SeaCrest Wealth Management LLC Trims Stake in PJT Partners Inc. (NYSE:PJT)

SeaCrest Wealth Management LLC reduced its stake in shares of PJT Partners Inc. (NYSE:PJTFree Report) by 9.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,105 shares of the financial services provider’s stock after selling 314 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in PJT Partners were worth $293,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Diversified Trust Co purchased a new position in PJT Partners during the first quarter valued at approximately $298,000. Quadrature Capital Ltd raised its position in PJT Partners by 338.1% during the fourth quarter. Quadrature Capital Ltd now owns 12,004 shares of the financial services provider’s stock valued at $1,222,000 after acquiring an additional 9,264 shares in the last quarter. Vanguard Group Inc. raised its position in PJT Partners by 15.0% during the fourth quarter. Vanguard Group Inc. now owns 2,429,691 shares of the financial services provider’s stock valued at $247,513,000 after acquiring an additional 317,437 shares in the last quarter. Virtu Financial LLC purchased a new position in PJT Partners during the fourth quarter valued at approximately $223,000. Finally, Comerica Bank increased its position in shares of PJT Partners by 145.0% in the fourth quarter. Comerica Bank now owns 17,361 shares of the financial services provider’s stock valued at $1,769,000 after buying an additional 10,274 shares in the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

PJT Partners Price Performance

Shares of NYSE:PJT opened at $109.78 on Thursday. The business’s 50 day moving average price is $103.35 and its 200-day moving average price is $99.74. The firm has a market capitalization of $2.63 billion, a PE ratio of 30.24 and a beta of 0.62. PJT Partners Inc. has a 1 year low of $67.06 and a 1 year high of $110.71.

PJT Partners (NYSE:PJTGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.53. The firm had revenue of $329.39 million for the quarter, compared to analyst estimates of $229.32 million. PJT Partners had a return on equity of 17.36% and a net margin of 7.57%. The business’s revenue was up 64.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. As a group, analysts expect that PJT Partners Inc. will post 4 earnings per share for the current year.

PJT Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Wednesday, June 5th. PJT Partners’s dividend payout ratio is presently 27.55%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group restated a “sell” rating and issued a $75.00 price objective (down from $100.00) on shares of PJT Partners in a research report on Tuesday, March 26th. JMP Securities restated a “market outperform” rating and issued a $110.00 price objective on shares of PJT Partners in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $93.25.

Read Our Latest Stock Report on PJT

About PJT Partners

(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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