PJT Partners Inc. $PJT Holdings Increased by Westover Capital Advisors LLC

Westover Capital Advisors LLC increased its stake in PJT Partners Inc. (NYSE:PJT) by 250.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,789 shares of the financial services provider’s stock after acquiring an additional 6,992 shares during the period. Westover Capital Advisors LLC’s holdings in PJT Partners were worth $1,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Intrust Bank NA lifted its position in PJT Partners by 2.7% in the second quarter. Intrust Bank NA now owns 3,451 shares of the financial services provider’s stock worth $569,000 after purchasing an additional 91 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of PJT Partners by 5.2% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 17,562 shares of the financial services provider’s stock worth $2,898,000 after buying an additional 868 shares in the last quarter. Citizens Financial Group Inc. RI bought a new stake in shares of PJT Partners in the 2nd quarter worth $265,000. Cetera Investment Advisers acquired a new stake in shares of PJT Partners in the second quarter valued at $239,000. Finally, Creative Planning boosted its stake in PJT Partners by 31.7% during the second quarter. Creative Planning now owns 10,941 shares of the financial services provider’s stock valued at $1,805,000 after buying an additional 2,633 shares in the last quarter. Institutional investors own 89.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PJT shares. BMO Capital Markets assumed coverage on shares of PJT Partners in a report on Friday, October 3rd. They issued an “outperform” rating and a $205.00 price target for the company. Wall Street Zen upgraded shares of PJT Partners from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Keefe, Bruyette & Woods raised their target price on shares of PJT Partners from $180.00 to $182.00 and gave the stock a “market perform” rating in a report on Wednesday, November 5th. Evercore ISI set a $180.00 price target on PJT Partners in a report on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, PJT Partners presently has an average rating of “Hold” and an average target price of $185.50.

PJT Partners Price Performance

PJT stock opened at $159.01 on Tuesday. The company’s 50 day simple moving average is $175.75 and its 200-day simple moving average is $169.79. PJT Partners Inc. has a 52-week low of $119.76 and a 52-week high of $190.27. The firm has a market capitalization of $3.87 billion, a P/E ratio of 24.46 and a beta of 0.79.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.61. PJT Partners had a net margin of 10.75% and a return on equity of 29.66%. The company had revenue of $447.09 million for the quarter, compared to the consensus estimate of $386.76 million. Sell-side analysts predict that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, December 3rd. PJT Partners’s dividend payout ratio is currently 15.38%.

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.