PJT Partners Inc. (NYSE:PJT) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in PJT Partners Inc. (NYSE:PJTGet Rating) by 6.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,156 shares of the financial services provider’s stock after purchasing an additional 1,634 shares during the quarter. Envestnet Asset Management Inc.’s holdings in PJT Partners were worth $1,838,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Clearbridge Investments LLC raised its holdings in PJT Partners by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 989,074 shares of the financial services provider’s stock worth $62,430,000 after purchasing an additional 3,407 shares during the period. Goldman Sachs Group Inc. raised its holdings in PJT Partners by 12.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 493,636 shares of the financial services provider’s stock worth $31,158,000 after purchasing an additional 55,533 shares during the period. Grandeur Peak Global Advisors LLC raised its holdings in PJT Partners by 36.3% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 442,518 shares of the financial services provider’s stock worth $27,932,000 after purchasing an additional 117,874 shares during the period. Klingman & Associates LLC raised its holdings in shares of PJT Partners by 4.8% during the first quarter. Klingman & Associates LLC now owns 413,439 shares of the financial services provider’s stock valued at $26,096,000 after acquiring an additional 18,863 shares during the last quarter. Finally, Redwood Investments LLC raised its holdings in shares of PJT Partners by 15.7% during the second quarter. Redwood Investments LLC now owns 363,831 shares of the financial services provider’s stock valued at $25,570,000 after acquiring an additional 49,360 shares during the last quarter. Institutional investors and hedge funds own 69.12% of the company’s stock.

Analyst Ratings Changes

PJT has been the subject of a number of research analyst reports. StockNews.com cut PJT Partners from a “buy” rating to a “hold” rating in a report on Wednesday, October 26th. Piper Sandler increased their target price on PJT Partners to $86.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, PJT Partners presently has a consensus rating of “Moderate Buy” and an average target price of $83.20.

PJT Partners Price Performance

PJT stock opened at $76.64 on Friday. The business has a 50 day simple moving average of $71.86 and a 200-day simple moving average of $71.54. The firm has a market capitalization of $1.87 billion, a PE ratio of 19.75 and a beta of 0.77. PJT Partners Inc. has a 1 year low of $54.48 and a 1 year high of $82.77.

PJT Partners (NYSE:PJTGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The business had revenue of $266.09 million during the quarter, compared to analyst estimates of $235.00 million. PJT Partners had a return on equity of 27.17% and a net margin of 9.53%. On average, equities research analysts expect that PJT Partners Inc. will post 4.2 EPS for the current year.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 7th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. PJT Partners’s dividend payout ratio (DPR) is presently 25.77%.

PJT Partners Company Profile

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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.

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Institutional Ownership by Quarter for PJT Partners (NYSE:PJT)

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