1,276 Shares in PJT Partners Inc. (NYSE:PJT) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new position in shares of PJT Partners Inc. (NYSE:PJT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,276 shares of the financial services provider’s stock, valued at approximately $201,000.

A number of other hedge funds have also bought and sold shares of the business. New York State Teachers Retirement System increased its position in PJT Partners by 2.9% in the fourth quarter. New York State Teachers Retirement System now owns 10,999 shares of the financial services provider’s stock worth $1,736,000 after buying an additional 311 shares during the last quarter. Principal Securities Inc. increased its position in PJT Partners by 385.4% in the fourth quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock worth $31,000 after buying an additional 158 shares during the last quarter. Principal Financial Group Inc. increased its position in PJT Partners by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 139,934 shares of the financial services provider’s stock worth $22,083,000 after buying an additional 5,644 shares during the last quarter. Sanctuary Advisors LLC increased its position in PJT Partners by 2.9% in the fourth quarter. Sanctuary Advisors LLC now owns 2,274 shares of the financial services provider’s stock worth $375,000 after buying an additional 65 shares during the last quarter. Finally, Pittenger & Anderson Inc. increased its position in PJT Partners by 907.1% in the fourth quarter. Pittenger & Anderson Inc. now owns 1,410 shares of the financial services provider’s stock worth $223,000 after buying an additional 1,270 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors.

Insider Activity

In related news, General Counsel David Adam Travin sold 5,000 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $141.74, for a total transaction of $708,700.00. Following the completion of the transaction, the general counsel now directly owns 2,288 shares in the company, valued at $324,301.12. The trade was a 68.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kievdi Don Cornwell sold 9,597 shares of the business’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $151.08, for a total value of $1,449,914.76. Following the transaction, the director now owns 19,250 shares of the company’s stock, valued at approximately $2,908,290. The trade was a 33.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,000 shares of company stock worth $3,722,082. 11.75% of the stock is owned by corporate insiders.

PJT Partners Stock Performance

Shares of NYSE PJT opened at $152.48 on Wednesday. The stock has a market cap of $3.73 billion, a PE ratio of 26.89 and a beta of 0.74. PJT Partners Inc. has a fifty-two week low of $103.57 and a fifty-two week high of $190.28. The stock has a fifty day moving average of $144.08 and a 200-day moving average of $151.81.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.11. The company had revenue of $324.50 million during the quarter, compared to analysts’ expectations of $361.26 million. PJT Partners had a return on equity of 23.81% and a net margin of 10.47%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. On average, sell-side analysts predict that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.