Diversify Wealth Management LLC Acquires 4,082 Shares of PJT Partners Inc. $PJT

Diversify Wealth Management LLC lifted its stake in PJT Partners Inc. (NYSE:PJT) by 38.9% in the 1st quarter, HoldingsChannel reports. The firm owned 14,565 shares of the financial services provider’s stock after buying an additional 4,082 shares during the quarter. Diversify Wealth Management LLC’s holdings in PJT Partners were worth $2,215,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PJT. Wasatch Advisors LP purchased a new stake in PJT Partners in the third quarter worth about $68,604,000. Bessemer Group Inc. grew its holdings in shares of PJT Partners by 1,446.5% during the 4th quarter. Bessemer Group Inc. now owns 115,000 shares of the financial services provider’s stock worth $19,229,000 after acquiring an additional 107,564 shares during the period. Two Sigma Investments LP grew its holdings in shares of PJT Partners by 390.1% during the 3rd quarter. Two Sigma Investments LP now owns 84,936 shares of the financial services provider’s stock worth $15,096,000 after acquiring an additional 67,606 shares during the period. Janus Henderson Group PLC raised its position in shares of PJT Partners by 108.7% in the 4th quarter. Janus Henderson Group PLC now owns 121,918 shares of the financial services provider’s stock worth $20,376,000 after acquiring an additional 63,504 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its position in shares of PJT Partners by 61.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 149,951 shares of the financial services provider’s stock worth $25,072,000 after acquiring an additional 57,220 shares in the last quarter. Institutional investors own 89.23% of the company’s stock.

Insider Buying and Selling

In related 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 stock was sold at an average price of $152.43, for a total value of $457,290.00. Following the transaction, the general counsel directly owned 2,052 shares of the company’s stock, valued at approximately $312,786.36. The trade was a 59.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Helen T. Meates sold 8,000 shares of the business’s stock in a transaction 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 transaction, the chief financial officer directly owned 58,466 shares in the company, valued at $8,956,406.54. This trade represents a 12.04% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 10.98% of the company’s stock.

PJT Partners Trading Down 0.1%

Shares of PJT stock opened at $156.75 on Tuesday. PJT Partners Inc. has a 12-month low of $127.73 and a 12-month high of $195.62. The stock has a market capitalization of $4.05 billion, a P/E ratio of 22.85 and a beta of 0.85. The firm’s 50 day moving average is $156.11 and its 200 day moving average is $156.97.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $409.38 million. During the same quarter in the prior year, the company earned $1.05 earnings per share. PJT Partners’s revenue was up 28.9% on a year-over-year basis. As a group, equities analysts predict that PJT Partners Inc. will post 7.5 earnings per share for the current year.

PJT Partners Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. UBS Group raised their price objective on PJT Partners from $160.00 to $162.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Keefe, Bruyette & Woods increased their price target on shares of PJT Partners from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday. The Goldman Sachs Group raised shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 price target for the company in a research report on Wednesday, April 1st. Zacks Research raised shares of PJT Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PJT Partners in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $175.33.

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.