Tidal Investments LLC Increases Stake in PJT Partners Inc. $PJT

Tidal Investments LLC increased its stake in PJT Partners Inc. (NYSE:PJT) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,193 shares of the financial services provider’s stock after acquiring an additional 4,147 shares during the period. Tidal Investments LLC owned approximately 0.47% of PJT Partners worth $17,991,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PJT. California State Teachers Retirement System raised its stake in PJT Partners by 13,745.6% during the second quarter. California State Teachers Retirement System now owns 3,860,291 shares of the financial services provider’s stock worth $582,672,000 after purchasing an additional 3,832,410 shares during the period. Wasatch Advisors LP grew its stake in shares of PJT Partners by 79.3% during the 2nd quarter. Wasatch Advisors LP now owns 1,478,222 shares of the financial services provider’s stock valued at $223,123,000 after buying an additional 653,685 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of PJT Partners during the 2nd quarter valued at $28,397,000. Squarepoint Ops LLC increased its holdings in shares of PJT Partners by 619.0% during the 2nd quarter. Squarepoint Ops LLC now owns 157,151 shares of the financial services provider’s stock worth $23,720,000 after buying an additional 135,294 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of PJT Partners by 1,446.5% during the 4th quarter. Bessemer Group Inc. now owns 115,000 shares of the financial services provider’s stock worth $19,229,000 after buying an additional 107,564 shares during the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director James Costos sold 1,723 shares of PJT Partners stock in a transaction on Friday, August 21st. The shares were sold at an average price of $175.00, for a total transaction of $301,525.00. Following the sale, the director owned 11,289 shares of the company’s stock, valued at $1,975,575. The trade was a 13.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Grace Skaugen sold 1,283 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $167.67, for a total transaction of $215,120.61. Following the completion of the transaction, the director owned 500 shares in the company, valued at $83,835. This represents a 71.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,951 shares of company stock valued at $2,061,681 over the last ninety days. 10.98% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. BMO Capital Markets increased their target price on PJT Partners from $183.00 to $194.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods upped their price target on PJT Partners from $185.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Zacks Research upgraded PJT Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings restated a “hold (c)” rating on shares of PJT Partners in a report on Wednesday, August 26th. Finally, Wall Street Zen lowered PJT Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PJT Partners has an average rating of “Hold” and a consensus target price of $177.50.

PJT Partners Price Performance

Shares of PJT opened at $171.71 on Friday. PJT Partners Inc. has a 12 month low of $127.73 and a 12 month high of $195.62. The stock’s 50-day moving average is $171.38 and its two-hundred day moving average is $157.44. The stock has a market cap of $4.39 billion, a PE ratio of 23.49 and a beta of 0.84.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, July 28th. The financial services provider reported $1.97 EPS for the quarter, beating the consensus estimate of $1.57 by $0.40. The business had revenue of $486.29 million for the quarter, compared to the consensus estimate of $425.28 million. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%.The company’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the business posted $1.54 EPS. On average, research analysts anticipate that PJT Partners Inc. will post 8 earnings per share for the current year.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be given 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 is Wednesday, September 2nd. PJT Partners’s payout ratio is presently 13.68%.

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.