PJT Partners Inc. (NYSE:PJT) Shares Sold by Woodson Capital Management LP

Woodson Capital Management LP reduced its stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 44.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,000 shares of the financial services provider's stock after selling 38,000 shares during the quarter. PJT Partners accounts for 1.2% of Woodson Capital Management LP's holdings, making the stock its 27th largest position. Woodson Capital Management LP owned approximately 0.20% of PJT Partners worth $6,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Louisiana State Employees Retirement System grew its holdings in PJT Partners by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the financial services provider's stock valued at $1,198,000 after purchasing an additional 100 shares during the period. New York State Teachers Retirement System grew its stake in PJT Partners by 0.9% in the 3rd quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider's stock valued at $1,425,000 after acquiring an additional 100 shares during the period. American Century Companies Inc. increased its holdings in PJT Partners by 0.8% in the 2nd quarter. American Century Companies Inc. now owns 14,837 shares of the financial services provider's stock worth $1,601,000 after acquiring an additional 120 shares in the last quarter. AQR Capital Management LLC grew its position in shares of PJT Partners by 3.3% in the second quarter. AQR Capital Management LLC now owns 4,207 shares of the financial services provider's stock valued at $454,000 after purchasing an additional 136 shares during the period. Finally, Sei Investments Co. raised its position in shares of PJT Partners by 1.4% during the 2nd quarter. Sei Investments Co. now owns 10,458 shares of the financial services provider's stock worth $1,129,000 after purchasing an additional 141 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PJT has been the subject of a number of research analyst reports. UBS Group increased their target price on PJT Partners from $110.00 to $120.00 and gave the company a "sell" rating in a report on Tuesday, October 8th. JMP Securities increased their target price on shares of PJT Partners from $142.00 to $150.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, PJT Partners currently has a consensus rating of "Hold" and an average price target of $123.80.

Insider Activity

In other news, Director Kenneth C. Whitney sold 1,725 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total value of $275,568.75. Following the completion of the sale, the director now directly owns 9,100 shares of the company's stock, valued at approximately $1,453,725. This represents a 15.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Costos sold 1,500 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $161.41, for a total value of $242,115.00. Following the completion of the transaction, the director now owns 9,360 shares in the company, valued at $1,510,797.60. This trade represents a 13.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 14,766 shares of company stock valued at $1,951,480. Insiders own 11.71% of the company's stock.

PJT Partners Stock Performance

Shares of NYSE:PJT traded up $2.17 during trading on Friday, hitting $167.36. The company's stock had a trading volume of 107,048 shares, compared to its average volume of 233,818. PJT Partners Inc. has a fifty-two week low of $85.98 and a fifty-two week high of $168.92. The company has a market capitalization of $3.97 billion, a PE ratio of 42.38 and a beta of 0.61. The business has a 50 day moving average price of $146.85 and a two-hundred day moving average price of $125.84.

PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The company had revenue of $326.30 million for the quarter, compared to analyst estimates of $313.46 million. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The firm's revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 earnings per share. As a group, equities analysts expect that PJT Partners Inc. will post 4.4 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Wednesday, December 4th. PJT Partners's dividend payout ratio (DPR) is currently 25.38%.

PJT Partners 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.