SG Americas Securities LLC Boosts Stock Position in PJT Partners Inc. $PJT

SG Americas Securities LLC boosted its stake in shares of PJT Partners Inc. (NYSE:PJT) by 199.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,775 shares of the financial services provider’s stock after acquiring an additional 6,509 shares during the quarter. SG Americas Securities LLC’s holdings in PJT Partners were worth $1,634,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. CWM LLC lifted its position in PJT Partners by 50.8% in the third quarter. CWM LLC now owns 181 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 61 shares during the period. M&T Bank Corp increased its position in PJT Partners by 3.3% during the 2nd quarter. M&T Bank Corp now owns 2,302 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 74 shares during the period. Linden Thomas Advisory Services LLC increased its position in PJT Partners by 3.3% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 2,551 shares of the financial services provider’s stock worth $453,000 after purchasing an additional 81 shares during the period. California State Teachers Retirement System raised its stake in shares of PJT Partners by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 20,992 shares of the financial services provider’s stock worth $3,464,000 after buying an additional 97 shares in the last quarter. Finally, Anchor Capital Advisors LLC raised its stake in shares of PJT Partners by 0.9% during the 3rd quarter. Anchor Capital Advisors LLC now owns 11,439 shares of the financial services provider’s stock worth $2,033,000 after buying an additional 103 shares in the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

Analyst Upgrades and Downgrades

PJT has been the subject of several recent analyst reports. Wolfe Research reiterated an “underperform” rating and issued a $150.00 price objective on shares of PJT Partners in a research note on Wednesday, January 7th. Wall Street Zen cut shares of PJT Partners from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. The Goldman Sachs Group upgraded shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 price target for the company in a research report on Wednesday, April 1st. Zacks Research lowered PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of PJT Partners in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $174.00.

PJT Partners Stock Up 0.4%

Shares of NYSE PJT opened at $140.51 on Tuesday. The stock has a market capitalization of $3.40 billion, a PE ratio of 21.16 and a beta of 0.88. The firm has a fifty day moving average of $148.16 and a 200-day moving average of $164.97. PJT Partners Inc. has a 52-week low of $119.76 and a 52-week high of $195.62.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.14. PJT Partners had a return on equity of 31.69% and a net margin of 10.51%.The business had revenue of $535.16 million for the quarter, compared to analyst estimates of $533.32 million. During the same period last year, the company posted $1.90 EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. Equities research analysts expect that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, March 4th. PJT Partners’s dividend payout ratio (DPR) is 15.06%.

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.