Calamos Advisors LLC Invests $450,000 in PJT Partners Inc. $PJT

Calamos Advisors LLC acquired a new stake in shares of PJT Partners Inc. (NYSE:PJT) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,220 shares of the financial services provider’s stock, valued at approximately $450,000.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of PJT Partners by 15.1% during the first quarter. Principal Financial Group Inc. now owns 188,774 shares of the financial services provider’s stock worth $26,376,000 after acquiring an additional 24,735 shares in the last quarter. Procyon Advisors LLC acquired a new position in PJT Partners in the 1st quarter worth about $206,000. Diversify Wealth Management LLC raised its stake in shares of PJT Partners by 38.9% during the 1st quarter. Diversify Wealth Management LLC now owns 14,565 shares of the financial services provider’s stock worth $2,215,000 after purchasing an additional 4,082 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of PJT Partners by 25,948.0% during the 1st quarter. Fifth Third Bancorp now owns 13,024 shares of the financial services provider’s stock valued at $1,820,000 after buying an additional 12,974 shares during the last quarter. Finally, Strs Ohio lifted its holdings in shares of PJT Partners by 113.5% during the 1st quarter. Strs Ohio now owns 7,900 shares of the financial services provider’s stock valued at $1,104,000 after buying an additional 4,200 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

Insider Buying and Selling

In related news, CFO Helen T. Meates sold 8,000 shares of the business’s stock in a transaction that occurred 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 owned 58,466 shares in the company, valued at $8,956,406.54. The trade was a 12.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel David Adam Travin sold 3,000 shares of the business’s 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 sale, the general counsel owned 2,052 shares of the company’s stock, valued at approximately $312,786.36. The trade was a 59.38% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 10.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PJT shares. Zacks Research raised PJT Partners from a “strong sell” rating to a “hold” rating in a research 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 note on Wednesday, April 1st. UBS Group increased their price target on shares of PJT Partners from $160.00 to $162.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PJT Partners in a report on Friday, May 29th. Finally, Keefe, Bruyette & Woods upped their price objective on PJT Partners from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $175.33.

PJT Partners Stock Performance

Shares of PJT opened at $166.33 on Friday. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 24.25 and a beta of 0.85. The stock has a fifty day moving average price of $157.24 and a two-hundred day moving average price of $156.94. PJT Partners Inc. has a 52-week low of $127.73 and a 52-week high of $195.62.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.03. PJT Partners had a return on equity of 32.00% and a net margin of 10.32%.The company had revenue of $418.20 million during the quarter, compared to analyst estimates of $409.38 million. During the same period last year, the company posted $1.05 earnings per share. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. As a group, research analysts predict that PJT Partners Inc. will post 7.5 EPS for the current fiscal year.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. PJT Partners’s dividend payout ratio (DPR) is currently 14.58%.

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.