Xponance Inc. Buys 90 Shares of PJT Partners Inc. (NYSE:PJT)

Xponance Inc. grew its stake in shares of PJT Partners Inc. (NYSE:PJT) by 5.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,749 shares of the financial services provider’s stock after acquiring an additional 90 shares during the period. Xponance Inc.’s holdings in PJT Partners were worth $241,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Bank & Trust grew its holdings in PJT Partners by 1.6% in the first quarter. First Bank & Trust now owns 5,186 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 80 shares during the last quarter. NDVR Inc. grew its holdings in PJT Partners by 6.0% in the fourth quarter. NDVR Inc. now owns 2,050 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 116 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in PJT Partners by 112.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 146 shares during the last quarter. GAMMA Investing LLC grew its holdings in PJT Partners by 33.4% in the first quarter. GAMMA Investing LLC now owns 595 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 149 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in PJT Partners by 7.8% in the first quarter. Linden Thomas Advisory Services LLC now owns 2,346 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 169 shares during the last quarter. Institutional investors own 89.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PJT shares. Keefe, Bruyette & Woods boosted their price objective on shares of PJT Partners from $161.00 to $199.00 and gave the company a “market perform” rating in a report on Monday, July 14th. Wolfe Research reissued an “underperform” rating on shares of PJT Partners in a report on Thursday, July 10th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $164.00.

PJT Partners Price Performance

NYSE PJT opened at $182.93 on Friday. The firm’s fifty day moving average price is $159.50 and its 200 day moving average price is $153.36. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 32.26 and a beta of 0.76. PJT Partners Inc. has a 12 month low of $116.06 and a 12 month high of $190.28.

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

PJT Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, June 4th. PJT Partners’s dividend payout ratio is presently 17.64%.

Insider Buying and Selling

In related news, Director Kievdi Don Cornwell sold 10,403 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $150.29, for a total transaction of $1,563,466.87. Following the completion of the transaction, the director owned 8,847 shares of the company’s stock, valued at approximately $1,329,615.63. This represents a 54.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction on 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 sale, the general counsel directly owned 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. In the last three months, insiders sold 25,000 shares of company stock valued at $3,722,082. Company insiders own 11.75% 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.