Campbell & CO Investment Adviser LLC Buys Shares of 3,169 PJT Partners Inc. $PJT

Campbell & CO Investment Adviser LLC bought a new position in PJT Partners Inc. (NYSE:PJT) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 3,169 shares of the financial services provider’s stock, valued at approximately $563,000.

Several other institutional investors have also modified their holdings of the stock. First Horizon Corp purchased a new stake in shares of PJT Partners in the third quarter valued at about $112,000. Independent Solutions Wealth Management LLC boosted its holdings in PJT Partners by 2.5% in the 3rd quarter. Independent Solutions Wealth Management LLC now owns 17,018 shares of the financial services provider’s stock valued at $3,025,000 after purchasing an additional 420 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of PJT Partners in the 3rd quarter valued at approximately $41,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of PJT Partners by 138.9% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 8,600 shares of the financial services provider’s stock worth $1,528,000 after buying an additional 5,000 shares during the last quarter. Finally, Montgomery Investment Management Inc. purchased a new stake in shares of PJT Partners during the 3rd quarter valued at approximately $213,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Up 2.1%

Shares of PJT stock opened at $191.31 on Thursday. The firm has a 50 day moving average of $172.64 and a two-hundred day moving average of $176.20. The stock has a market capitalization of $4.65 billion, a PE ratio of 29.43 and a beta of 0.84. PJT Partners Inc. has a 52 week low of $119.76 and a 52 week high of $194.53.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.61. The business had revenue of $447.09 million for the quarter, compared to analysts’ expectations of $386.76 million. PJT Partners had a return on equity of 29.66% and a net margin of 10.75%. Analysts expect that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. PJT Partners’s payout ratio is currently 15.38%.

Analysts Set New Price Targets

Several brokerages recently weighed in on PJT. Wall Street Zen upgraded PJT Partners from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Keefe, Bruyette & Woods increased their price target on PJT Partners from $186.00 to $188.00 and gave the stock a “market perform” rating in a report on Thursday, January 8th. Wolfe Research restated an “underperform” rating and issued a $150.00 price objective on shares of PJT Partners in a report on Wednesday, January 7th. UBS Group started coverage on shares of PJT Partners in a research report on Thursday, December 11th. They issued a “neutral” rating and a $180.00 target price on the stock. Finally, BMO Capital Markets started coverage on shares of PJT Partners in a research report on Friday, October 3rd. They set an “outperform” rating and a $205.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $180.60.

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.