Quantbot Technologies LP Buys 2,463 Shares of PJT Partners Inc. (NYSE:PJT)

Quantbot Technologies LP boosted its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 15.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,200 shares of the financial services provider's stock after buying an additional 2,463 shares during the period. Quantbot Technologies LP owned approximately 0.08% of PJT Partners worth $2,872,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of PJT Partners by 91.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,270 shares of the financial services provider's stock valued at $9,636,000 after acquiring an additional 34,514 shares during the last quarter. Geode Capital Management LLC raised its stake in PJT Partners by 7.9% in the third quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider's stock valued at $82,556,000 after purchasing an additional 45,327 shares in the last quarter. Citigroup Inc. lifted its position in PJT Partners by 101.1% during the third quarter. Citigroup Inc. now owns 30,103 shares of the financial services provider's stock valued at $4,014,000 after purchasing an additional 15,135 shares during the last quarter. State Street Corp grew its stake in PJT Partners by 5.7% in the 3rd quarter. State Street Corp now owns 1,001,911 shares of the financial services provider's stock worth $133,595,000 after buying an additional 54,071 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of PJT Partners by 4.2% in the 4th quarter. Principal Financial Group Inc. now owns 139,934 shares of the financial services provider's stock worth $22,083,000 after buying an additional 5,644 shares during the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

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PJT Partners Stock Down 3.5 %

Shares of PJT traded down $5.02 during trading hours on Thursday, hitting $139.94. The company had a trading volume of 217,628 shares, compared to its average volume of 226,979. The firm has a market cap of $3.26 billion, a P/E ratio of 28.56 and a beta of 0.68. PJT Partners Inc. has a 52-week low of $90.95 and a 52-week high of $190.28. The stock's 50 day moving average price is $159.00 and its 200 day moving average price is $152.62.

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

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Wednesday, March 5th. PJT Partners's payout ratio is 20.41%.

Analysts Set New Price Targets

PJT has been the subject of a number of research analyst reports. UBS Group raised shares of PJT Partners from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $130.00 to $175.00 in a report on Friday, December 6th. Keefe, Bruyette & Woods lifted their price target 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 PJT Partners from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 13th. Finally, JMP Securities cut PJT Partners from an "outperform" rating to a "market perform" rating in a report on Monday, January 13th. Five equities 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.