Vise Technologies Inc. Takes Position in PJT Partners Inc. $PJT

Vise Technologies Inc. acquired a new position in PJT Partners Inc. (NYSE:PJT) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,989 shares of the financial services provider’s stock, valued at approximately $493,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in PJT Partners during the 1st quarter valued at $45,000. Quarry LP purchased a new position in shares of PJT Partners during the first quarter valued at $45,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings 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 valued at $47,000 after buying an additional 123 shares in the last quarter. Morse Asset Management Inc raised its position in PJT Partners by 1,640.0% during the first quarter. Morse Asset Management Inc now owns 435 shares of the financial services provider’s stock valued at $60,000 after buying an additional 410 shares during the period. Finally, SouthState Corp lifted its stake 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 in the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

PJT Partners Trading Up 0.4%

PJT Partners stock opened at $166.72 on Friday. PJT Partners Inc. has a 1-year low of $119.76 and a 1-year high of $190.27. The firm’s fifty day simple moving average is $176.19 and its 200-day simple moving average is $169.46. The company has a market capitalization of $4.05 billion, a P/E ratio of 25.65 and a beta of 0.79.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.61. PJT Partners had a net margin of 10.75% and a return on equity of 29.66%. The firm had revenue of $447.09 million during the quarter, compared to analysts’ expectations of $386.76 million. On average, equities research analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on PJT shares. BMO Capital Markets assumed coverage on PJT Partners in a research note on Friday, October 3rd. They set an “outperform” rating and a $205.00 target price on the stock. Zacks Research raised shares of PJT Partners from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Keefe, Bruyette & Woods upped their price objective on shares of 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 shares of PJT Partners in a research note on Monday, October 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of PJT Partners in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $185.50.

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.