Ellsworth Advisors LLC Acquires 205 Shares of PJT Partners Inc. (NYSE:PJT)

Ellsworth Advisors LLC lifted its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 3.8% during the 4th quarter, Holdings Channel reports. The firm owned 5,647 shares of the financial services provider’s stock after purchasing an additional 205 shares during the period. Ellsworth Advisors LLC’s holdings in PJT Partners were worth $891,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP raised its holdings in PJT Partners by 186.3% in the 3rd quarter. Quarry LP now owns 209 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 136 shares in the last quarter. GAMMA Investing LLC raised its position in shares of PJT Partners by 76.4% in the 3rd quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider’s stock valued at $45,000 after buying an additional 146 shares in the last quarter. KBC Group NV lifted its holdings in shares of PJT Partners by 113.0% during the 3rd quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 426 shares during the period. nVerses Capital LLC bought a new position in PJT Partners in the third quarter valued at approximately $213,000. Finally, D.A. Davidson & CO. bought a new position in PJT Partners in the third quarter valued at approximately $234,000. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PJT Partners

In related news, Director Kenneth C. Whitney sold 1,725 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $159.75, for a total value of $275,568.75. Following the sale, the director now directly owns 9,100 shares in the company, valued at $1,453,725. This represents a 15.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel David Adam Travin sold 1,541 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $159.18, for a total transaction of $245,296.38. The disclosure for this sale can be found here. Insiders sold 4,766 shares of company stock worth $762,980 over the last three months. Company insiders own 11.71% of the company’s stock.

PJT Partners Trading Up 0.1 %

PJT Partners stock opened at $159.07 on Monday. The company has a market capitalization of $3.77 billion, a PE ratio of 40.37 and a beta of 0.66. The stock has a 50-day moving average price of $159.52 and a two-hundred day moving average price of $139.79. PJT Partners Inc. has a 12 month low of $88.51 and a 12 month high of $168.92.

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

PJT Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were paid a $0.25 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.63%. PJT Partners’s dividend payout ratio is 25.38%.

Wall Street Analyst Weigh In

PJT has been the subject of several recent analyst reports. UBS Group upgraded PJT Partners from a “sell” rating to a “neutral” rating and upped their target price for the stock from $130.00 to $175.00 in a research note on Friday, December 6th. Citizens Jmp cut PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. JMP Securities downgraded shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of PJT Partners from $159.00 to $152.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $152.25.

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.