Captrust Financial Advisors Sells 103 Shares of PJT Partners Inc. (NYSE:PJT)

Captrust Financial Advisors lessened its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,046 shares of the financial services provider’s stock after selling 103 shares during the quarter. Captrust Financial Advisors’ holdings in PJT Partners were worth $481,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PJT. Barclays PLC increased its stake in PJT Partners by 158.6% during the 3rd quarter. Barclays PLC now owns 52,045 shares of the financial services provider’s stock valued at $6,940,000 after purchasing an additional 31,922 shares in the last quarter. Ellsworth Advisors LLC grew its stake in shares of PJT Partners by 3.8% in the 4th quarter. Ellsworth Advisors LLC now owns 5,647 shares of the financial services provider’s stock worth $891,000 after acquiring an additional 205 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of PJT Partners by 4.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,080 shares of the financial services provider’s stock worth $802,000 after acquiring an additional 200 shares in the last quarter. Seneca House Advisors bought a new stake in shares of PJT Partners in the 4th quarter worth $202,000. Finally, Linden Thomas Advisory Services LLC grew its stake in shares of PJT Partners by 20.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 2,177 shares of the financial services provider’s stock worth $344,000 after acquiring an additional 376 shares in the last quarter. Institutional investors own 89.23% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their target price on shares of PJT Partners from $152.00 to $161.00 and gave the stock a “market perform” rating in a research note on Monday, May 12th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, PJT Partners has an average rating of “Hold” and a consensus price target of $154.50.

Insider Buying and Selling

In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $141.74, for a total transaction of $708,700.00. Following the sale, the general counsel now directly owns 2,288 shares of the company’s stock, valued at $324,301.12. This represents a 68.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.75% of the stock is owned by insiders.

PJT Partners Stock Performance

Shares of NYSE:PJT opened at $150.67 on Monday. The company’s 50-day moving average is $138.21 and its 200 day moving average is $152.80. The company has a market capitalization of $3.68 billion, a P/E ratio of 30.75 and a beta of 0.76. PJT Partners Inc. has a fifty-two week low of $99.77 and a fifty-two week high of $190.28.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. The company had revenue of $324.50 million for the quarter, compared to the consensus estimate of $361.26 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. As a group, research analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Wednesday, June 4th. PJT Partners’s dividend payout ratio (DPR) is currently 17.64%.

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.