PJT Partners Inc (NYSE:PJT) Holdings Lifted by Raymond James & Associates

Raymond James & Associates grew its holdings in shares of PJT Partners Inc (NYSE:PJT) by 3.9% during the first quarter, HoldingsChannel.com reports. The firm owned 49,952 shares of the financial services provider’s stock after purchasing an additional 1,868 shares during the quarter. Raymond James & Associates’ holdings in PJT Partners were worth $2,088,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Ropes Wealth Advisors LLC purchased a new position in shares of PJT Partners in the 1st quarter worth $42,000. Oppenheimer Asset Management Inc. purchased a new position in shares of PJT Partners in the 4th quarter worth $60,000. Parallel Advisors LLC raised its position in shares of PJT Partners by 183,700.0% in the 4th quarter. Parallel Advisors LLC now owns 1,838 shares of the financial services provider’s stock worth $71,000 after buying an additional 1,837 shares during the period. Advisor Group Inc. raised its position in shares of PJT Partners by 49.3% in the 4th quarter. Advisor Group Inc. now owns 2,415 shares of the financial services provider’s stock worth $95,000 after buying an additional 797 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of PJT Partners in the 1st quarter worth $125,000. 63.00% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research raised PJT Partners from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. PJT Partners currently has an average rating of “Hold” and an average price target of $59.50.



In other news, Chairman Paul J. Taubman purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average cost of $40.58 per share, for a total transaction of $202,900.00. Following the completion of the purchase, the chairman now owns 460,000 shares of the company’s stock, valued at $18,666,800. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Shares of NYSE PJT opened at $40.78 on Thursday. PJT Partners Inc has a 12-month low of $35.28 and a 12-month high of $61.18. The firm has a market capitalization of $962.96 million, a P/E ratio of 21.35, a P/E/G ratio of 0.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.13 and a quick ratio of 5.13.

PJT Partners (NYSE:PJT) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.04). The business had revenue of $128.06 million for the quarter. PJT Partners had a net margin of 4.01% and a return on equity of 15.66%. On average, analysts forecast that PJT Partners Inc will post 2.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 5th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, June 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.49%. PJT Partners’s dividend payout ratio is presently 10.47%.

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PJT Partners Profile

PJT Partners Inc, an investment bank, provides various strategic advisory, shareholder engagement, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.

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Institutional Ownership by Quarter for PJT Partners (NYSE:PJT)

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