Alliancebernstein L.P. Boosts Stock Position in PJT Partners Inc. (NYSE:PJT)

Alliancebernstein L.P. lifted its stake in PJT Partners Inc. (NYSE:PJT - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 474,710 shares of the financial services provider's stock after purchasing an additional 42,463 shares during the period. Alliancebernstein L.P. owned 2.00% of PJT Partners worth $74,914,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC grew its holdings in PJT Partners by 2.9% in the fourth quarter. Sanctuary Advisors LLC now owns 2,274 shares of the financial services provider's stock worth $375,000 after purchasing an additional 65 shares during the period. Captrust Financial Advisors lifted its stake in shares of PJT Partners by 2.2% in the third quarter. Captrust Financial Advisors now owns 3,149 shares of the financial services provider's stock worth $420,000 after buying an additional 67 shares in the last quarter. M&T Bank Corp lifted its position 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 valued at $296,000 after acquiring an additional 75 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of 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 buying an additional 109 shares during the last quarter. Finally, Xponance Inc. increased its holdings in PJT Partners by 7.4% in the 4th quarter. Xponance Inc. now owns 1,659 shares of the financial services provider's stock worth $262,000 after buying an additional 115 shares in the last quarter. Institutional investors own 89.23% of the company's stock.

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PJT Partners Price Performance

Shares of NYSE:PJT traded up $4.98 during trading on Tuesday, hitting $130.95. The company had a trading volume of 138,145 shares, compared to its average volume of 291,601. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 26.72 and a beta of 0.77. The company has a fifty day simple moving average of $154.71 and a two-hundred day simple moving average of $153.38. PJT Partners Inc. has a one year low of $90.95 and a one year high of $190.27.

PJT Partners (NYSE:PJT - Get Free Report) last released 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 firm had revenue of $477.30 million for the quarter, compared to analysts' expectations of $384.64 million. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The company's quarterly revenue was up 45.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. On average, equities 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 disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Wednesday, March 5th. PJT Partners's dividend payout ratio (DPR) is presently 20.41%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citizens Jmp cut shares of PJT Partners from a "strong-buy" rating to a "hold" rating in a report on Monday, January 13th. Keefe, Bruyette & Woods raised their price objective on shares of PJT Partners from $152.00 to $177.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. Finally, JMP Securities cut shares of PJT Partners from an "outperform" rating to a "market perform" rating in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target 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.