PJT Partners Inc. $PJT Shares Bought by Walleye Capital LLC

Walleye Capital LLC lifted its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 53.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,917 shares of the financial services provider’s stock after acquiring an additional 15,287 shares during the quarter. Walleye Capital LLC owned about 0.18% of PJT Partners worth $7,247,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of PJT Partners by 75.9% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 285 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 123 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of PJT Partners during the 1st quarter valued at about $45,000. Quarry LP acquired a new position in PJT Partners during the 1st quarter worth approximately $45,000. SouthState Corp boosted its holdings in PJT Partners by 126.7% in the 1st quarter. SouthState Corp now owns 544 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 304 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of PJT Partners by 1,082.8% during the first quarter. Russell Investments Group Ltd. now owns 686 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 628 shares during the period. 89.23% of the stock is currently owned by institutional investors and hedge funds.

PJT Partners Stock Up 3.0%

Shares of PJT Partners stock opened at $175.88 on Friday. The business has a 50-day moving average price of $171.30 and a 200 day moving average price of $171.50. PJT Partners Inc. has a fifty-two week low of $119.76 and a fifty-two week high of $190.27. The firm has a market cap of $4.28 billion, a P/E ratio of 27.06 and a beta of 0.85.

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

PJT Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. PJT Partners’s payout ratio is currently 15.38%.

Analysts Set New Price Targets

PJT has been the subject of several analyst reports. Zacks Research raised shares of PJT Partners from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Keefe, Bruyette & Woods raised their target price on PJT Partners from $180.00 to $182.00 and gave the company a “market perform” rating in a research note on Wednesday, November 5th. Evercore ISI set a $180.00 target price on PJT Partners in a research report on Monday, October 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded PJT Partners from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $189.00.

About PJT Partners

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.