Alliance Wealth Advisors LLC UT Buys 1,928 Shares of PJT Partners Inc. (NYSE:PJT)

Key Points

• Alliance Wealth Advisors LLC UT increased its stake in PJT Partners Inc. by 69.9%, acquiring an additional 1,928 shares, bringing its total holdings to 4,685 shares, valued at $646,000.
• PJT Partners recently reported a quarterly earnings per share (EPS) of $1.54, exceeding the consensus estimate of $1.36, with a revenue of $731.09 million, reflecting a 13.0% increase year-over-year.
• The company announced a quarterly dividend of $0.25, with an annualized yield of 0.6%, to be paid on September 17th to investors of record as of September 3rd.

Alliance Wealth Advisors LLC UT lifted its stake in PJT Partners Inc. (NYSE:PJT - Free Report) by 69.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,685 shares of the financial services provider's stock after acquiring an additional 1,928 shares during the quarter. Alliance Wealth Advisors LLC UT's holdings in PJT Partners were worth $646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. First Bank & Trust grew its stake in shares of 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 acquiring an additional 80 shares during the period. Crestwood Advisors Group LLC grew its stake in shares of PJT Partners by 0.6% in the first quarter. Crestwood Advisors Group LLC now owns 14,314 shares of the financial services provider's stock worth $1,974,000 after acquiring an additional 83 shares during the period. Xponance Inc. grew its stake in shares of PJT Partners by 5.4% in the first quarter. Xponance Inc. now owns 1,749 shares of the financial services provider's stock worth $241,000 after acquiring an additional 90 shares during the period. HighTower Advisors LLC grew its stake in shares of PJT Partners by 1.6% in the first quarter. HighTower Advisors LLC now owns 6,166 shares of the financial services provider's stock worth $850,000 after acquiring an additional 96 shares during the period. Finally, NDVR Inc. grew its stake in shares of 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 acquiring an additional 116 shares during the period. 89.23% of the stock is currently owned by institutional investors.

PJT Partners Stock Down 2.2%

NYSE PJT opened at $179.53 on Friday. PJT Partners Inc. has a 52 week low of $116.07 and a 52 week high of $190.27. The firm has a market capitalization of $4.36 billion, a P/E ratio of 30.85 and a beta of 0.77. The company has a 50-day moving average price of $172.08 and a 200-day moving average price of $156.41.

PJT Partners (NYSE:PJT - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.18. The company 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%. The firm's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.19 EPS. As a group, equities research analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 3rd. PJT Partners's dividend payout ratio is currently 17.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of PJT Partners from $161.00 to $199.00 and gave the company a "market perform" rating in a research report on Monday, July 14th. Wolfe Research reaffirmed an "underperform" rating on shares of PJT Partners in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, PJT Partners currently has an average rating of "Hold" and an average price target of $174.67.

Insider Buying and Selling

In other PJT Partners news, Director Grace Reksten Skaugen sold 1,504 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $176.89, for a total transaction of $266,042.56. Following the completion of the sale, the director directly owned 500 shares of the company's stock, valued at $88,445. This trade represents a 75.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kievdi Don Cornwell sold 10,403 shares of the 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 sale, the director directly owned 8,847 shares of the company's stock, valued at approximately $1,329,615.63. This trade represents a 54.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,792 shares of company stock valued at $3,686,825. 11.75% of the stock is owned by corporate 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.

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