Independent Solutions Wealth Management LLC Purchases Shares of 15,876 PJT Partners Inc. (NYSE:PJT)

Independent Solutions Wealth Management LLC purchased a new position in PJT Partners Inc. (NYSE:PJT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,876 shares of the financial services provider's stock, valued at approximately $2,505,000. Independent Solutions Wealth Management LLC owned approximately 0.07% of PJT Partners at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PJT. Teacher Retirement System of Texas lifted its position in PJT Partners by 274.0% in the 4th quarter. Teacher Retirement System of Texas now owns 29,602 shares of the financial services provider's stock valued at $4,671,000 after acquiring an additional 21,688 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of PJT Partners in the fourth quarter worth $247,000. Xponance Inc. lifted its holdings in shares of PJT Partners by 7.4% during the fourth quarter. Xponance Inc. now owns 1,659 shares of the financial services provider's stock valued at $262,000 after purchasing an additional 115 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of PJT Partners during the fourth quarter valued at $344,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of PJT Partners during the fourth quarter valued at $239,000. 89.23% of the stock is owned by hedge funds and other institutional investors.

PJT Partners Price Performance

Shares of NYSE:PJT traded down $1.48 during trading on Tuesday, hitting $147.33. The company's stock had a trading volume of 246,591 shares, compared to its average volume of 228,843. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 30.07 and a beta of 0.68. The company has a 50-day moving average of $159.51 and a 200-day moving average of $152.46. PJT Partners Inc. has a 12 month low of $88.51 and a 12 month high of $190.28.

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PJT Partners (NYSE:PJT - Get Free Report) last announced its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.71. The business had revenue of $477.30 million during the quarter, compared to analysts' expectations of $384.64 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The firm's revenue was up 45.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 earnings per share. As a group, research analysts anticipate that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.25 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.68%. PJT Partners's dividend payout ratio is currently 20.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PJT shares. Keefe, Bruyette & Woods boosted their target price on PJT Partners from $152.00 to $177.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. UBS Group raised shares of PJT Partners from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $130.00 to $175.00 in a report on Friday, December 6th. JMP Securities cut shares of PJT Partners from an "outperform" rating to a "market perform" rating in a report on Monday, January 13th. Finally, Citizens Jmp lowered shares of PJT Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $158.50.

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.