Atria Investments Inc Buys 142 Shares of PJT Partners Inc. (NYSE:PJT)

Atria Investments Inc increased its stake in shares of PJT Partners Inc. (NYSE:PJT) by 5.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,563 shares of the financial services provider’s stock after acquiring an additional 142 shares during the quarter. Atria Investments Inc’s holdings in PJT Partners were worth $342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PJT. SouthState Corp bought a new stake in shares of PJT Partners in the 2nd quarter worth about $26,000. Opal Wealth Advisors LLC acquired a new position in PJT Partners during the 2nd quarter worth about $30,000. GAMMA Investing LLC lifted its position in PJT Partners by 76.4% during the 3rd quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider’s stock worth $45,000 after buying an additional 146 shares in the last quarter. nVerses Capital LLC acquired a new position in PJT Partners during the 3rd quarter worth about $213,000. Finally, OLD National Bancorp IN acquired a new position in PJT Partners during the 2nd quarter worth about $204,000. Institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Up 3.3 %

Shares of PJT opened at $161.06 on Friday. The stock has a market capitalization of $3.82 billion, a P/E ratio of 39.56 and a beta of 0.61. PJT Partners Inc. has a twelve month low of $83.88 and a twelve month high of $163.85. The company has a 50 day moving average of $142.47 and a 200-day moving average of $123.31.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. The company had revenue of $326.30 million during the quarter, compared to analysts’ expectations of $313.46 million. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the business earned $0.78 EPS. On average, sell-side analysts anticipate that PJT Partners Inc. will post 4.4 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Wednesday, December 4th. PJT Partners’s payout ratio is presently 25.38%.

Insider Activity

In other PJT Partners news, Director Kievdi Don Cornwell sold 11,586 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $123.49, for a total transaction of $1,430,755.14. Following the completion of the sale, the director now owns 8,339 shares of the company’s stock, valued at $1,029,783.11. This trade represents a 58.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Grace Reksten Skaugen sold 2,015 shares of PJT Partners stock in a transaction on Monday, August 26th. The stock was sold at an average price of $124.86, for a total value of $251,592.90. Following the sale, the director now directly owns 500 shares of the company’s stock, valued at $62,430. This represents a 80.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,367 shares of company stock valued at $3,633,828. 11.71% of the stock is owned by insiders.

Analyst Ratings Changes

PJT has been the topic of a number of research reports. The Goldman Sachs Group upped their target price on shares of PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. JMP Securities upped their price target on PJT Partners from $142.00 to $150.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $128.00 price target (up from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. Finally, UBS Group upped their price target on PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $123.80.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.