Calamos Wealth Management LLC Makes New Investment in PJT Partners Inc. $PJT

Calamos Wealth Management LLC bought a new stake in PJT Partners Inc. (NYSE:PJT) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,220 shares of the financial services provider’s stock, valued at approximately $450,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in shares of PJT Partners by 85.8% during the 4th quarter. Allworth Financial LP now owns 288 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 133 shares during the period. State of Wyoming bought a new position in PJT Partners in the second quarter valued at approximately $63,000. Kestra Advisory Services LLC acquired a new position in PJT Partners during the fourth quarter valued at approximately $65,000. Exchange Traded Concepts LLC acquired a new position in PJT Partners during the fourth quarter valued at approximately $86,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in PJT Partners by 2,338.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 512 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 491 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 $165.26 on Wednesday. PJT Partners Inc. has a 52 week low of $127.73 and a 52 week high of $195.62. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 24.09 and a beta of 0.85. The stock has a fifty day moving average of $156.38 and a 200-day moving average of $156.93.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. PJT Partners had a return on equity of 32.00% and a net margin of 10.32%.The business had revenue of $418.20 million for the quarter, compared to analyst estimates of $409.38 million. During the same quarter in the previous year, the company posted $1.05 EPS. PJT Partners’s quarterly revenue was up 28.9% compared to the same quarter last year. As a group, equities analysts forecast that PJT Partners Inc. will post 7.5 EPS for the current year.

PJT Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, June 3rd. PJT Partners’s dividend payout ratio (DPR) is presently 14.58%.

Insider Activity

In related news, General Counsel David Adam Travin sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $152.43, for a total value of $457,290.00. Following the completion of the transaction, the general counsel owned 2,052 shares in the company, valued at $312,786.36. This trade represents a 59.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Helen T. Meates sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $153.19, for a total transaction of $1,225,520.00. Following the completion of the transaction, the chief financial officer owned 58,466 shares of the company’s stock, valued at approximately $8,956,406.54. This trade represents a 12.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 10.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PJT Partners in a report on Friday, May 29th. Zacks Research raised PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. The Goldman Sachs Group upgraded PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 price objective for the company in a research report on Wednesday, April 1st. UBS Group raised their price objective on PJT Partners from $160.00 to $162.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Keefe, Bruyette & Woods lifted their target price on PJT Partners from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, PJT Partners presently has a consensus rating of “Hold” and a consensus price target of $175.33.

PJT Partners 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.