PJT Partners Inc. $PJT Stock Position Lowered by MAI Capital Management

MAI Capital Management decreased its position in PJT Partners Inc. (NYSE:PJT) by 64.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 25,929 shares of the financial services provider’s stock after selling 47,387 shares during the period. MAI Capital Management owned about 0.11% of PJT Partners worth $4,608,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Dana Investment Advisors Inc. boosted its position in shares of PJT Partners by 1.9% in the third quarter. Dana Investment Advisors Inc. now owns 5,761 shares of the financial services provider’s stock worth $1,024,000 after buying an additional 108 shares during the period. Alliance Wealth Advisors LLC UT boosted its position in PJT Partners by 6.6% during the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 5,073 shares of the financial services provider’s stock worth $902,000 after acquiring an additional 313 shares during the period. JPMorgan Chase & Co. grew its stake in PJT Partners by 28.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 110,454 shares of the financial services provider’s stock valued at $19,631,000 after acquiring an additional 24,502 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of PJT Partners by 40.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,650 shares of the financial services provider’s stock valued at $293,000 after purchasing an additional 476 shares during the period. Finally, Public Sector Pension Investment Board increased its holdings in shares of PJT Partners by 13.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 94,774 shares of the financial services provider’s stock valued at $16,844,000 after purchasing an additional 11,520 shares during the period. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on PJT. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PJT Partners in a research report on Thursday, January 22nd. UBS Group initiated coverage on shares of PJT Partners in a research note on Thursday, December 11th. They issued a “neutral” rating and a $180.00 price target on the stock. Wolfe Research reiterated an “underperform” rating and set a $150.00 price objective on shares of PJT Partners in a report on Wednesday, January 7th. Zacks Research downgraded PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, The Goldman Sachs Group cut their price target on PJT Partners from $197.00 to $174.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. One investment analyst has 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $179.50.

PJT Partners Stock Performance

PJT opened at $151.84 on Friday. The company has a market cap of $3.69 billion, a PE ratio of 22.87 and a beta of 0.82. The stock has a 50-day moving average of $169.58 and a 200-day moving average of $173.10. PJT Partners Inc. has a 52-week low of $119.76 and a 52-week high of $195.62.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.14. The firm had revenue of $535.16 million during the quarter, compared to analyst estimates of $533.32 million. PJT Partners had a return on equity of 32.98% and a net margin of 10.51%.The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.90 EPS. On average, research analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 4th. PJT Partners’s dividend payout ratio is currently 15.06%.

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.