EFG Asset Management North America Corp. Buys New Position in PJT Partners Inc. $PJT

EFG Asset Management North America Corp. bought a new stake in PJT Partners Inc. (NYSE:PJT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,059 shares of the financial services provider’s stock, valued at approximately $1,256,000.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of PJT Partners by 2.5% in the second quarter. Geode Capital Management LLC now owns 674,958 shares of the financial services provider’s stock worth $111,387,000 after purchasing an additional 16,591 shares in the last quarter. Congress Asset Management Co. lifted its position in PJT Partners by 5.4% during the 3rd quarter. Congress Asset Management Co. now owns 531,378 shares of the financial services provider’s stock worth $94,442,000 after buying an additional 27,232 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of PJT Partners by 9.8% during the 2nd quarter. Alliancebernstein L.P. now owns 528,689 shares of the financial services provider’s stock worth $87,239,000 after buying an additional 47,279 shares during the last quarter. Invesco Ltd. grew its holdings in shares of PJT Partners by 106.7% in the 2nd quarter. Invesco Ltd. now owns 520,056 shares of the financial services provider’s stock valued at $85,814,000 after acquiring an additional 268,435 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of PJT Partners by 6.7% in the 2nd quarter. Raymond James Financial Inc. now owns 490,566 shares of the financial services provider’s stock valued at $80,948,000 after acquiring an additional 30,860 shares in the last quarter. 89.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PJT shares. Evercore ISI set a $180.00 price target on PJT Partners in a research report on Monday, October 13th. BMO Capital Markets started coverage on PJT Partners in a report on Friday, October 3rd. They issued an “outperform” rating and a $205.00 price objective for the company. Zacks Research downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PJT Partners in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of PJT Partners from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $180.60.

PJT Partners Price Performance

NYSE:PJT opened at $176.47 on Wednesday. PJT Partners Inc. has a one year low of $119.76 and a one year high of $195.62. The company has a market cap of $4.29 billion, a P/E ratio of 27.15 and a beta of 0.84. The firm’s fifty day moving average price is $174.14 and its two-hundred day moving average price is $176.43.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.61. PJT Partners had a net margin of 10.75% and a return on equity of 29.66%. The company had revenue of $447.09 million during the quarter, compared to analysts’ expectations of $386.76 million. As a group, equities research analysts expect that PJT Partners Inc. will post 6.2 earnings per share for the current year.

About PJT Partners

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.