Invesco Ltd. Boosts Stock Position in PJT Partners Inc. (NYSE:PJT)

Invesco Ltd. raised its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 39.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 287,935 shares of the financial services provider's stock after buying an additional 81,514 shares during the period. Invesco Ltd. owned about 1.21% of PJT Partners worth $45,439,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PJT. Sanctuary Advisors LLC increased its position in shares of PJT Partners by 2.9% during the fourth quarter. Sanctuary Advisors LLC now owns 2,274 shares of the financial services provider's stock worth $375,000 after acquiring an additional 65 shares during the period. M&T Bank Corp lifted its position in shares of PJT Partners by 3.5% during the third quarter. M&T Bank Corp now owns 2,220 shares of the financial services provider's stock valued at $296,000 after buying an additional 75 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 buying an additional 109 shares in the last quarter. Xponance Inc. raised its stake in shares of PJT Partners by 7.4% during the 4th quarter. Xponance Inc. now owns 1,659 shares of the financial services provider's stock worth $262,000 after acquiring an additional 115 shares in the last quarter. Finally, Atria Investments Inc boosted its stake in PJT Partners by 5.0% in the fourth quarter. Atria Investments Inc now owns 2,692 shares of the financial services provider's stock valued at $425,000 after acquiring an additional 129 shares in the last quarter. Institutional investors own 89.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PJT. Keefe, Bruyette & Woods boosted their target price on PJT Partners from $152.00 to $177.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. Citizens Jmp lowered shares of PJT Partners from a "strong-buy" rating to a "hold" rating in a 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 analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $158.50.

PJT Partners Price Performance

PJT traded down $3.47 during trading hours on Monday, reaching $126.31. The company's stock had a trading volume of 11,039 shares, compared to its average volume of 243,747. The business's 50-day moving average is $145.95 and its 200-day moving average is $152.96. The stock has a market cap of $2.94 billion, a PE ratio of 25.89 and a beta of 0.77. PJT Partners Inc. has a fifty-two week low of $92.12 and a fifty-two week high of $190.28.

PJT Partners (NYSE:PJT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.71. The firm had revenue of $477.30 million during 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 company's quarterly revenue was up 45.3% on a year-over-year basis. During the same period last year, the company earned $0.96 EPS. Analysts expect that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Announces Dividend

The firm 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. This represents a $1.00 annualized dividend and a yield of 0.79%. The ex-dividend date was Wednesday, March 5th. PJT Partners's dividend payout ratio (DPR) is presently 20.41%.

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.