PJT Partners Inc. (NYSE:PJT) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 658.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,406 shares of the financial services provider's stock after buying an additional 157,483 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.77% of PJT Partners worth $28,628,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of PJT Partners by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 2,515,600 shares of the financial services provider's stock valued at $396,987,000 after acquiring an additional 127,060 shares in the last quarter. State Street Corp raised its position in PJT Partners by 5.7% during the 3rd quarter. State Street Corp now owns 1,001,911 shares of the financial services provider's stock valued at $133,595,000 after purchasing an additional 54,071 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of PJT Partners by 7.9% in the third 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 in the last quarter. Raymond James Financial Inc. bought a new stake in shares of PJT Partners in the 4th quarter valued at about $89,192,000. Finally, FMR LLC lifted its position in shares of PJT Partners by 10.9% in the 3rd quarter. FMR LLC now owns 417,271 shares of the financial services provider's stock worth $55,639,000 after purchasing an additional 41,007 shares during the period. 89.23% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of 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 downgraded PJT Partners from a "strong-buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, JMP Securities cut 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, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $158.50.

PJT Partners Stock Down 0.4 %

Shares of PJT Partners stock traded down $0.53 during trading on Monday, reaching $125.75. The company's stock had a trading volume of 571,807 shares, compared to its average volume of 238,320. The company has a 50-day simple moving average of $154.71 and a two-hundred day simple moving average of $153.38. PJT Partners Inc. has a 1-year low of $90.95 and a 1-year high of $190.28. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 25.66 and a beta of 0.77.

PJT Partners (NYSE:PJT - Get Free Report) last issued its quarterly 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 business had revenue of $477.30 million for the quarter, compared to analyst estimates of $384.64 million. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The company's revenue was up 45.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 earnings per share. As a group, 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 declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.25 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.80%. PJT Partners's dividend payout ratio is currently 20.41%.

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.