Diversify Wealth Management LLC Has $2.21 Million Position in PJT Partners Inc. $PJT

Diversify Wealth Management LLC boosted its stake in PJT Partners Inc. (NYSE:PJT) by 38.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,565 shares of the financial services provider’s stock after acquiring an additional 4,082 shares during the period. Diversify Wealth Management LLC owned 0.06% of PJT Partners worth $2,215,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PJT. Allworth Financial LP grew its stake in PJT Partners by 85.8% during the fourth quarter. Allworth Financial LP now owns 288 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 133 shares during the period. State of Wyoming bought a new stake in PJT Partners in the second quarter worth approximately $63,000. Kestra Advisory Services LLC acquired a new position in PJT Partners in the fourth quarter valued at approximately $65,000. Exchange Traded Concepts LLC acquired a new position in PJT Partners in the fourth quarter valued at approximately $86,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of PJT Partners by 2,338.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 512 shares of the financial services provider’s stock worth $86,000 after buying an additional 491 shares in the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of PJT Partners in a report on Friday, May 29th. Zacks Research upgraded shares of PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Keefe, Bruyette & Woods increased their price objective on shares of PJT Partners from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday. UBS Group increased their price objective on shares of PJT Partners from $160.00 to $162.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, The Goldman Sachs Group upgraded PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 target price for the company in a research note on Wednesday, April 1st. 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 company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $175.33.

PJT Partners Trading Down 0.1%

Shares of NYSE:PJT opened at $156.75 on Tuesday. The stock has a market cap of $4.05 billion, a PE ratio of 22.85 and a beta of 0.85. The stock’s fifty day simple moving average is $156.11 and its two-hundred day simple moving average is $156.97. PJT Partners Inc. has a 1-year low of $127.73 and a 1-year high of $195.62.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. PJT Partners had a net margin of 10.32% and a return on equity of 32.00%. The business had revenue of $418.20 million during the quarter, compared to the consensus estimate of $409.38 million. During the same period in the prior year, the firm posted $1.05 EPS. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. On average, sell-side analysts forecast that PJT Partners Inc. will post 7.5 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, June 3rd. PJT Partners’s payout ratio is currently 14.58%.

Insider Activity

In other news, General Counsel David Adam Travin sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $152.43, for a total value of $457,290.00. Following the sale, the general counsel owned 2,052 shares of the company’s stock, valued at $312,786.36. The trade was a 59.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Helen T. Meates sold 8,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $153.19, for a total transaction of $1,225,520.00. Following the completion of the sale, the chief financial officer owned 58,466 shares in the company, valued at $8,956,406.54. This represents a 12.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 10.98% of the stock is owned by corporate 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.