AlphaQuest LLC boosted its stake in PJT Partners Inc. (NYSE:PJT - Free Report) by 48.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,219 shares of the financial services provider's stock after purchasing an additional 2,028 shares during the quarter. AlphaQuest LLC's holdings in PJT Partners were worth $981,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the stock. Amalgamated Bank increased its stake in PJT Partners by 3.1% during the third quarter. Amalgamated Bank now owns 7,015 shares of the financial services provider's stock worth $935,000 after acquiring an additional 214 shares during the last quarter. Atria Investments Inc increased its position in PJT Partners by 5.9% during the 3rd quarter. Atria Investments Inc now owns 2,563 shares of the financial services provider's stock worth $342,000 after purchasing an additional 142 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in PJT Partners in the third quarter valued at approximately $262,000. Los Angeles Capital Management LLC acquired a new position in PJT Partners during the third quarter valued at approximately $453,000. Finally, KBC Group NV grew its stake in PJT Partners by 113.0% during the third quarter. KBC Group NV now owns 803 shares of the financial services provider's stock worth $107,000 after buying an additional 426 shares during the period. 89.23% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently commented on PJT shares. Keefe, Bruyette & Woods raised their target price on PJT Partners from $152.00 to $177.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Citizens Jmp cut shares of PJT Partners from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 13th. UBS Group raised shares of PJT Partners from a "sell" rating to a "neutral" rating and raised their price target for the company from $130.00 to $175.00 in a report on Friday, December 6th. Finally, JMP Securities lowered shares of PJT Partners from an "outperform" rating to a "market perform" rating in a report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $158.50.
Read Our Latest Stock Report on PJT Partners
PJT Partners Price Performance
PJT traded down $1.53 during trading on Thursday, hitting $140.12. The company had a trading volume of 396,599 shares, compared to its average volume of 229,184. The company has a market cap of $3.26 billion, a PE ratio of 28.60 and a beta of 0.68. PJT Partners Inc. has a 1-year low of $88.51 and a 1-year high of $190.28. The business has a 50-day moving average of $161.39 and a 200-day moving average of $151.03.
PJT Partners (NYSE:PJT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.71. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The business had revenue of $477.30 million during the quarter, compared to the consensus estimate of $384.64 million. During the same period last year, the firm earned $0.96 earnings per share. The company's revenue for the quarter was up 45.3% compared to the same quarter last year. Research analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current year.
PJT Partners Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, March 5th. PJT Partners's dividend payout ratio is currently 20.41%.
PJT Partners Company Profile
(
Free Report)
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.
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