Amundi Has $1.95 Million Position in PJT Partners Inc. (NYSE:PJT)

Amundi lifted its stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 194.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,329 shares of the financial services provider's stock after purchasing an additional 8,140 shares during the quarter. Amundi owned 0.05% of PJT Partners worth $1,953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of PJT Partners by 91.4% in the third quarter. JPMorgan Chase & Co. now owns 72,270 shares of the financial services provider's stock valued at $9,636,000 after buying an additional 34,514 shares during the period. Geode Capital Management LLC increased its position in PJT Partners by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider's stock valued at $82,556,000 after acquiring an additional 45,327 shares during the period. Citigroup Inc. raised its stake in shares of PJT Partners by 101.1% during the third quarter. Citigroup Inc. now owns 30,103 shares of the financial services provider's stock valued at $4,014,000 after acquiring an additional 15,135 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of PJT Partners by 5.9% during the third 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 during the period. Finally, State Street Corp lifted its holdings in shares of PJT Partners by 5.7% during the third quarter. State Street Corp now owns 1,001,911 shares of the financial services provider's stock worth $133,595,000 after purchasing an additional 54,071 shares during the period. 89.23% of the stock is currently owned by institutional investors and hedge funds.

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PJT Partners Stock Up 1.1 %

PJT Partners stock traded up $1.62 during trading hours on Friday, reaching $144.08. 379,410 shares of the company's stock were exchanged, compared to its average volume of 230,267. The firm's 50 day simple moving average is $159.80 and its 200 day simple moving average is $151.63. PJT Partners Inc. has a twelve month low of $88.51 and a twelve month high of $190.28. The firm has a market capitalization of $3.36 billion, a PE ratio of 29.40 and a beta of 0.68.

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, topping the consensus estimate 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 return on equity of 24.03% and a net margin of 9.00%. The firm's revenue was up 45.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. Analysts anticipate 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 was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.69%. PJT Partners's dividend payout ratio is presently 20.41%.

Analysts Set New Price Targets

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