PJT Partners Inc. $PJT Stock Position Raised by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC lifted its stake in PJT Partners Inc. (NYSE:PJT) by 12.0% in the second quarter, Holdings Channel.com reports. The fund owned 57,926 shares of the financial services provider’s stock after purchasing an additional 6,216 shares during the period. PJT Partners makes up approximately 2.1% of Grandeur Peak Global Advisors LLC’s portfolio, making the stock its 10th biggest position. Grandeur Peak Global Advisors LLC’s holdings in PJT Partners were worth $8,743,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Compass Financial Management LLC purchased a new position in shares of PJT Partners in the second quarter valued at $36,000. Bank of New York Mellon Corp purchased a new stake in PJT Partners during the 2nd quarter worth about $28,397,000. Wasatch Advisors LP lifted its holdings in PJT Partners by 79.3% during the 2nd quarter. Wasatch Advisors LP now owns 1,478,222 shares of the financial services provider’s stock worth $223,123,000 after purchasing an additional 653,685 shares in the last quarter. First Bank & Trust boosted its stake in PJT Partners by 6.1% in the 2nd quarter. First Bank & Trust now owns 4,752 shares of the financial services provider’s stock worth $717,000 after purchasing an additional 275 shares during the period. Finally, Balefire LLC bought a new position in PJT Partners in the 2nd quarter worth about $220,000. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

PJT Partners Stock Up 0.1%

PJT opened at $183.02 on Monday. The business’s fifty day simple moving average is $166.55 and its 200 day simple moving average is $155.82. PJT Partners Inc. has a 52 week low of $127.73 and a 52 week high of $195.62. The stock has a market cap of $4.68 billion, a PE ratio of 25.04 and a beta of 0.83.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $1.97 EPS for the quarter, beating the consensus estimate of $1.57 by $0.40. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%.The firm had revenue of $486.29 million for the quarter, compared to analyst estimates of $425.28 million. During the same period in the prior year, the company earned $1.54 EPS. The company’s revenue was up 19.5% on a year-over-year basis. As a group, equities analysts anticipate that PJT Partners Inc. will post 8 earnings per share for the current year.

PJT Partners Announces Dividend

The business also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, September 2nd. PJT Partners’s dividend payout ratio (DPR) is 13.68%.

Wall Street Analyst Weigh In

PJT has been the topic of several analyst reports. UBS Group reiterated a “neutral” rating and set a $176.00 price target on shares of PJT Partners in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods raised their price objective on shares of PJT Partners from $185.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. BMO Capital Markets boosted their price objective on shares of PJT Partners from $183.00 to $194.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Zacks Research raised shares of PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Wall Street Zen cut shares of PJT Partners from a “buy” rating to a “hold” rating in a research note on Saturday. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $177.50.

Insider Buying and Selling

In related news, Director James Costos sold 1,723 shares of the firm’s stock in a transaction that occurred on 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 directly owned 11,289 shares in the company, valued at $1,975,575. This trade represents a 13.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Grace Reksten Skaugen sold 1,283 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $167.67, for a total value of $215,120.61. Following the sale, the director directly owned 500 shares of the company’s stock, valued at approximately $83,835. This trade represents a 71.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 11,951 shares of company stock valued at $2,061,681. 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.