225,404 Shares in PJT Partners Inc. $PJT Purchased by Azora Capital LP

Azora Capital LP acquired a new stake in PJT Partners Inc. (NYSE:PJT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 225,404 shares of the financial services provider’s stock, valued at approximately $40,061,000. PJT Partners comprises approximately 1.9% of Azora Capital LP’s holdings, making the stock its 22nd biggest position. Azora Capital LP owned approximately 0.93% of PJT Partners at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. CWM LLC lifted its holdings in PJT Partners by 50.8% during the 3rd 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. M&T Bank Corp increased its holdings in shares of PJT Partners by 3.3% in the 2nd quarter. M&T Bank Corp now owns 2,302 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 74 shares during the last quarter. F m Investments LLC raised its position in shares of PJT Partners by 0.3% during the 2nd quarter. F m Investments LLC now owns 26,851 shares of the financial services provider’s stock valued at $4,431,000 after acquiring an additional 80 shares in the last quarter. Linden Thomas Advisory Services LLC raised its position in shares of 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 valued at $453,000 after acquiring an additional 81 shares in the last quarter. Finally, Intrust Bank NA lifted its stake in PJT Partners by 2.7% during the second quarter. Intrust Bank NA now owns 3,451 shares of the financial services provider’s stock worth $569,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 89.23% of the company’s stock.

PJT Partners Price Performance

Shares of PJT opened at $129.08 on Friday. PJT Partners Inc. has a 12 month low of $119.76 and a 12 month high of $195.62. The stock has a fifty day moving average price of $163.32 and a 200 day moving average price of $170.12. The company has a market cap of $3.14 billion, a P/E ratio of 19.44 and a beta of 0.85.

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

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors 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 annualized dividend and a yield of 0.8%. PJT Partners’s dividend payout ratio (DPR) is currently 15.06%.

Wall Street Analyst Weigh In

A number of research firms have commented on PJT. Wolfe Research reaffirmed an “underperform” rating and issued a $150.00 price objective 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. The Goldman Sachs Group decreased their price target on shares of PJT Partners from $197.00 to $174.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. UBS Group lowered 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 report on Thursday. 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 equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, PJT Partners has an average rating of “Hold” and a consensus price target of $174.67.

PJT Partners Company 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.