Cibc World Markets Corp Takes $344,000 Position in PJT Partners Inc. (NYSE:PJT)

Cibc World Markets Corp bought a new position in PJT Partners Inc. (NYSE:PJT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,180 shares of the financial services provider's stock, valued at approximately $344,000.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP grew its position in PJT Partners by 186.3% during the third quarter. Quarry LP now owns 209 shares of the financial services provider's stock valued at $28,000 after buying an additional 136 shares during the period. Principal Securities Inc. increased its stake in shares of PJT Partners by 385.4% in the 4th quarter. Principal Securities Inc. now owns 199 shares of the financial services provider's stock worth $31,000 after purchasing an additional 158 shares in the last quarter. GAMMA Investing LLC lifted its position in PJT Partners by 32.3% during the fourth quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 109 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in PJT Partners by 51.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider's stock valued at $82,000 after purchasing an additional 176 shares during the period. Finally, KBC Group NV grew its holdings in PJT Partners by 25.4% during the fourth quarter. KBC Group NV now owns 1,007 shares of the financial services provider's stock valued at $159,000 after purchasing an additional 204 shares during the period. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

PJT Partners Trading Down 2.9 %

PJT traded down $4.02 during trading hours on Friday, hitting $135.91. The company's stock had a trading volume of 192,482 shares, compared to its average volume of 235,702. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 27.74 and a beta of 0.68. The business's 50-day moving average price is $158.62 and its 200-day moving average price is $152.54. PJT Partners Inc. has a 12 month low of $90.95 and a 12 month high of $190.28.

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

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Wednesday, March 5th. PJT Partners's payout ratio is 20.41%.

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.