Calamos Advisors LLC Takes Position in PJT Partners Inc. $PJT

Calamos Advisors LLC bought a new position in shares of PJT Partners Inc. (NYSE:PJT) in the first quarter, HoldingsChannel reports. The firm bought 3,220 shares of the financial services provider’s stock, valued at approximately $450,000.

Several other institutional investors have also added to or reduced their stakes in PJT. Allworth Financial LP boosted its position in shares of PJT Partners by 85.8% during the fourth quarter. Allworth Financial LP now owns 288 shares of the financial services provider’s stock worth $48,000 after buying an additional 133 shares during the period. State of Wyoming bought a new stake in shares of PJT Partners in the second quarter worth $63,000. Kestra Advisory Services LLC bought a new position in PJT Partners in the fourth quarter valued at $65,000. Exchange Traded Concepts LLC acquired a new stake in PJT Partners in the 4th quarter valued at $86,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in PJT Partners by 2,338.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 512 shares of the financial services provider’s stock valued at $86,000 after buying an additional 491 shares during the last quarter. 89.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PJT shares. Keefe, Bruyette & Woods lifted their target price on PJT Partners from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Zacks Research upgraded PJT Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. The Goldman Sachs Group raised shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 target price for the company in a research note on Wednesday, April 1st. UBS Group boosted their target price on shares of PJT Partners from $160.00 to $162.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PJT Partners in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $175.33.

PJT Partners Price Performance

PJT Partners stock opened at $166.33 on Friday. The firm has a market cap of $4.30 billion, a PE ratio of 24.25 and a beta of 0.85. The stock’s fifty day moving average price is $157.24 and its two-hundred day moving average price is $156.94. PJT Partners Inc. has a one year low of $127.73 and a one year high of $195.62.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.03. PJT Partners had a net margin of 10.32% and a return on equity of 32.00%. The business had revenue of $418.20 million during the quarter, compared to analysts’ expectations of $409.38 million. During the same quarter in the prior year, the business posted $1.05 earnings per share. PJT Partners’s revenue was up 28.9% compared to the same quarter last year. Sell-side analysts expect that PJT Partners Inc. will post 7.5 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid 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 was Wednesday, June 3rd. PJT Partners’s dividend payout ratio (DPR) is 14.58%.

Insider Activity at PJT Partners

In other news, General Counsel David Adam Travin sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $152.43, for a total transaction of $457,290.00. Following the completion of the transaction, the general counsel owned 2,052 shares of the company’s stock, valued at approximately $312,786.36. The trade was a 59.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Helen T. Meates sold 8,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $153.19, for a total value of $1,225,520.00. Following the completion of the sale, the chief financial officer directly owned 58,466 shares in the company, valued at $8,956,406.54. This trade represents a 12.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 10.98% of the stock is owned by insiders.

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.