Diversify Wealth Management LLC Has $1.41 Million Stock Position in PJT Partners Inc. (NYSE:PJT)

Diversify Wealth Management LLC raised its position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 52.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,974 shares of the financial services provider's stock after buying an additional 3,446 shares during the quarter. Diversify Wealth Management LLC's holdings in PJT Partners were worth $1,411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Xponance Inc. increased its holdings in PJT Partners by 5.4% in the 1st quarter. Xponance Inc. now owns 1,749 shares of the financial services provider's stock worth $241,000 after buying an additional 90 shares in the last quarter. Alps Advisors Inc. purchased a new stake in shares of PJT Partners during the 1st quarter worth approximately $354,000. Linden Thomas Advisory Services LLC increased its position in shares of PJT Partners by 7.8% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 2,346 shares of the financial services provider's stock valued at $323,000 after purchasing an additional 169 shares during the last quarter. Richard Bernstein Advisors LLC bought a new position in shares of PJT Partners during the 1st quarter valued at approximately $3,373,000. Finally, Principal Financial Group Inc. grew its position in PJT Partners by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 143,579 shares of the financial services provider's stock valued at $19,797,000 after acquiring an additional 3,645 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors.

PJT Partners Stock Down 0.8%

PJT traded down $1.51 on Tuesday, hitting $178.80. 337,810 shares of the company traded hands, compared to its average volume of 248,055. The company has a 50 day moving average of $155.67 and a 200-day moving average of $152.49. PJT Partners Inc. has a 12-month low of $114.19 and a 12-month high of $190.28. The stock has a market capitalization of $4.37 billion, a PE ratio of 31.53 and a beta of 0.76.

PJT Partners (NYSE:PJT - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.11. The business had revenue of $324.50 million for the quarter, compared to analysts' expectations of $361.26 million. PJT Partners had a return on equity of 23.81% and a net margin of 10.47%. The company's revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 EPS. On average, research analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Wednesday, June 4th. PJT Partners's dividend payout ratio is presently 17.64%.

Insider Transactions at PJT Partners

In related news, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $141.74, for a total value of $708,700.00. Following the completion of the transaction, the general counsel directly owned 2,288 shares of the company's stock, valued at $324,301.12. This represents a 68.61% 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 stock was sold at an average price of $150.29, for a total value of $1,563,466.87. Following the completion of the transaction, the director directly owned 8,847 shares of the company's stock, valued at $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. Over the last ninety days, insiders have sold 25,000 shares of company stock worth $3,722,082. Corporate insiders own 11.75% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PJT shares. Keefe, Bruyette & Woods upped their price objective on PJT Partners from $161.00 to $199.00 and gave the stock a "market perform" rating in a research note on Monday. Wolfe Research reissued an "underperform" rating on shares of PJT Partners in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, PJT Partners currently has an average rating of "Hold" and a consensus price target of $164.00.

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.