PJT Partners Inc. $PJT Shares Bought by CW Advisors LLC

Key Points

• CW Advisors LLC increased its stake in PJT Partners by 12.5%, now owning 74,859 shares valued at approximately $10.3 million.
• Four analysts rated PJT Partners with a Hold rating, while one issued a Sell rating, with a consensus price target of $174.67.
• PJT Partners recently announced a quarterly dividend of $0.25 per share, yielding 0.6% annually, with a payout ratio of 17.18%.

CW Advisors LLC boosted its holdings in PJT Partners Inc. (NYSE:PJT - Free Report) by 12.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 74,859 shares of the financial services provider's stock after acquiring an additional 8,297 shares during the period. CW Advisors LLC owned 0.32% of PJT Partners worth $10,322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in PJT. Tidal Investments LLC acquired a new stake in shares of PJT Partners during the 4th quarter worth about $20,059,000. Nuveen LLC purchased a new stake in PJT Partners during the first quarter valued at about $12,587,000. GAMMA Investing LLC grew its holdings in shares of PJT Partners by 18,294.4% during the 1st quarter. GAMMA Investing LLC now owns 82,039 shares of the financial services provider's stock worth $11,312,000 after purchasing an additional 81,593 shares during the period. Congress Asset Management Co. lifted its position in PJT Partners by 19.7% during the first quarter. Congress Asset Management Co. now owns 485,575 shares of the financial services provider's stock valued at $66,951,000 after buying an additional 79,894 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in PJT Partners by 52.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 169,986 shares of the financial services provider's stock valued at $23,438,000 after buying an additional 58,656 shares in the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PJT has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted 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 reiterated an "underperform" rating on shares of PJT Partners in a research note on Thursday, July 10th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, PJT Partners has an average rating of "Reduce" and an average price target of $174.67.

Insider Activity

In other PJT Partners news, Director Grace Reksten Skaugen sold 1,504 shares of PJT Partners stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $176.89, for a total value of $266,042.56. Following the completion of the transaction, the director directly owned 500 shares in the company, valued at $88,445. The trade was a 75.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kievdi Don Cornwell sold 10,403 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $150.29, for a total value of $1,563,466.87. Following the completion of the sale, the director directly owned 8,847 shares in the company, valued at approximately $1,329,615.63. This trade represents a 54.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,792 shares of company stock valued at $3,686,825. Company insiders own 11.75% of the company's stock.

PJT Partners Stock Down 1.4%

Shares of PJT traded down $2.6060 during midday trading on Monday, hitting $178.1240. The company had a trading volume of 140,690 shares, compared to its average volume of 275,601. The company's 50 day moving average price is $174.36 and its 200 day moving average price is $156.55. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 30.61 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.

PJT Partners (NYSE:PJT - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $1.54 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $343.11 million. During the same quarter last year, the business posted $1.19 EPS. PJT Partners's quarterly revenue was up 13.0% compared to the same quarter last year. Equities analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given 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 dividend payout ratio (DPR) is presently 17.18%.

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.