Azora Capital LP Purchases Shares of 225,404 PJT Partners Inc. $PJT

Azora Capital LP purchased a new stake in shares of PJT Partners Inc. (NYSE:PJT) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 225,404 shares of the financial services provider’s stock, valued at approximately $40,061,000. PJT Partners makes up about 1.9% of Azora Capital LP’s investment portfolio, making the stock its 22nd biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in PJT. CWM LLC grew its holdings in PJT Partners by 50.8% in the 3rd quarter. CWM LLC now owns 181 shares of the financial services provider’s stock worth $32,000 after buying an additional 61 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in PJT Partners during the 3rd quarter valued at $33,000. Salomon & Ludwin LLC bought a new stake in PJT Partners during the 3rd quarter valued at $41,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in PJT Partners by 75.9% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 285 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 123 shares during the period. Finally, State of Wyoming acquired a new position in PJT Partners during the 2nd quarter worth $63,000. 89.23% of the stock is currently owned by institutional investors and hedge funds.

PJT Partners Stock Performance

PJT opened at $129.08 on Friday. The company has a market capitalization of $3.14 billion, a PE ratio of 19.44 and a beta of 0.85. The stock’s fifty day moving average is $163.32 and its 200-day moving average is $170.12. PJT Partners Inc. has a one year low of $119.76 and a one year high of $195.62.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.14. The business had revenue of $535.16 million during the quarter, compared to analysts’ expectations of $533.32 million. PJT Partners had a return on equity of 31.69% and a net margin of 10.51%.The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $1.90 earnings per share. On average, equities research analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. PJT Partners’s dividend payout ratio (DPR) is 15.06%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wolfe Research reissued an “underperform” rating and set a $150.00 price target on shares of PJT Partners in a report on Wednesday, January 7th. The Goldman Sachs Group reduced their price objective on shares of PJT Partners from $197.00 to $174.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Zacks Research lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Wall Street Zen cut shares of PJT Partners from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Keefe, Bruyette & Woods upped their price target on shares of PJT Partners from $186.00 to $188.00 and gave the stock a “market perform” rating in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $174.67.

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.