WINTON GROUP Ltd Invests $4.60 Million in PJT Partners Inc. $PJT

Key Points

• WINTON GROUP Ltd acquired 30,500 shares of PJT Partners worth approximately $4.60 million, while institutional investors and hedge funds collectively own 89.23% of the company.
• PJT Partners reported quarterly EPS of $1.97, beating estimates of $1.57, while revenue rose 19.5% year over year to $486.29 million. The stock was trading near $171.71, with analysts holding a consensus “Hold” rating and a $177.50 target price.
• The company declared a quarterly dividend of $0.25 per share, equivalent to an annualized $1.00 payout and a 0.6% yield. Meanwhile, insiders sold 11,951 shares worth about $2.06 million over the past 90 days.

WINTON GROUP Ltd acquired a new stake in PJT Partners Inc. (NYSE:PJT - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,500 shares of the financial services provider's stock, valued at approximately $4,604,000. WINTON GROUP Ltd owned approximately 0.12% of PJT Partners as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Compass Financial Management LLC acquired a new stake in shares of PJT Partners during the 2nd quarter worth about $36,000. Versant Capital Management Inc lifted its stake in shares of PJT Partners by 73.3% during the second quarter. Versant Capital Management Inc now owns 234 shares of the financial services provider's stock valued at $35,000 after buying an additional 99 shares during the period. Allworth Financial LP lifted its stake in shares of PJT Partners by 85.8% during the fourth quarter. Allworth Financial LP now owns 288 shares of the financial services provider's stock valued at $48,000 after buying an additional 133 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in PJT Partners during the first quarter worth approximately $50,000. Finally, State of Wyoming acquired a new stake in PJT Partners during the second quarter worth approximately $63,000. Institutional investors and hedge funds own 89.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PJT shares. UBS Group reissued a "neutral" rating and set a $176.00 price target on shares of PJT Partners in a research note on Wednesday, July 29th. BMO Capital Markets lifted their price objective on PJT Partners from $183.00 to $194.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Weiss Ratings reiterated a "hold (c)" rating on shares of PJT Partners in a research note on Wednesday, August 26th. Keefe, Bruyette & Woods increased their target price on PJT Partners from $185.00 to $195.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Finally, Zacks Research raised PJT Partners from a "strong sell" rating to a "hold" rating in a research note on Monday, June 29th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $177.50.

Insider Buying and Selling

In other PJT Partners news, Director James Costos sold 1,723 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $175.00, for a total transaction of $301,525.00. Following the transaction, the director owned 11,289 shares in the company, valued at $1,975,575. The trade was a 13.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kievdi Cornwell sold 7,845 shares of the company'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 completion of the sale, the director directly owned 18,865 shares of the company's stock, valued at $3,272,700.20. The trade was a 29.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,951 shares of company stock valued at $2,061,681 in the last 90 days. 10.98% of the stock is currently owned by company insiders.

PJT Partners Stock Performance

NYSE PJT opened at $171.71 on Friday. PJT Partners Inc. has a one year low of $127.73 and a one year high of $195.62. The company's 50 day moving average price is $171.38 and its 200 day moving average price is $157.44. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 23.49 and a beta of 0.84.

PJT Partners (NYSE:PJT - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.40. PJT Partners had a net margin of 10.57% and a return on equity of 32.66%. The company had revenue of $486.29 million during the quarter, compared to the consensus estimate of $425.28 million. During the same period in the previous year, the firm earned $1.54 earnings per share. PJT Partners's revenue for the quarter was up 19.5% on a year-over-year basis. Sell-side analysts forecast that PJT Partners Inc. will post 8 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 16th. Investors of record on Wednesday, September 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 2nd. PJT Partners's dividend payout ratio is 13.68%.

PJT Partners Company 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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