F M Investments LLC Buys Shares of 22,226 PJT Partners Inc. (NYSE:PJT)

F M Investments LLC bought a new stake in PJT Partners Inc. (NYSE:PJT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 22,226 shares of the financial services provider's stock, valued at approximately $3,507,000. F M Investments LLC owned approximately 0.09% of PJT Partners as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quarry LP grew its position in PJT Partners by 186.3% during the third quarter. Quarry LP now owns 209 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 136 shares in the last quarter. Principal Securities Inc. grew its position in PJT Partners by 385.4% during the fourth quarter. Principal Securities Inc. now owns 199 shares of the financial services provider's stock worth $31,000 after buying an additional 158 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in PJT Partners by 112.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 146 shares during the period. GAMMA Investing LLC lifted its position in shares of PJT Partners by 32.3% during the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider's stock worth $70,000 after buying an additional 109 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in PJT Partners by 51.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider's stock valued at $82,000 after purchasing an additional 176 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

Remove Ads

PJT Partners Trading Down 1.2 %

PJT traded down $1.54 on Wednesday, reaching $130.69. The stock had a trading volume of 53,786 shares, compared to its average volume of 243,395. PJT Partners Inc. has a 12-month low of $90.95 and a 12-month high of $190.28. The business's 50-day moving average price is $148.59 and its two-hundred day moving average price is $152.89. The company has a market cap of $3.04 billion, a P/E ratio of 26.67 and a beta of 0.77.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.71. The firm had revenue of $477.30 million during 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%. PJT Partners's revenue was up 45.3% compared to the same quarter last year. During the same period last year, the business posted $0.96 earnings per share. As a group, analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.77%. PJT Partners's dividend payout ratio is currently 20.41%.

Analysts Set New Price Targets

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