Inceptionr LLC Raises Holdings in PJT Partners Inc. (NYSE:PJT)

Inceptionr LLC boosted its holdings in PJT Partners Inc. (NYSE:PJT - Free Report) by 222.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,192 shares of the financial services provider's stock after acquiring an additional 4,960 shares during the period. Inceptionr LLC's holdings in PJT Partners were worth $1,135,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. lifted its holdings 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. Quarry LP lifted its holdings in 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 acquiring an additional 136 shares during the last quarter. GAMMA Investing LLC lifted its holdings in PJT Partners by 32.3% in the fourth 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 last quarter. KBC Group NV lifted its holdings in PJT Partners by 113.0% in the third quarter. KBC Group NV now owns 803 shares of the financial services provider's stock valued at $107,000 after acquiring an additional 426 shares during the last quarter. Finally, Seneca House Advisors acquired a new position in PJT Partners in the fourth quarter valued at approximately $202,000. 89.23% of the stock is currently owned by institutional investors and hedge funds.

PJT Partners Stock Performance

Shares of PJT Partners stock traded up $0.54 during trading hours on Friday, reaching $148.73. 411,750 shares of the company were exchanged, compared to its average volume of 278,208. PJT Partners Inc. has a 1 year low of $88.51 and a 1 year high of $190.27. The stock's fifty day moving average is $162.58 and its 200 day moving average is $150.71. The firm has a market cap of $3.53 billion, a PE ratio of 30.35 and a beta of 0.68.

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PJT Partners (NYSE:PJT - Get Free Report) last posted its quarterly earnings data 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. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The business had revenue of $477.30 million for the quarter, compared to analyst estimates of $384.64 million. During the same quarter in the prior year, the company earned $0.96 earnings per share. The company's revenue was up 45.3% on a year-over-year basis. Research analysts expect that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Wednesday, March 5th. PJT Partners's dividend payout ratio is currently 20.41%.

Analyst Ratings Changes

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