Creative Planning Grows Stock Position in PJT Partners Inc. $PJT

Creative Planning boosted its stake in shares of PJT Partners Inc. (NYSE:PJT) by 31.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,941 shares of the financial services provider’s stock after acquiring an additional 2,633 shares during the quarter. Creative Planning’s holdings in PJT Partners were worth $1,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Voya Investment Management LLC boosted its stake in shares of PJT Partners by 31.1% during the first quarter. Voya Investment Management LLC now owns 17,429 shares of the financial services provider’s stock valued at $2,403,000 after purchasing an additional 4,136 shares during the period. Jump Financial LLC bought a new stake in PJT Partners during the 1st quarter valued at $802,000. Sierra Summit Advisors LLC purchased a new stake in PJT Partners during the 1st quarter valued at $578,000. Mutual of America Capital Management LLC grew its holdings in PJT Partners by 36.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 65,784 shares of the financial services provider’s stock worth $10,855,000 after acquiring an additional 17,602 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in PJT Partners in the 1st quarter worth $392,000. 89.23% of the stock is currently owned by institutional investors.

PJT Partners Stock Performance

Shares of NYSE:PJT opened at $168.08 on Thursday. PJT Partners Inc. has a 52-week low of $119.76 and a 52-week high of $190.27. The firm has a market capitalization of $4.09 billion, a P/E ratio of 25.86 and a beta of 0.79. The stock has a 50 day moving average price of $173.49 and a 200-day moving average price of $170.70.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.61. The company had revenue of $447.09 million for the quarter, compared to analyst estimates of $386.76 million. PJT Partners had a return on equity of 29.66% and a net margin of 10.75%. On average, equities analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, December 3rd. PJT Partners’s dividend payout ratio (DPR) is presently 15.38%.

Analyst Ratings Changes

A number of analysts have recently weighed in on PJT shares. Wall Street Zen upgraded shares of PJT Partners from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Keefe, Bruyette & Woods boosted their price target on PJT Partners from $180.00 to $182.00 and gave the company a “market perform” rating in a report on Wednesday, November 5th. Zacks Research upgraded PJT Partners from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. BMO Capital Markets initiated coverage on PJT Partners in a research report on Friday, October 3rd. They issued an “outperform” rating and a $205.00 price objective on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of PJT Partners in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $185.50.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.