Quantinno Capital Management LP Has $2.54 Million Holdings in PJT Partners Inc. $PJT

Quantinno Capital Management LP lifted its stake in shares of PJT Partners Inc. (NYSE:PJT) by 125.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 18,176 shares of the financial services provider’s stock after acquiring an additional 10,121 shares during the period. Quantinno Capital Management LP’s holdings in PJT Partners were worth $2,540,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wasatch Advisors LP bought a new position in shares of PJT Partners in the 3rd quarter valued at approximately $68,604,000. Bessemer Group Inc. grew its holdings in PJT Partners by 1,446.5% during the fourth quarter. Bessemer Group Inc. now owns 115,000 shares of the financial services provider’s stock valued at $19,229,000 after purchasing an additional 107,564 shares during the last quarter. Two Sigma Investments LP grew its holdings in PJT Partners by 390.1% during the third quarter. Two Sigma Investments LP now owns 84,936 shares of the financial services provider’s stock valued at $15,096,000 after purchasing an additional 67,606 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of PJT Partners by 108.7% in the fourth quarter. Janus Henderson Group PLC now owns 121,918 shares of the financial services provider’s stock valued at $20,376,000 after purchasing an additional 63,504 shares during the period. Finally, Tudor Investment Corp ET AL raised its position in shares of PJT Partners by 61.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 149,951 shares of the financial services provider’s stock valued at $25,072,000 after purchasing an additional 57,220 shares during the period. Institutional investors and hedge funds own 89.23% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on PJT. BMO Capital Markets upped their price objective on shares of PJT Partners from $183.00 to $194.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods upped their price target on shares of PJT Partners from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Zacks Research raised PJT Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of PJT Partners in a research note on Friday, May 29th. Finally, UBS Group reissued a “neutral” rating and set a $176.00 price objective on shares of PJT Partners in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, PJT Partners has an average rating of “Hold” and a consensus price target of $177.50.

Insider Activity at PJT Partners

In other news, Director Grace Reksten Skaugen sold 1,283 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $167.67, for a total value of $215,120.61. Following the sale, the director owned 500 shares in the company, valued at approximately $83,835. The trade was a 71.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.98% of the company’s stock.

PJT Partners Trading Down 0.1%

PJT stock opened at $171.21 on Monday. PJT Partners Inc. has a 1-year low of $127.73 and a 1-year high of $195.62. The business’s 50 day moving average is $161.27 and its 200-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 posted its earnings results on Tuesday, July 28th. The financial services provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.57 by $0.40. The business had revenue of $486.29 million during the quarter, compared to the consensus estimate of $425.28 million. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%.PJT Partners’s revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company earned $1.54 EPS. Sell-side analysts forecast that PJT Partners Inc. will post 8 EPS for the current year.

PJT Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. PJT Partners’s dividend payout ratio (DPR) is presently 13.68%.

PJT Partners 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.