ExodusPoint Capital Management LP Increases Stake in PJT Partners Inc. (NYSE:PJT)

ExodusPoint Capital Management LP increased its holdings in PJT Partners Inc. (NYSE:PJT - Free Report) by 221.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,384 shares of the financial services provider's stock after acquiring an additional 31,936 shares during the quarter. ExodusPoint Capital Management LP owned about 0.20% of PJT Partners worth $7,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of PJT Partners during the 4th quarter valued at about $89,192,000. Arrowstreet Capital Limited Partnership lifted its holdings in PJT Partners by 658.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 181,406 shares of the financial services provider's stock valued at $28,628,000 after purchasing an additional 157,483 shares in the last quarter. Norges Bank purchased a new stake in PJT Partners in the 4th quarter worth $20,269,000. Vanguard Group Inc. boosted its stake in PJT Partners by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 2,515,600 shares of the financial services provider's stock worth $396,987,000 after purchasing an additional 127,060 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of PJT Partners during the 4th quarter valued at about $17,569,000. 89.23% of the stock is owned by hedge funds and other institutional investors.

PJT Partners Price Performance

PJT stock traded down $6.65 during mid-day trading on Thursday, reaching $129.43. 177,838 shares of the company's stock were exchanged, compared to its average volume of 241,197. PJT Partners Inc. has a 12-month low of $90.95 and a 12-month high of $190.28. The stock's 50 day moving average is $152.01 and its 200 day moving average is $152.99. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 26.39 and a beta of 0.77.

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PJT Partners (NYSE:PJT - Get Free Report) last released its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.71. The business had revenue of $477.30 million for the quarter, compared to the consensus estimate of $384.64 million. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The business's quarterly revenue was up 45.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. On average, research analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors 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 annualized dividend and a yield of 0.77%. PJT Partners's dividend payout ratio (DPR) is presently 20.41%.

Analysts Set New Price Targets

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