Calamos Wealth Management LLC Makes New Investment in PJT Partners Inc. $PJT

Calamos Wealth Management LLC acquired a new stake in PJT Partners Inc. (NYSE:PJT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,220 shares of the financial services provider’s stock, valued at approximately $450,000.

A number of other hedge funds also recently made changes to their positions in the business. Allworth Financial LP raised its stake in PJT Partners by 85.8% in the 4th quarter. Allworth Financial LP now owns 288 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 133 shares during the period. State of Wyoming bought a new position in PJT Partners during the second quarter worth $63,000. Kestra Advisory Services LLC acquired a new position in shares of PJT Partners in the fourth quarter valued at $65,000. Exchange Traded Concepts LLC acquired a new position in shares of PJT Partners in the fourth quarter valued at $86,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of PJT Partners by 2,338.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 512 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 491 shares during the period. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Stock Performance

NYSE:PJT opened at $165.26 on Wednesday. PJT Partners Inc. has a 52 week low of $127.73 and a 52 week high of $195.62. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 24.09 and a beta of 0.85. The firm’s 50-day simple moving average is $156.38 and its 200 day simple moving average is $156.93.

PJT Partners (NYSE:PJT) last issued 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 previous year, the company earned $1.05 EPS. The business’s revenue was up 28.9% on a year-over-year basis. Sell-side analysts anticipate that PJT Partners Inc. will post 7.5 EPS for the current year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, June 3rd. PJT Partners’s payout ratio is presently 14.58%.

Insider Activity at PJT Partners

In other PJT Partners news, General Counsel David Adam Travin sold 3,000 shares of PJT Partners stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $152.43, for a total value of $457,290.00. Following the completion of the transaction, the general counsel directly owned 2,052 shares of the company’s stock, valued at $312,786.36. The trade was a 59.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Helen T. Meates sold 8,000 shares of PJT Partners 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 10.98% of the company’s stock.

Analyst Ratings Changes

PJT has been the subject of a number of research reports. UBS Group raised their target price on shares of PJT Partners from $160.00 to $162.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Keefe, Bruyette & Woods upped their price target on shares of PJT Partners from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Zacks Research raised shares of PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. The Goldman Sachs Group upgraded shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 price objective for the company in a research report on Wednesday, April 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PJT Partners in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, PJT Partners has a consensus rating of “Hold” and a consensus price target of $175.33.

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.