 48,821 shares in the company, valued at $5,151,103.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Ji-Yeun Lee sold 10,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $104.58, for a total transaction of $1,045,800.00. Following the sale, the insider now directly owns 73,421 shares of the company’s stock, valued at $7,678,368.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Helen T. Meates sold 12,926 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $105.51, for a total transaction of $1,363,822.26. Following the sale, the chief financial officer now directly owns 48,821 shares in the company, valued at $5,151,103.71. The disclosure for this sale can be found here. Insiders have sold 27,926 shares of company stock worth $2,875,672 over the last 90 days. 10.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $99.00 price target (down from $108.00) on shares of PJT Partners in a report on Tuesday, January 9th. UBS Group reiterated a “sell” rating and set a $75.00 price objective (down previously from $100.00) on shares of PJT Partners in a research note on Tuesday, March 26th. JMP Securities reiterated a “market outperform” rating and set a $110.00 price objective on shares of PJT Partners in a research note on Tuesday. Finally, Wolfe Research reiterated an “underperform” rating and set a $89.00 price objective on shares of PJT Partners in a research note on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $93.25.

PJT Partners Trading Down 3.1 %

Shares of PJT Partners stock opened at $93.02 on Friday. PJT Partners Inc. has a 12-month low of $59.61 and a 12-month high of $107.35. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 30.20 and a beta of 0.68. The firm’s 50 day simple moving average is $98.24 and its two-hundred day simple moving average is $92.10.

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

PJT Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were paid 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 1.08%. PJT Partners’s payout ratio is currently 32.47%.

PJT Partners 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.