13,958 Shares in PJT Partners Inc. $PJT Acquired by Redwood Investments LLC

Key Points

• Redwood Investments LLC recently acquired 13,958 shares of PJT Partners Inc., valued at approximately $1.9 million, increasing its stake to about 0.06% of the company.
• Analysts have mixed ratings on PJT Partners, with a consensus rating of "Reduce" and a price target of $174.67, including one Sell rating and four Hold ratings.
• PJT Partners reported earnings of $1.54 per share for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.25 per share, reflecting a 0.6% dividend yield.

Redwood Investments LLC acquired a new position in PJT Partners Inc. (NYSE:PJT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,958 shares of the financial services provider's stock, valued at approximately $1,925,000. Redwood Investments LLC owned approximately 0.06% of PJT Partners at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in PJT Partners in the 1st quarter worth $30,000. Opal Wealth Advisors LLC bought a new position in shares of PJT Partners in the 1st quarter worth about $39,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of PJT Partners in the 1st quarter worth about $45,000. Quarry LP bought a new position in shares of PJT Partners in the 1st quarter worth about $45,000. Finally, Morse Asset Management Inc increased its stake in shares of PJT Partners by 1,640.0% in the 1st quarter. Morse Asset Management Inc now owns 435 shares of the financial services provider's stock worth $60,000 after acquiring an additional 410 shares in the last quarter. 89.23% of the stock is currently owned by institutional investors.

PJT Partners Trading Down 1.6%

NYSE:PJT traded down $3.06 on Friday, reaching $183.84. 127,219 shares of the stock traded hands, compared to its average volume of 156,847. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 31.59 and a beta of 0.75. PJT Partners Inc. has a 12 month low of $119.76 and a 12 month high of $190.27. The company's fifty day simple moving average is $179.96 and its 200 day simple moving average is $157.71.

PJT Partners (NYSE:PJT - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.18. The business had revenue of $731.09 billion during the quarter, compared to analyst estimates of $343.11 million. PJT Partners had a net margin of 10.45% and a return on equity of 25.61%. PJT Partners's revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business earned $1.19 EPS. Equities analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, September 3rd. PJT Partners's dividend payout ratio (DPR) is presently 17.18%.

Analyst Upgrades and Downgrades

PJT has been the subject of several research reports. Keefe, Bruyette & Woods increased their price target on shares of PJT Partners from $161.00 to $199.00 and gave the stock a "market perform" rating in a research note on Monday, July 14th. Wolfe Research reiterated an "underperform" rating on shares of PJT Partners in a research note on Thursday, July 10th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $174.67.

Insider Transactions at PJT Partners

In other news, General Counsel David Adam Travin sold 2,288 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $178.06, for a total transaction of $407,401.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Grace Reksten Skaugen sold 1,504 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $176.89, for a total transaction of $266,042.56. Following 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 position. The disclosure for this sale can be found here. Company insiders own 11.75% of the company's stock.

About PJT Partners

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.