EFG Asset Management North America Corp. Purchases New Shares in PJT Partners Inc. $PJT

EFG Asset Management North America Corp. acquired a new position in shares of PJT Partners Inc. (NYSE:PJT) during the 3rd quarter, Holdings Channel reports. The firm acquired 7,059 shares of the financial services provider’s stock, valued at approximately $1,256,000.

A number of other institutional investors also recently modified their holdings of PJT. CWM LLC grew its stake in shares of PJT Partners by 50.8% in the third quarter. CWM LLC now owns 181 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 61 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in shares of PJT Partners during the 3rd quarter worth approximately $41,000. Mitsubishi UFJ Asset Management Co. Ltd. increased 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 worth $47,000 after purchasing an additional 123 shares during the period. State of Wyoming acquired a new stake in shares of PJT Partners in the second quarter valued at approximately $63,000. Finally, GAMMA Investing LLC boosted its stake in shares of PJT Partners by 21.1% in the third quarter. GAMMA Investing LLC now owns 596 shares of the financial services provider’s stock valued at $106,000 after buying an additional 104 shares during the period. Institutional investors own 89.23% of the company’s stock.

Analyst Ratings Changes

PJT has been the topic of a number of recent research reports. UBS Group assumed coverage on PJT Partners in a research note on Thursday, December 11th. They set a “neutral” rating and a $180.00 price objective on the stock. Zacks Research cut PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. BMO Capital Markets assumed coverage on shares of PJT Partners in a research report on Friday, October 3rd. They set an “outperform” rating and a $205.00 price objective for the company. Evercore ISI set a $180.00 target price on shares of PJT Partners in a report on Monday, October 13th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of PJT Partners from $186.00 to $188.00 and gave the company a “market perform” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, PJT Partners currently has a consensus rating of “Hold” and a consensus target price of $180.60.

PJT Partners Stock Down 1.3%

NYSE:PJT opened at $176.47 on Wednesday. PJT Partners Inc. has a twelve month low of $119.76 and a twelve month high of $195.62. The stock’s 50-day simple moving average is $174.14 and its 200 day simple moving average is $176.43. The firm has a market capitalization of $4.29 billion, a PE ratio of 27.15 and a beta of 0.84.

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

PJT Partners Company 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.