F m Investments LLC Raises Stock Position in PJT Partners Inc. $PJT

F m Investments LLC increased its position in shares of PJT Partners Inc. (NYSE:PJT) by 19.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,043 shares of the financial services provider’s stock after acquiring an additional 5,192 shares during the quarter. F m Investments LLC’s holdings in PJT Partners were worth $5,695,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PJT. CWM LLC raised its holdings in shares of PJT Partners by 50.8% in the third quarter. CWM LLC now owns 181 shares of the financial services provider’s stock worth $32,000 after buying an additional 61 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of PJT Partners during the third quarter valued at $33,000. Salomon & Ludwin LLC acquired a new position in shares of PJT Partners in the 3rd quarter valued at $41,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in PJT Partners by 75.9% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 285 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 123 shares during the last quarter. Finally, State of Wyoming purchased a new position in PJT Partners in the 2nd quarter worth $63,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Trading Up 0.0%

Shares of PJT stock opened at $129.08 on Friday. PJT Partners Inc. has a twelve month low of $119.76 and a twelve month high of $195.62. The stock has a market cap of $3.14 billion, a P/E ratio of 19.44 and a beta of 0.85. The stock has a 50 day moving average of $163.32 and a 200 day moving average of $170.21.

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

PJT Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be given a $0.25 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. PJT Partners’s dividend payout ratio is 15.06%.

Wall Street Analyst Weigh In

PJT has been the subject of a number of research reports. Wolfe Research reaffirmed an “underperform” rating and set a $150.00 target price on shares of PJT Partners in a report on Wednesday, January 7th. Keefe, Bruyette & Woods raised their price target on shares of PJT Partners from $186.00 to $188.00 and gave the stock a “market perform” rating in a research report on Thursday, January 8th. UBS Group decreased their price objective on shares of PJT Partners from $180.00 to $151.00 and set a “neutral” rating for the company in a research note on Thursday. The Goldman Sachs Group dropped their price objective on shares of PJT Partners from $197.00 to $174.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Finally, Zacks Research lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $174.67.

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.