Alliance Wealth Advisors LLC UT Purchases New Holdings in PJT Partners Inc. (NYSE:PJT)

Alliance Wealth Advisors LLC UT acquired a new stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,757 shares of the financial services provider's stock, valued at approximately $435,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its position in PJT Partners by 2.2% during the 3rd quarter. Captrust Financial Advisors now owns 3,149 shares of the financial services provider's stock worth $420,000 after purchasing an additional 67 shares during the period. M&T Bank Corp lifted its holdings in PJT Partners by 3.5% in the 3rd quarter. M&T Bank Corp now owns 2,220 shares of the financial services provider's stock worth $296,000 after buying an additional 75 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in PJT Partners by 0.9% in the 3rd quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider's stock worth $1,425,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC lifted its holdings in PJT Partners by 32.3% in the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider's stock worth $70,000 after buying an additional 109 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in PJT Partners by 3.3% in the 2nd quarter. AQR Capital Management LLC now owns 4,207 shares of the financial services provider's stock worth $454,000 after buying an additional 136 shares in the last quarter. 89.23% of the stock is owned by hedge funds and other institutional investors.

PJT Partners Trading Down 1.9 %

PJT traded down $3.44 on Friday, hitting $173.54. 208,000 shares of the company's stock were exchanged, compared to its average volume of 243,979. PJT Partners Inc. has a twelve month low of $88.51 and a twelve month high of $190.27. The firm has a market cap of $4.11 billion, a PE ratio of 35.42 and a beta of 0.67. The stock has a fifty day moving average of $161.19 and a two-hundred day moving average of $144.89.

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

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, March 5th. PJT Partners's dividend payout ratio (DPR) is 20.41%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PJT shares. UBS Group upgraded shares of PJT Partners from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $130.00 to $175.00 in a report on Friday, December 6th. Keefe, Bruyette & Woods boosted their price objective on shares of PJT Partners from $152.00 to $177.00 and gave the stock a "market perform" rating in a report on Wednesday. JMP Securities lowered shares of PJT Partners from an "outperform" rating to a "market perform" rating in a research note 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 MarketBeat, PJT Partners currently has a consensus rating of "Hold" and an average target price of $158.50.

Insider Activity

In other news, Director Kenneth C. Whitney sold 1,725 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total value of $275,568.75. Following the completion of the transaction, the director now directly owns 9,100 shares in the company, valued at $1,453,725. This trade represents a 15.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 11.71% of the company's stock.

PJT Partners Company 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.