Townsquare Capital LLC Buys 13,186 Shares of PJT Partners Inc. (NYSE:PJT)

Townsquare Capital LLC raised its stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 47.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 40,929 shares of the financial services provider's stock after acquiring an additional 13,186 shares during the period. Townsquare Capital LLC owned approximately 0.17% of PJT Partners worth $6,459,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. raised its holdings in shares of PJT Partners by 385.4% during the fourth quarter. Principal Securities Inc. now owns 199 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 158 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in PJT Partners by 112.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider's stock worth $44,000 after purchasing an additional 146 shares during the period. GAMMA Investing LLC lifted its holdings 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 valued at $70,000 after buying an additional 109 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of PJT Partners by 51.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider's stock worth $82,000 after buying an additional 176 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of PJT Partners by 25.4% in the 4th quarter. KBC Group NV now owns 1,007 shares of the financial services provider's stock worth $159,000 after buying an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 89.23% of the company's stock.

Wall Street Analysts Forecast Growth

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

PJT Partners Stock Up 0.7 %

NYSE:PJT traded up $0.88 during mid-day trading on Friday, hitting $129.57. 236,834 shares of the company traded hands, compared to its average volume of 244,727. The stock's fifty day moving average price is $145.95 and its 200-day moving average price is $152.68. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 26.44 and a beta of 0.77. PJT Partners Inc. has a one year low of $91.21 and a one year high of $190.28.

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 the consensus estimate 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 net margin of 9.00% and a return on equity of 24.03%. The business's revenue was up 45.3% on a year-over-year basis. During the same quarter last year, the business earned $0.96 EPS. Equities analysts predict that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a $0.25 dividend. 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 payout ratio is 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.