Yousif Capital Management LLC Reduces Stock Holdings in PJT Partners Inc. (NYSE:PJT)

Yousif Capital Management LLC reduced its holdings in PJT Partners Inc. (NYSE:PJT) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,726 shares of the financial services provider’s stock after selling 248 shares during the period. Yousif Capital Management LLC’s holdings in PJT Partners were worth $1,203,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PJT. Versant Capital Management Inc purchased a new stake in shares of PJT Partners in the 1st quarter valued at $30,000. Principal Securities Inc. lifted its stake in shares of PJT Partners by 385.4% in the 4th quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 158 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of PJT Partners by 112.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 146 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of PJT Partners by 51.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 176 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of PJT Partners in the 4th quarter valued at $201,000. 89.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their price objective on shares of 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 investment analysts have rated the stock with a hold rating, According to MarketBeat, PJT Partners has an average rating of “Hold” and an average target price of $154.50.

PJT Partners Trading Down 0.7%

PJT stock opened at $152.48 on Wednesday. PJT Partners Inc. has a twelve month low of $103.57 and a twelve month high of $190.28. The company’s 50 day moving average is $144.08 and its two-hundred day moving average is $151.81. The stock has a market cap of $3.73 billion, a P/E ratio of 26.89 and a beta of 0.74.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. PJT Partners had a net margin of 10.47% and a return on equity of 23.81%. The firm had revenue of $324.50 million for the quarter, compared to analyst estimates of $361.26 million. During the same period last year, the firm posted $0.98 EPS. PJT Partners’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities research analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend 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 presently 17.64%.

Insider Transactions at PJT Partners

In other PJT Partners news, Director Kievdi Don Cornwell sold 10,403 shares of PJT Partners stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $150.29, for a total value of $1,563,466.87. Following the completion of the sale, the director now owns 8,847 shares in the company, valued at $1,329,615.63. The trade was a 54.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $708,700.00. Following the sale, the general counsel now owns 2,288 shares of the company’s stock, valued at $324,301.12. The trade was a 68.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $3,722,082 in the last 90 days. 11.75% of the stock is currently owned by insiders.

PJT Partners Company 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.