Flputnam Investment Management Co. Has $12.11 Million Stake in PJT Partners Inc. $PJT

Flputnam Investment Management Co. increased its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 874.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 68,155 shares of the financial services provider’s stock after purchasing an additional 61,158 shares during the quarter. Flputnam Investment Management Co.’s holdings in PJT Partners were worth $12,113,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. M&T Bank Corp grew its holdings in PJT Partners by 3.3% during the 2nd quarter. M&T Bank Corp now owns 2,302 shares of the financial services provider’s stock worth $380,000 after acquiring an additional 74 shares during the period. F m Investments LLC lifted its stake in shares of PJT Partners by 0.3% in the 2nd quarter. F m Investments LLC now owns 26,851 shares of the financial services provider’s stock valued at $4,431,000 after purchasing an additional 80 shares during the period. Huntington National Bank boosted its position in shares of PJT Partners by 13.8% in the 2nd quarter. Huntington National Bank now owns 710 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 86 shares during the last quarter. Intrust Bank NA grew its stake in shares of PJT Partners by 2.7% during 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. Finally, OLD National Bancorp IN increased its holdings in PJT Partners by 6.0% in the second quarter. OLD National Bancorp IN now owns 1,653 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 93 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors and hedge funds.

PJT Partners Stock Performance

Shares of PJT opened at $167.96 on Friday. PJT Partners Inc. has a twelve month low of $119.76 and a twelve month high of $190.27. The firm’s 50 day moving average price is $170.38 and its two-hundred day moving average price is $173.18. The firm has a market cap of $4.08 billion, a P/E ratio of 25.84 and a beta of 0.85.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $386.76 million. On average, sell-side analysts anticipate that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, December 3rd. PJT Partners’s dividend payout ratio is 15.38%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. BMO Capital Markets initiated coverage on PJT Partners in a report on Friday, October 3rd. They set an “outperform” rating and a $205.00 target price on the stock. Keefe, Bruyette & Woods increased their price target on shares of PJT Partners from $182.00 to $186.00 and gave the company a “market perform” rating in a research report on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a research note on Wednesday, October 8th. UBS Group began coverage on shares of PJT Partners in a research note on Thursday, December 11th. They issued a “neutral” rating and a $180.00 target price for the company. Finally, Zacks Research upgraded shares of PJT Partners from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $187.75.

About PJT Partners

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.