PJT Partners Inc. $PJT Position Boosted by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in PJT Partners Inc. (NYSE:PJT) by 125.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,176 shares of the financial services provider’s stock after purchasing an additional 10,121 shares during the period. Quantinno Capital Management LP owned about 0.07% of PJT Partners worth $2,540,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Allworth Financial LP boosted its holdings in PJT Partners by 85.8% during the fourth quarter. Allworth Financial LP now owns 288 shares of the financial services provider’s stock worth $48,000 after buying an additional 133 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of PJT Partners in the first quarter valued at $50,000. State of Wyoming bought a new position in shares of PJT Partners in the second quarter valued at $63,000. Kestra Advisory Services LLC acquired a new stake in shares of PJT Partners during the 4th quarter valued at $65,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of PJT Partners by 2,338.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 512 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 491 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PJT. BMO Capital Markets lifted their target price on PJT Partners from $183.00 to $194.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PJT Partners in a report on Friday, May 29th. Wall Street Zen upgraded PJT Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Keefe, Bruyette & Woods lifted their price target on PJT Partners from $185.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, UBS Group reaffirmed a “neutral” rating and set a $176.00 price objective on shares of PJT Partners in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $177.50.

Insider Buying and Selling

In other news, Director Grace Reksten Skaugen sold 1,283 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $167.67, for a total transaction of $215,120.61. Following the transaction, the director owned 500 shares in the company, valued at $83,835. This represents a 71.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.98% of the stock is owned by corporate insiders.

PJT Partners Price Performance

Shares of PJT stock opened at $171.21 on Monday. PJT Partners Inc. has a fifty-two week low of $127.73 and a fifty-two week high of $195.62. The stock’s 50-day moving average is $161.27 and its two-hundred day moving average is $155.83. The firm has a market cap of $4.38 billion, a P/E ratio of 23.42 and a beta of 0.83.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.40. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%.The business had revenue of $486.29 million during the quarter, compared to analyst estimates of $425.28 million. During the same period in the previous year, the company earned $1.54 EPS. The firm’s revenue was up 19.5% on a year-over-year basis. As a group, research analysts expect that PJT Partners Inc. will post 8 EPS for the current year.

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 2nd. PJT Partners’s payout ratio is currently 13.68%.

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.