Farther Finance Advisors LLC Has $125,000 Stock Position in PJT Partners Inc. $PJT

Farther Finance Advisors LLC boosted its position in shares of PJT Partners Inc. (NYSE:PJT) by 54.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 755 shares of the financial services provider’s stock after purchasing an additional 265 shares during the period. Farther Finance Advisors LLC’s holdings in PJT Partners were worth $125,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in shares of PJT Partners in the first quarter worth about $30,000. Opal Wealth Advisors LLC bought a new position in shares of PJT Partners in the first quarter worth about $39,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of PJT Partners in the first quarter worth about $45,000. Quarry LP bought a new position in PJT Partners during the first quarter valued at about $45,000. Finally, Morse Asset Management Inc increased its stake in PJT Partners by 1,640.0% during the first quarter. Morse Asset Management Inc now owns 435 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 410 shares during the period. Institutional investors and hedge funds own 89.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PJT. Weiss Ratings restated a “hold (c+)” rating on shares of PJT Partners in a research note on Saturday, September 27th. Keefe, Bruyette & Woods upped their price objective on PJT Partners from $161.00 to $199.00 and gave the company a “market perform” rating in a research note on Monday, July 14th. Wolfe Research reissued an “underperform” rating on shares of PJT Partners in a report on Thursday, July 10th. Finally, BMO Capital Markets assumed coverage on PJT Partners in a research report on Friday. They issued an “outperform” rating and a $205.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, PJT Partners has a consensus rating of “Hold” and a consensus target price of $182.25.

PJT Partners Price Performance

Shares of NYSE PJT opened at $179.80 on Friday. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 30.89 and a beta of 0.76. The business has a 50-day moving average of $180.36 and a 200-day moving average of $161.25. PJT Partners Inc. has a fifty-two week low of $119.76 and a fifty-two week high of $190.27.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.18. PJT Partners had a return on equity of 25.61% and a net margin of 10.45%.The company had revenue of $731.09 billion during the quarter, compared to analysts’ expectations of $343.11 million. During the same quarter last year, the company earned $1.19 EPS. PJT Partners’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, sell-side analysts expect that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. PJT Partners’s dividend payout ratio (DPR) is presently 17.18%.

Insider Transactions at PJT Partners

In other news, Director Grace Reksten Skaugen sold 1,504 shares of PJT Partners stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $176.89, for a total value of $266,042.56. Following the completion of the sale, the director directly owned 500 shares in the company, valued at approximately $88,445. The trade was a 75.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel David Adam Travin sold 2,288 shares of PJT Partners stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $178.06, for a total transaction of $407,401.28. The disclosure for this sale can be found here. 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.