PJT Partners Inc. (NYSE:PJT) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its holdings in PJT Partners Inc. (NYSE:PJT) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,220 shares of the financial services provider’s stock after selling 400 shares during the period. Nisa Investment Advisors LLC’s holdings in PJT Partners were worth $532,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in PJT Partners in the fourth quarter valued at approximately $1,397,000. Dark Forest Capital Management LP boosted its stake in shares of PJT Partners by 90.2% in the third quarter. Dark Forest Capital Management LP now owns 24,433 shares of the financial services provider’s stock worth $1,941,000 after acquiring an additional 11,589 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of PJT Partners by 22.1% in the third quarter. Schroder Investment Management Group now owns 371,730 shares of the financial services provider’s stock worth $29,530,000 after acquiring an additional 67,197 shares during the last quarter. Chartwell Investment Partners LLC purchased a new stake in PJT Partners in the third quarter valued at $8,676,000. Finally, Deutsche Bank AG raised its position in PJT Partners by 13.6% in the third quarter. Deutsche Bank AG now owns 12,723 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 1,521 shares during the period. 89.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CFO Helen T. Meates sold 12,926 shares of the business’s 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 completion of the transaction, the chief financial officer now directly owns 48,821 shares of the company’s stock, valued at approximately $5,151,103.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Helen T. Meates sold 12,926 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 48,821 shares of the company’s stock, valued at approximately $5,151,103.71. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel David Adam Travin sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $93.21, for a total value of $466,050.00. Following the transaction, 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. Insiders sold 27,926 shares of company stock valued at $2,875,672 in the last three months. 10.67% of the stock is owned by corporate insiders.

PJT Partners Price Performance

PJT opened at $92.14 on Thursday. PJT Partners Inc. has a 12 month low of $59.61 and a 12 month high of $107.35. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 29.92 and a beta of 0.68. The business has a fifty day moving average price of $98.00 and a 200 day moving average price of $92.47.

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

PJT Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 5th. This represents a $1.00 annualized dividend and a yield of 1.09%. PJT Partners’s payout ratio is 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.