Mutual of America Capital Management LLC Raises Stock Position in PJT Partners Inc. $PJT

Mutual of America Capital Management LLC raised its holdings in PJT Partners Inc. (NYSE:PJT) by 19.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 78,321 shares of the financial services provider’s stock after acquiring an additional 12,537 shares during the period. Mutual of America Capital Management LLC’s holdings in PJT Partners were worth $13,920,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of PJT Partners by 50.8% during the 3rd quarter. CWM LLC now owns 181 shares of the financial services provider’s stock valued at $32,000 after buying an additional 61 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in PJT Partners during the third quarter worth about $41,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in PJT Partners by 75.9% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 285 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 123 shares in the last quarter. State of Wyoming acquired a new position in PJT Partners in the second quarter valued at approximately $63,000. Finally, GAMMA Investing LLC boosted its position in PJT Partners by 21.1% in the 3rd quarter. GAMMA Investing LLC now owns 596 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 104 shares in the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Price Performance

Shares of NYSE PJT opened at $181.75 on Monday. The company has a market capitalization of $4.42 billion, a P/E ratio of 27.96 and a beta of 0.84. The company has a 50 day simple moving average of $173.45 and a 200-day simple moving average of $176.42. PJT Partners Inc. has a 1 year low of $119.76 and a 1 year high of $195.62.

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

Wall Street Analysts Forecast Growth

PJT has been the subject of several recent research reports. Wolfe Research reaffirmed an “underperform” rating and set a $150.00 target price on shares of PJT Partners in a report on Wednesday, January 7th. Weiss Ratings restated a “hold (c+)” rating on shares of PJT Partners in a research report on Thursday. Keefe, Bruyette & Woods upped their price objective on shares of PJT Partners from $186.00 to $188.00 and gave the stock a “market perform” rating in a research report on Thursday, January 8th. UBS Group started coverage on PJT Partners in a report on Thursday, December 11th. They issued a “neutral” rating and a $180.00 price objective on the stock. Finally, BMO Capital Markets began coverage on PJT Partners in a research report on Friday, October 3rd. They issued an “outperform” rating and a $205.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $180.60.

PJT Partners Company Profile

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.