GSA Capital Partners LLP Decreases Stake in PJT Partners Inc. (NYSE:PJT)

Key Points

• GSA Capital Partners LLP has reduced its stake in PJT Partners Inc. by 47.0%, holding 4,408 shares worth approximately $608,000 after selling 3,907 shares in the first quarter.
• The latest analyst rating for PJT includes an increase in the price target from $161.00 to $199.00 by Keefe, Bruyette & Woods, while maintaining a "market perform" rating.
• PJT Partners recently announced a quarterly dividend of $0.25 per share, representing an annualized yield of 0.6% with a payout ratio of 17.18%.

GSA Capital Partners LLP lessened its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 47.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,408 shares of the financial services provider's stock after selling 3,907 shares during the period. GSA Capital Partners LLP's holdings in PJT Partners were worth $608,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PJT. First Bank & Trust lifted its holdings in PJT Partners by 1.6% in the first quarter. First Bank & Trust now owns 5,186 shares of the financial services provider's stock valued at $715,000 after acquiring an additional 80 shares during the period. Crestwood Advisors Group LLC lifted 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 valued at $1,974,000 after purchasing an additional 83 shares during the period. Xponance Inc. boosted its holdings in PJT Partners by 5.4% during the first 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. NDVR Inc. grew its position in PJT Partners by 6.0% during the fourth quarter. NDVR Inc. now owns 2,050 shares of the financial services provider's stock worth $324,000 after buying an additional 116 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in PJT Partners by 112.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider's stock worth $44,000 after buying an additional 146 shares during the period. Hedge funds and other institutional investors own 89.23% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on PJT. 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 report on Thursday, July 10th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $174.67.

Insider Buying and Selling

In other PJT Partners news, General Counsel David Adam Travin sold 2,288 shares of the business's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $178.06, for a total value of $407,401.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kievdi Don Cornwell sold 10,403 shares of the stock in a transaction 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 transaction, the director directly owned 8,847 shares in the company, valued at approximately $1,329,615.63. This represents a 54.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,288 shares of company stock worth $3,420,783. 11.75% of the stock is owned by company insiders.

PJT Partners Price Performance

Shares of PJT Partners stock opened at $179.09 on Monday. PJT Partners Inc. has a 1 year low of $116.06 and a 1 year high of $190.27. The business has a 50 day moving average price of $166.08 and a 200 day moving average price of $155.10. The company has a market capitalization of $4.38 billion, a P/E ratio of 30.77 and a beta of 0.77.

PJT Partners (NYSE:PJT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.18. The business had revenue of $731.09 billion for the quarter, compared to the consensus estimate of $343.11 million. PJT Partners had a return on equity of 25.61% and a net margin of 10.45%. The business's revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.19 earnings per share. As a group, research analysts expect that PJT Partners Inc. will post 6.2 EPS for the current fiscal 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 given a dividend of $0.25 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. PJT Partners's dividend payout ratio (DPR) is 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.

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