PJT Partners (NYSE:PJT) CFO Helen Meates Sells 8,000 Shares

Key Points

• CFO Helen Meates sold 8,000 PJT shares on May 1 at an average price of $153.19 for about $1.23M, lowering her holding by 12.04% to 58,466 shares, according to the SEC filing.
• Quarterly results: PJT reported EPS of $1.54 versus $1.51 expected and revenue of $418.2M, a 28.9% year-over-year increase, marking a beat on both earnings and revenue.
• Dividend and market reaction: The firm declared a $0.25 quarterly dividend (annualized $1.00, ~0.6% yield) and the stock traded up ~1.3% to $154.72 on above-average volume, while analysts' consensus remains a "Hold" with a $173.33 target.

PJT Partners Inc. (NYSE:PJT - Get Free Report) CFO Helen Meates sold 8,000 shares of the firm's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $153.19, for a total value of $1,225,520.00. Following the transaction, the chief financial officer owned 58,466 shares in the company, valued at approximately $8,956,406.54. This trade represents a 12.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PJT Partners Trading Up 1.3%

NYSE PJT traded up $1.98 during trading on Friday, hitting $154.72. 527,909 shares of the company traded hands, compared to its average volume of 359,557. PJT Partners Inc. has a 12 month low of $127.73 and a 12 month high of $195.62. The business has a fifty day simple moving average of $145.33 and a 200 day simple moving average of $162.13. The company has a market capitalization of $3.74 billion, a P/E ratio of 22.55 and a beta of 0.88.

PJT Partners (NYSE:PJT - Get Free Report) last posted its earnings results on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.03. PJT Partners had a return on equity of 32.00% and a net margin of 10.32%.The company had revenue of $418.20 million for the quarter, compared to analyst estimates of $409.38 million. During the same period last year, the company earned $1.05 earnings per share. The business's revenue was up 28.9% compared to the same quarter last year. Equities research analysts predict that PJT Partners Inc. will post 7.5 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be paid a $0.25 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. PJT Partners's payout ratio is presently 15.06%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PJT shares. Wall Street Zen lowered PJT Partners from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Keefe, Bruyette & Woods lifted their price objective on PJT Partners from $166.00 to $175.00 and gave the stock an "outperform" rating in a research note on Wednesday. Zacks Research lowered PJT Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 5th. Weiss Ratings restated a "hold (c+)" rating on shares of PJT Partners in a research note on Thursday, January 22nd. Finally, UBS Group boosted their price target on PJT Partners from $152.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, PJT Partners presently has an average rating of "Hold" and a consensus price target of $173.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC grew its holdings in shares of PJT Partners by 50.8% in the 3rd quarter. CWM LLC now owns 181 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 61 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of PJT Partners by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,563 shares of the financial services provider's stock valued at $930,000 after acquiring an additional 64 shares in the last quarter. Crestwood Advisors Group LLC grew its holdings in shares of PJT Partners by 0.5% in the 4th quarter. Crestwood Advisors Group LLC now owns 14,339 shares of the financial services provider's stock valued at $2,397,000 after acquiring an additional 66 shares in the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of PJT Partners by 1.9% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,561 shares of the financial services provider's stock valued at $595,000 after acquiring an additional 67 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in PJT Partners by 1.4% during the fourth quarter. HighTower Advisors LLC now owns 5,661 shares of the financial services provider's stock worth $946,000 after purchasing an additional 78 shares during the period. 89.23% of the stock is owned by institutional investors and hedge funds.

About PJT Partners

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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