Alliance Wealth Advisors LLC UT Purchases 1,928 Shares of PJT Partners Inc. $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 raised its holdings in PJT Partners Inc. (NYSE:PJT - Free Report) by 69.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,685 shares of the financial services provider's stock after purchasing an additional 1,928 shares during the period. Alliance Wealth Advisors LLC UT's holdings in PJT Partners were worth $646,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Versant Capital Management Inc purchased a new position in shares of PJT Partners in the first quarter worth about $30,000. Opal Wealth Advisors LLC purchased a new position in PJT Partners during the first quarter valued at approximately $39,000. Morse Asset Management Inc grew 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 in the last quarter. SouthState Corp grew its stake in PJT Partners by 126.7% during the first quarter. SouthState Corp now owns 544 shares of the financial services provider's stock valued at $75,000 after acquiring an additional 304 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in PJT Partners by 33.4% during the first quarter. GAMMA Investing LLC now owns 595 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 89.23% of the company's stock.

Insider Transactions at PJT Partners

In related news, Director Grace Reksten Skaugen sold 1,504 shares of the company's stock in a transaction 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 in the company, valued at $88,445. This represents a 75.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel David Adam Travin sold 2,288 shares of the company's stock in a transaction 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. In the last ninety days, insiders sold 23,792 shares of company stock worth $3,686,825. 11.75% of the stock is currently owned by insiders.

PJT Partners Trading Up 2.5%

Shares of PJT traded up $4.3640 during mid-day trading on Friday, reaching $179.6640. The company's stock had a trading volume of 118,298 shares, compared to its average volume of 275,380. The stock has a market cap of $4.37 billion, a PE ratio of 30.87 and a beta of 0.77. PJT Partners Inc. has a 52 week low of $116.07 and a 52 week high of $190.27. The company's fifty day moving average price is $173.77 and its two-hundred day moving average price is $156.79.

PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.18. The firm 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 business's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.19 EPS. Research analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, September 3rd. PJT Partners's payout ratio is presently 17.18%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wolfe Research reaffirmed an "underperform" rating on shares of PJT Partners in a research note on Thursday, July 10th. Keefe, Bruyette & Woods boosted 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. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $174.67.

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.