Portside Wealth Group LLC Has $972,000 Holdings in PJT Partners Inc. $PJT

Portside Wealth Group LLC grew its position in shares of PJT Partners Inc. (NYSE:PJT) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,893 shares of the financial services provider’s stock after purchasing an additional 381 shares during the quarter. Portside Wealth Group LLC’s holdings in PJT Partners were worth $972,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC acquired a new stake in shares of PJT Partners during the first quarter worth $12,587,000. Millennium Management LLC boosted its position in PJT Partners by 1,394.5% during the first quarter. Millennium Management LLC now owns 52,563 shares of the financial services provider’s stock valued at $7,247,000 after acquiring an additional 49,046 shares during the last quarter. Trexquant Investment LP boosted its position in PJT Partners by 188.2% during the first quarter. Trexquant Investment LP now owns 51,966 shares of the financial services provider’s stock valued at $7,165,000 after acquiring an additional 33,934 shares during the last quarter. Walleye Capital LLC acquired a new stake in PJT Partners during the 1st quarter worth about $3,948,000. Finally, Hsbc Holdings PLC raised its position in shares of PJT Partners by 189.5% in the 1st quarter. Hsbc Holdings PLC now owns 43,440 shares of the financial services provider’s stock worth $5,905,000 after acquiring an additional 28,436 shares in the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PJT shares. Wall Street Zen upgraded PJT Partners from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Keefe, Bruyette & Woods boosted their price target 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. Weiss Ratings restated a “hold (c+)” rating on shares of PJT Partners in a report on Wednesday, October 8th. Zacks Research raised shares of PJT Partners from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Evercore ISI set a $180.00 price objective on shares of PJT Partners in a research note on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned 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 target price of $185.50.

PJT Partners Stock Performance

Shares of PJT Partners stock opened at $162.13 on Wednesday. PJT Partners Inc. has a 52 week low of $119.76 and a 52 week high of $190.27. The stock has a 50 day moving average price of $175.41 and a two-hundred day moving average price of $169.92. The stock has a market capitalization of $3.94 billion, a PE ratio of 24.94 and a beta of 0.79.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share 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 analyst estimates of $386.76 million. Research analysts forecast that PJT Partners Inc. will post 6.2 EPS 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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. PJT Partners’s dividend payout ratio (DPR) is 15.38%.

PJT Partners Company Profile

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.