Arkadios Wealth Advisors Increases Holdings in PJT Partners Inc. $PJT

Arkadios Wealth Advisors boosted its position in PJT Partners Inc. (NYSE:PJT) by 366.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,598 shares of the financial services provider’s stock after purchasing an additional 15,398 shares during the period. Arkadios Wealth Advisors’ holdings in PJT Partners were worth $3,483,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PJT. CWM LLC boosted its position in PJT Partners by 50.8% during the third quarter. CWM LLC now owns 181 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 61 shares in the last quarter. M&T Bank Corp boosted its position in shares of PJT Partners by 3.3% in the 2nd quarter. M&T Bank Corp now owns 2,302 shares of the financial services provider’s stock worth $380,000 after buying an additional 74 shares in the last quarter. F m Investments LLC grew its stake in PJT Partners by 0.3% in the 2nd quarter. F m Investments LLC now owns 26,851 shares of the financial services provider’s stock valued at $4,431,000 after acquiring an additional 80 shares during the last quarter. Huntington National Bank grew its stake in PJT Partners by 13.8% in the 2nd quarter. Huntington National Bank now owns 710 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 86 shares during the last quarter. Finally, Intrust Bank NA increased its holdings in PJT Partners by 2.7% during the 2nd quarter. Intrust Bank NA now owns 3,451 shares of the financial services provider’s stock valued at $569,000 after acquiring an additional 91 shares in the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Stock Performance

Shares of PJT opened at $191.31 on Thursday. PJT Partners Inc. has a fifty-two week low of $119.76 and a fifty-two week high of $194.53. The company has a market capitalization of $4.65 billion, a PE ratio of 29.43 and a beta of 0.84. The stock has a fifty day moving average of $172.64 and a two-hundred day moving average of $176.20.

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

PJT Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were issued a $0.25 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $1.00 annualized dividend and a yield of 0.5%. PJT Partners’s payout ratio is 15.38%.

Analyst Ratings Changes

Several analysts have issued reports on PJT shares. Wall Street Zen raised shares of PJT Partners from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of PJT Partners in a research report on Wednesday, October 8th. Evercore ISI set a $180.00 target price on PJT Partners in a research note on Monday, October 13th. Wolfe Research reissued an “underperform” rating and set a $150.00 price target on shares of PJT Partners in a research report on Wednesday, January 7th. Finally, BMO Capital Markets assumed coverage on PJT Partners in a report on Friday, October 3rd. They issued an “outperform” rating and a $205.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $180.60.

About PJT Partners

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.