Charles Schwab Investment Management Inc. Has $40.28 Million Holdings in PJT Partners Inc. (NYSE:PJT)

Charles Schwab Investment Management Inc. raised its stake in PJT Partners Inc. (NYSE:PJT - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255,263 shares of the financial services provider's stock after purchasing an additional 3,173 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.08% of PJT Partners worth $40,283,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PJT. Quarry LP grew its stake in shares of PJT Partners by 186.3% in the third quarter. Quarry LP now owns 209 shares of the financial services provider's stock valued at $28,000 after buying an additional 136 shares in the last quarter. Principal Securities Inc. lifted its stake in PJT Partners by 385.4% in the fourth quarter. Principal Securities Inc. now owns 199 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 158 shares during the last quarter. GAMMA Investing LLC grew its position in shares of PJT Partners by 32.3% in the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 109 shares during the period. KBC Group NV increased its stake in shares of PJT Partners by 113.0% during the 3rd quarter. KBC Group NV now owns 803 shares of the financial services provider's stock worth $107,000 after purchasing an additional 426 shares during the last quarter. Finally, Seneca House Advisors bought a new stake in shares of PJT Partners in the 4th quarter valued at about $202,000. Institutional investors and hedge funds own 89.23% of the company's stock.

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PJT Partners Stock Performance

Shares of NYSE PJT traded up $3.02 during trading hours on Wednesday, reaching $143.46. 83,264 shares of the stock were exchanged, compared to its average volume of 294,780. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 29.28 and a beta of 0.68. The stock's fifty day simple moving average is $160.43 and its 200 day simple moving average is $151.76. PJT Partners Inc. has a 52 week low of $88.51 and a 52 week high of $190.27.

PJT Partners (NYSE:PJT - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, beating 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 business had revenue of $477.30 million for the quarter, compared to the consensus estimate of $384.64 million. PJT Partners's revenue was up 45.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 earnings per share. Research analysts predict that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Wednesday, March 5th. PJT Partners's dividend payout ratio (DPR) is currently 20.41%.

Analysts Set New Price Targets

A number of equities analysts recently commented on PJT shares. UBS Group upgraded PJT Partners from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $130.00 to $175.00 in a report on Friday, December 6th. Citizens Jmp lowered PJT Partners from a "strong-buy" rating to a "hold" rating in a report on Monday, January 13th. Keefe, Bruyette & Woods raised their price target on PJT Partners from $152.00 to $177.00 and gave the company a "market perform" rating in a 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 report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $158.50.

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.