Portside Wealth Group LLC Buys 381 Shares of PJT Partners Inc. $PJT

Portside Wealth Group LLC raised its stake in PJT Partners Inc. (NYSE:PJT) by 6.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,893 shares of the financial services provider’s stock after purchasing an additional 381 shares during the quarter. Portside Wealth Group LLC’s holdings in PJT Partners were worth $972,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Westover Capital Advisors LLC raised its position in PJT Partners by 250.0% in the 2nd quarter. Westover Capital Advisors LLC now owns 9,789 shares of the financial services provider’s stock valued at $1,615,000 after buying an additional 6,992 shares during the last quarter. Intrust Bank NA grew its stake in shares of PJT Partners by 2.7% in the 2nd quarter. Intrust Bank NA now owns 3,451 shares of the financial services provider’s stock worth $569,000 after acquiring an additional 91 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew 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 acquiring an additional 868 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of PJT Partners in the second quarter valued at about $265,000. Finally, Cetera Investment Advisers bought a new position in shares of PJT Partners during the second quarter valued at about $239,000. Institutional investors own 89.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PJT Partners in a research report on Wednesday, October 8th. Evercore ISI set a $180.00 target price on PJT Partners in a research note on Monday, October 13th. Wall Street Zen raised PJT Partners from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Keefe, Bruyette & Woods lifted their price target on PJT Partners from $180.00 to $182.00 and gave the stock a “market perform” rating in a report on Wednesday, November 5th. Finally, Zacks Research upgraded PJT Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, PJT Partners presently has a consensus rating of “Hold” and a consensus price target of $185.50.

PJT Partners Stock Up 2.1%

Shares of PJT stock opened at $162.13 on Wednesday. The firm has a market cap of $3.94 billion, a P/E ratio of 24.94 and a beta of 0.79. The company has a 50 day moving average of $175.41 and a 200-day moving average of $169.92. PJT Partners Inc. has a 12-month low of $119.76 and a 12-month high of $190.27.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.61. PJT Partners had a return on equity of 29.66% and a net margin of 10.75%.The business had revenue of $447.09 million during the quarter, compared to analyst estimates of $386.76 million. As a group, equities analysts expect that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Announces Dividend

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

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.