American Century Companies Inc. Acquires 120 Shares of PJT Partners Inc. (NYSE:PJT)

American Century Companies Inc. increased its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,837 shares of the financial services provider’s stock after acquiring an additional 120 shares during the quarter. American Century Companies Inc. owned about 0.06% of PJT Partners worth $1,601,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. SouthState Corp acquired a new position in PJT Partners during the second quarter valued at approximately $26,000. Opal Wealth Advisors LLC acquired a new stake in PJT Partners in the second quarter valued at about $30,000. Fidelis Capital Partners LLC acquired a new stake in PJT Partners in the first quarter valued at about $39,000. EntryPoint Capital LLC raised its stake in PJT Partners by 27.6% during the first quarter. EntryPoint Capital LLC now owns 1,662 shares of the financial services provider’s stock worth $157,000 after acquiring an additional 359 shares in the last quarter. Finally, Shell Asset Management Co. lifted its holdings in shares of PJT Partners by 41.0% in the first quarter. Shell Asset Management Co. now owns 2,074 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 603 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PJT shares. Keefe, Bruyette & Woods reiterated 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. The Goldman Sachs Group boosted their price target on PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. JMP Securities upped their price objective on PJT Partners from $120.00 to $142.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 31st. Finally, UBS Group lifted their target price on shares of PJT Partners from $85.00 to $93.00 and gave the stock a “sell” rating in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $116.80.

Insider Buying and Selling at PJT Partners

In related news, Director Kievdi Don Cornwell sold 11,586 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $123.49, for a total value of $1,430,755.14. Following the transaction, the director now directly owns 8,339 shares in the company, valued at $1,029,783.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Kievdi Don Cornwell sold 11,586 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $123.49, for a total value of $1,430,755.14. Following the completion of the transaction, the director now directly owns 8,339 shares in the company, valued at $1,029,783.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Emily K. Rafferty sold 1,696 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $130.79, for a total value of $221,819.84. Following the sale, the director now owns 7,404 shares in the company, valued at approximately $968,369.16. The disclosure for this sale can be found here. Insiders have sold a total of 25,297 shares of company stock valued at $3,092,668 in the last 90 days. Corporate insiders own 10.67% of the company’s stock.

PJT Partners Trading Down 0.0 %

Shares of PJT stock opened at $133.81 on Monday. PJT Partners Inc. has a 12 month low of $71.47 and a 12 month high of $137.19. The stock has a market capitalization of $3.18 billion, a P/E ratio of 36.86 and a beta of 0.61. The firm’s 50 day moving average is $124.46 and its 200 day moving average is $109.76.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.49. The business had revenue of $360.00 million for the quarter, compared to analysts’ expectations of $281.93 million. PJT Partners had a net margin of 7.96% and a return on equity of 18.04%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 EPS. On average, equities analysts predict that PJT Partners Inc. will post 4.35 EPS for the current year.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.75%. PJT Partners’s dividend payout ratio is currently 27.55%.

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.