TimesSquare Capital Management LLC Raises Stock Position in PJT Partners Inc. $PJT

TimesSquare Capital Management LLC lifted its position in PJT Partners Inc. (NYSE:PJT) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 142,496 shares of the financial services provider’s stock after buying an additional 10,570 shares during the period. TimesSquare Capital Management LLC’s holdings in PJT Partners were worth $23,825,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC grew its position in shares of PJT Partners by 50.8% in the 3rd quarter. CWM LLC now owns 181 shares of the financial services provider’s stock worth $32,000 after buying an additional 61 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of PJT Partners in the 3rd quarter worth approximately $33,000. Allworth Financial LP grew its position in shares of PJT Partners by 85.8% in the 4th 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 last quarter. State of Wyoming purchased a new position in shares of PJT Partners in the 2nd quarter worth approximately $63,000. Finally, Quadrant Capital Group LLC purchased a new position in shares of PJT Partners in the 3rd quarter worth approximately $90,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wall Street Zen downgraded shares of PJT Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a research report on Thursday, January 22nd. Zacks Research downgraded shares of PJT Partners from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. UBS Group boosted their target price on shares of PJT Partners from $152.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group raised shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $173.33.

PJT Partners Trading Down 2.0%

NYSE:PJT opened at $153.79 on Wednesday. The company has a market cap of $3.97 billion, a PE ratio of 22.42 and a beta of 0.86. PJT Partners Inc. has a twelve month low of $127.73 and a twelve month high of $195.62. The company’s 50 day moving average is $146.69 and its two-hundred day moving average is $160.16.

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

PJT Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, June 3rd. PJT Partners’s dividend payout ratio is 14.58%.

Insider Buying and Selling at PJT Partners

In other news, CFO Helen T. Meates sold 8,000 shares of the company’s stock in a transaction on 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 sale, the chief financial officer directly owned 58,466 shares of the company’s stock, valued at $8,956,406.54. This represents a 12.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel David Adam Travin sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $152.43, for a total transaction of $457,290.00. Following the completion of the sale, the general counsel directly owned 2,052 shares in the company, valued at $312,786.36. This trade represents a 59.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 10.98% of the stock is owned by corporate 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.