PJT Partners Inc. $PJT is Grandeur Peak Global Advisors LLC's 10th Largest Position

Key Points

• Grandeur Peak Global Advisors increased its PJT Partners stake by 12% in the second quarter to 57,926 shares valued at approximately $8.7 million, making PJT its 10th-largest holding. Institutional investors collectively own 89.23% of the company.
• PJT Partners reported strong quarterly results, with EPS of $1.97 versus the $1.57 consensus and revenue of $486.3 million, up 19.5% year over year. Shares opened at $183.02, near the upper end of their 12-month range.
• Analyst sentiment remains mixed, with three Buy, three Hold, and one Sell rating; the consensus rating is Hold with a $177.50 price target. The company declared a quarterly dividend of $0.25 per share, a 0.5% annualized yield.

Grandeur Peak Global Advisors LLC grew its stake in PJT Partners Inc. (NYSE:PJT - Free Report) by 12.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,926 shares of the financial services provider's stock after purchasing an additional 6,216 shares during the quarter. PJT Partners makes up about 2.1% of Grandeur Peak Global Advisors LLC's holdings, making the stock its 10th largest position. Grandeur Peak Global Advisors LLC owned approximately 0.23% of PJT Partners worth $8,743,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of PJT. Compass Financial Management LLC purchased a new stake in PJT Partners in the 2nd quarter valued at $36,000. Versant Capital Management Inc boosted its holdings in PJT Partners by 73.3% during the 2nd quarter. Versant Capital Management Inc now owns 234 shares of the financial services provider's stock worth $35,000 after acquiring an additional 99 shares during the last quarter. Allworth Financial LP grew its stake in shares of PJT Partners by 85.8% in the 4th quarter. Allworth Financial LP now owns 288 shares of the financial services provider's stock worth $48,000 after acquiring an additional 133 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of PJT Partners during the first quarter valued at about $50,000. Finally, State of Wyoming bought a new position in shares of PJT Partners during the second quarter valued at about $63,000. Institutional investors own 89.23% of the company's stock.

Wall Street Analyst Weigh In

PJT has been the subject of several analyst reports. Zacks Research upgraded shares of PJT Partners from a "strong sell" rating to a "hold" rating in a research note on Monday, June 29th. Wall Street Zen downgraded PJT Partners from a "buy" rating to a "hold" rating in a research note on Saturday. BMO Capital Markets upped their target price on PJT Partners from $183.00 to $194.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of PJT Partners in a research report on Wednesday. Finally, UBS Group reiterated a "neutral" rating and set a $176.00 price target on shares of PJT Partners in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, PJT Partners has an average rating of "Hold" and a consensus price target of $177.50.

PJT Partners Trading Up 0.1%

PJT Partners stock opened at $183.02 on Monday. PJT Partners Inc. has a 12 month low of $127.73 and a 12 month high of $195.62. The business's 50 day simple moving average is $166.55 and its 200 day simple moving average is $155.82. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 25.04 and a beta of 0.83.

PJT Partners (NYSE:PJT - Get Free Report) last released its earnings results on Tuesday, July 28th. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.40. The business had revenue of $486.29 million during the quarter, compared to the consensus estimate of $425.28 million. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%.The business's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the business posted $1.54 earnings per share. As a group, equities research analysts forecast that PJT Partners Inc. will post 8 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The company 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 dividend of $0.25 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. PJT Partners's dividend payout ratio is presently 13.68%.

Insider Transactions at PJT Partners

In related news, Director Kievdi Don Cornwell sold 7,845 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $173.48, for a total value of $1,360,950.60. Following the sale, the director directly owned 18,865 shares in the company, valued at approximately $3,272,700.20. The trade was a 29.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James Costos sold 1,723 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $175.00, for a total transaction of $301,525.00. Following the sale, the director directly owned 11,289 shares in the company, valued at approximately $1,975,575. This trade represents a 13.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,951 shares of company stock worth $2,061,681 over the last 90 days. 10.98% of the stock is owned by insiders.

PJT Partners Profile

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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