PJT Partners Inc (PJT) Chairman Paul J. Taubman Purchases 4,000 Shares

PJT Partners Inc (NYSE:PJT) Chairman Paul J. Taubman bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of $42.92 per share, for a total transaction of $171,680.00. Following the completion of the transaction, the chairman now directly owns 453,200 shares of the company’s stock, valued at approximately $19,451,344. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYSE:PJT traded down $0.08 during midday trading on Friday, hitting $40.61. The stock had a trading volume of 259,630 shares, compared to its average volume of 91,634. PJT Partners Inc has a one year low of $35.28 and a one year high of $61.18. The stock has a market cap of $927.84 million, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 0.62 and a beta of 1.17. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.06.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Thursday, February 7th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.18). The firm had revenue of $175.39 million during the quarter. PJT Partners had a return on equity of 17.81% and a net margin of 4.68%. On average, sell-side analysts anticipate that PJT Partners Inc will post 2.6 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 6th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 5th. This represents a $0.20 dividend on an annualized basis and a yield of 0.49%. PJT Partners’s dividend payout ratio is currently 10.47%.

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in PJT Partners by 1.3% during the third quarter. Vanguard Group Inc. now owns 913,355 shares of the financial services provider’s stock worth $47,813,000 after buying an additional 11,394 shares during the period. Wells Fargo & Company MN lifted its holdings in PJT Partners by 44.5% during the third quarter. Wells Fargo & Company MN now owns 67,141 shares of the financial services provider’s stock worth $3,515,000 after buying an additional 20,692 shares during the period. MetLife Investment Advisors LLC lifted its holdings in shares of PJT Partners by 51.5% during the 3rd quarter. MetLife Investment Advisors LLC now owns 14,136 shares of the financial services provider’s stock valued at $740,000 after purchasing an additional 4,806 shares during the last quarter. Edge Wealth Management LLC lifted its holdings in shares of PJT Partners by 42.5% during the 4th quarter. Edge Wealth Management LLC now owns 1,425 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 425 shares during the last quarter. Finally, First Bank & Trust purchased a new stake in shares of PJT Partners during the 4th quarter valued at $94,000. Institutional investors own 65.15% of the company’s stock.

A number of research firms have recently commented on PJT. Zacks Investment Research raised PJT Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, December 19th. Bank of America raised PJT Partners from a “neutral” rating to a “buy” rating and upped their target price for the company from $53.00 to $55.00 in a research note on Monday, November 19th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $59.50.

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About PJT Partners

PJT Partners Inc provides various strategic advisory, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.

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