SG Americas Securities LLC Has $158,000 Stake in PJT Partners Inc. (NYSE:PJT)

SG Americas Securities LLC reduced its position in shares of PJT Partners Inc. (NYSE:PJT) by 32.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,462 shares of the financial services provider’s stock after selling 697 shares during the period. SG Americas Securities LLC’s holdings in PJT Partners were worth $158,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in PJT Partners during the second quarter valued at approximately $30,000. Fidelis Capital Partners LLC acquired a new position in PJT Partners during the first quarter valued at approximately $39,000. EntryPoint Capital LLC raised its position in PJT Partners by 27.6% during the first quarter. EntryPoint Capital LLC now owns 1,662 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 359 shares in the last quarter. OLD National Bancorp IN acquired a new position in PJT Partners during the second quarter valued at approximately $204,000. Finally, Park Place Capital Corp acquired a new position in PJT Partners during the second quarter valued at approximately $205,000. 89.23% of the stock is currently owned by institutional investors and hedge funds.

PJT Partners Stock Up 1.8 %

Shares of PJT Partners stock opened at $125.65 on Friday. PJT Partners Inc. has a twelve month low of $71.47 and a twelve month high of $136.90. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 34.61 and a beta of 0.62. The company’s fifty day moving average is $116.69 and its 200 day moving average is $105.42.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.49. PJT Partners had a net margin of 7.96% and a return on equity of 18.04%. The company had revenue of $360.00 million for the quarter, compared to analysts’ expectations of $281.93 million. During the same quarter in the previous year, the firm posted $0.99 earnings per share. PJT Partners’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities analysts anticipate that PJT Partners Inc. will post 4.35 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.80%. PJT Partners’s dividend payout ratio is 27.55%.

Analyst Upgrades and Downgrades

Several research analysts have commented on PJT shares. UBS Group boosted their price objective on shares of PJT Partners from $85.00 to $93.00 and gave the company a “sell” rating in a research report on Tuesday, July 9th. The Goldman Sachs Group boosted their target price on shares of PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $128.00 target price (up previously from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. Finally, JMP Securities boosted their target price on shares of PJT Partners from $120.00 to $142.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $116.80.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, Director Emily K. Rafferty sold 1,696 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $130.79, for a total transaction of $221,819.84. Following the sale, the director now owns 7,404 shares of the company’s stock, valued at $968,369.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.67% of the company’s stock.

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.