SeaCrest Wealth Management LLC Lowers Stock Holdings in PJT Partners Inc. (NYSE:PJT)

SeaCrest Wealth Management LLC lessened its position in shares of PJT Partners Inc. (NYSE:PJT) by 9.2% in the first quarter, Holdings Channel.com reports. The fund owned 3,105 shares of the financial services provider’s stock after selling 314 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in PJT Partners were worth $293,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PJT. Quadrature Capital Ltd purchased a new stake in shares of PJT Partners in the third quarter worth about $218,000. Schroder Investment Management Group boosted its position in shares of PJT Partners by 22.1% in the third quarter. Schroder Investment Management Group now owns 371,730 shares of the financial services provider’s stock worth $29,530,000 after buying an additional 67,197 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of PJT Partners in the third quarter worth about $14,387,000. Walleye Capital LLC boosted its position in shares of PJT Partners by 12.3% in the third quarter. Walleye Capital LLC now owns 200,919 shares of the financial services provider’s stock worth $15,961,000 after buying an additional 21,940 shares during the period. Finally, Walleye Trading LLC lifted its stake in shares of PJT Partners by 1.2% in the third quarter. Walleye Trading LLC now owns 11,271 shares of the financial services provider’s stock worth $895,000 after acquiring an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on PJT. JMP Securities reiterated a “market outperform” rating and issued a $110.00 price target on shares of PJT Partners in a research note on Tuesday, April 9th. UBS Group reiterated a “sell” rating and issued a $75.00 price target (down previously from $100.00) on shares of PJT Partners in a research note on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $93.25.

PJT Partners Stock Performance

Shares of NYSE PJT opened at $109.78 on Thursday. The stock has a fifty day moving average price of $103.35 and a two-hundred day moving average price of $99.74. The firm has a market cap of $2.63 billion, a P/E ratio of 30.24 and a beta of 0.62. PJT Partners Inc. has a 1 year low of $67.06 and a 1 year high of $110.71.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.53. PJT Partners had a return on equity of 17.36% and a net margin of 7.57%. The company had revenue of $329.39 million during the quarter, compared to the consensus estimate of $229.32 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The company’s quarterly revenue was up 64.7% compared to the same quarter last year. On average, research analysts predict that PJT Partners Inc. will post 4 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.91%. PJT Partners’s payout ratio is currently 27.55%.

PJT Partners Profile

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.