MAI Capital Management Has $4.61 Million Position in PJT Partners Inc. $PJT

MAI Capital Management cut its holdings in PJT Partners Inc. (NYSE:PJT) by 64.6% during the third quarter, HoldingsChannel reports. The firm owned 25,929 shares of the financial services provider’s stock after selling 47,387 shares during the period. MAI Capital Management’s holdings in PJT Partners were worth $4,608,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC increased its position 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 during the period. Salomon & Ludwin LLC bought a new stake in shares of PJT Partners in the third quarter valued at approximately $41,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of PJT Partners by 75.9% in the second 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 last quarter. State of Wyoming bought a new position in PJT Partners during the second quarter worth $63,000. Finally, Federated Hermes Inc. increased its position in PJT Partners by 307.8% during the third quarter. Federated Hermes Inc. now owns 526 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 397 shares during the period. Institutional investors own 89.23% of the company’s stock.

Analysts Set New Price Targets

PJT has been the subject of a number of research reports. Zacks Research downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen upgraded shares of PJT Partners from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Keefe, Bruyette & Woods lifted their target price on 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 assumed coverage on PJT Partners in a report on Thursday, December 11th. They issued a “neutral” rating and a $180.00 price target for the company. Finally, Wolfe Research reissued an “underperform” rating and set a $150.00 price objective on shares of PJT Partners in a report on Wednesday, January 7th. One research 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, PJT Partners currently has a consensus rating of “Hold” and an average price target of $179.50.

PJT Partners Stock Up 1.7%

NYSE PJT opened at $151.84 on Friday. PJT Partners Inc. has a twelve month low of $119.76 and a twelve month high of $195.62. The stock has a market cap of $3.69 billion, a P/E ratio of 22.87 and a beta of 0.82. The company’s 50-day simple moving average is $169.58 and its 200 day simple moving average is $173.10.

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

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.00 annualized dividend and a yield of 0.7%. PJT Partners’s 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.