B. Metzler seel. Sohn & Co. AG increased its holdings in PJT Partners Inc. (NYSE:PJT - Free Report) by 247.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,430 shares of the financial services provider's stock after acquiring an additional 9,568 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned approximately 0.05% of PJT Partners worth $2,027,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Grandeur Peak Global Advisors LLC raised its position in shares of PJT Partners by 12.0% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 57,926 shares of the financial services provider's stock valued at $8,743,000 after purchasing an additional 6,216 shares in the last quarter. Compass Financial Management LLC acquired a new stake in PJT Partners in the second quarter valued at $36,000. Bank of New York Mellon Corp bought a new position in PJT Partners during the 2nd quarter valued at $28,397,000. Wasatch Advisors LP boosted its stake in PJT Partners by 79.3% during the 2nd quarter. Wasatch Advisors LP now owns 1,478,222 shares of the financial services provider's stock valued at $223,123,000 after acquiring an additional 653,685 shares during the last quarter. Finally, First Bank & Trust grew its holdings in PJT Partners by 6.1% during the 2nd quarter. First Bank & Trust now owns 4,752 shares of the financial services provider's stock worth $717,000 after acquiring an additional 275 shares in the last quarter. Institutional investors and hedge funds own 89.23% of the company's stock.
Insider Transactions at PJT Partners
In other news, Director Grace Skaugen sold 1,283 shares of the company's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $167.67, for a total value of $215,120.61. Following the completion of the sale, the director owned 500 shares in the company, valued at $83,835. This represents a 71.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James Costos sold 1,723 shares of PJT Partners stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $175.00, for a total value of $301,525.00. Following the transaction, the director directly owned 11,289 shares in the company, valued at approximately $1,975,575. The trade was a 13.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 11,951 shares of company stock worth $2,061,681 in the last three months. 10.98% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several research firms have recently weighed in on PJT. Zacks Research raised shares of PJT Partners from a "strong sell" rating to a "hold" rating in a research report on Monday, June 29th. Weiss Ratings restated a "hold (c)" rating on shares of PJT Partners in a research note on Wednesday, August 26th. BMO Capital Markets increased their target price on PJT Partners from $183.00 to $194.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Wall Street Zen lowered PJT Partners from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. Finally, UBS Group reiterated a "neutral" rating and issued a $176.00 price target on shares of PJT Partners in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $177.50.
Read Our Latest Stock Analysis on PJT Partners
PJT Partners Price Performance
Shares of PJT Partners stock opened at $183.26 on Friday. PJT Partners Inc. has a 1-year low of $127.73 and a 1-year high of $195.62. The business's fifty day moving average price is $169.40 and its two-hundred day moving average price is $156.69. The company has a market capitalization of $4.69 billion, a P/E ratio of 25.07 and a beta of 0.84.
PJT Partners (NYSE:PJT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $1.97 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.40. The company had revenue of $486.29 million for the quarter, compared to analyst estimates of $425.28 million. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%.The company's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company earned $1.54 earnings per share. On average, research analysts expect that PJT Partners Inc. will post 8 earnings per share for the current fiscal year.
PJT Partners Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be paid a $0.25 dividend. 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 2nd. PJT Partners's dividend payout ratio is currently 13.68%.
About PJT Partners
(
Free Report)
PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm's dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.
The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.
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