PJT Partners Inc. (NYSE:PJT) Shares Bought by Fmr LLC

FMR LLC increased its position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 52.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 637,797 shares of the financial services provider's stock after acquiring an additional 220,526 shares during the quarter. FMR LLC owned approximately 2.69% of PJT Partners worth $100,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of PJT. Vanguard Group Inc. boosted its holdings 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 valued at $396,987,000 after purchasing an additional 127,060 shares during the last quarter. Geode Capital Management LLC lifted its holdings in PJT Partners by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 635,270 shares of the financial services provider's stock valued at $100,273,000 after acquiring an additional 16,233 shares during the last quarter. Raymond James Financial Inc. purchased a new position in PJT Partners in the fourth quarter worth approximately $89,192,000. Alliancebernstein L.P. increased its stake in PJT Partners by 9.8% during the fourth quarter. Alliancebernstein L.P. now owns 474,710 shares of the financial services provider's stock worth $74,914,000 after acquiring an additional 42,463 shares during the last quarter. Finally, Congress Asset Management Co. raised its position in PJT Partners by 27.6% in the fourth quarter. Congress Asset Management Co. now owns 405,681 shares of the financial services provider's stock valued at $64,021,000 after purchasing an additional 87,707 shares during the period. Hedge funds and other institutional investors own 89.23% of the company's stock.

PJT Partners Stock Up 0.7 %

NYSE PJT traded up $0.88 during trading on Friday, hitting $129.57. The stock had a trading volume of 236,834 shares, compared to its average volume of 244,727. The company has a market capitalization of $3.02 billion, a PE ratio of 26.44 and a beta of 0.77. PJT Partners Inc. has a twelve month low of $91.21 and a twelve month high of $190.28. The firm has a 50 day moving average price of $145.95 and a 200 day moving average price of $152.68.

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, topping analysts' consensus estimates of $1.19 by $0.71. The company had revenue of $477.30 million for the quarter, compared to analyst estimates of $384.64 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The firm's quarterly revenue was up 45.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. On average, sell-side analysts anticipate that PJT Partners Inc. will post 6.2 earnings per share for the current 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 paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.00 annualized dividend and a yield of 0.77%. PJT Partners's payout ratio is 20.41%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective on PJT Partners from $152.00 to $177.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. JMP Securities downgraded shares of PJT Partners from an "outperform" rating to a "market perform" rating in a research note on Monday, January 13th. Finally, Citizens Jmp cut shares of PJT Partners from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $158.50.

PJT Partners Company 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.