Mutual of America Capital Management LLC Grows Stock Holdings in PJT Partners Inc. $PJT

Mutual of America Capital Management LLC increased its position in shares of PJT Partners Inc. (NYSE:PJT) by 19.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,321 shares of the financial services provider’s stock after buying an additional 12,537 shares during the period. Mutual of America Capital Management LLC owned about 0.32% of PJT Partners worth $13,920,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. CWM LLC raised its holdings in shares of PJT Partners by 50.8% in the 3rd quarter. CWM LLC now owns 181 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 61 shares in the last quarter. M&T Bank Corp lifted its holdings in PJT Partners by 3.3% during the second quarter. M&T Bank Corp now owns 2,302 shares of the financial services provider’s stock worth $380,000 after buying an additional 74 shares during the period. F m Investments LLC lifted its stake 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 worth $4,431,000 after purchasing an additional 80 shares during the last quarter. Huntington National Bank lifted its stake in shares of PJT Partners by 13.8% during the 2nd quarter. Huntington National Bank now owns 710 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 86 shares during the last quarter. Finally, Intrust Bank NA boosted its position 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 valued at $569,000 after purchasing an additional 91 shares in the last quarter. 89.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of PJT Partners from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Wolfe Research reissued an “underperform” rating and set a $150.00 target price on shares of PJT Partners in a research report on Wednesday, January 7th. BMO Capital Markets assumed coverage on shares of PJT Partners in a research note on Friday, October 3rd. They issued an “outperform” rating and a $205.00 target price for the company. Zacks Research lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, UBS Group started coverage on PJT Partners in a report on Thursday, December 11th. They set a “neutral” rating and a $180.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $180.60.

PJT Partners Price Performance

Shares of PJT opened at $181.75 on Monday. The company’s fifty day moving average price is $173.45 and its 200-day moving average price is $176.42. PJT Partners Inc. has a 1-year low of $119.76 and a 1-year high of $195.62. The firm has a market capitalization of $4.42 billion, a PE ratio of 27.96 and a beta of 0.84.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.61. PJT Partners had a return on equity of 29.66% and a net margin of 10.75%.The business had revenue of $447.09 million for the quarter, compared to the consensus estimate of $386.76 million. As a group, research analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

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.