PJT Partners Inc. (NYSE:PJT) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its stake in PJT Partners Inc. (NYSE:PJT - Free Report) by 53.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,769 shares of the financial services provider's stock after purchasing an additional 2,012 shares during the quarter. Commonwealth Equity Services LLC's holdings in PJT Partners were worth $910,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in PJT Partners by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 252,090 shares of the financial services provider's stock valued at $33,614,000 after acquiring an additional 11,707 shares in the last quarter. Citigroup Inc. lifted its position in shares of PJT Partners by 101.1% during the 3rd quarter. Citigroup Inc. now owns 30,103 shares of the financial services provider's stock valued at $4,014,000 after buying an additional 15,135 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of PJT Partners in the third quarter worth $234,000. FMR LLC boosted its stake in shares of PJT Partners by 10.9% in the third quarter. FMR LLC now owns 417,271 shares of the financial services provider's stock worth $55,639,000 after acquiring an additional 41,007 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in PJT Partners by 40.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 32,747 shares of the financial services provider's stock worth $4,366,000 after purchasing an additional 9,510 shares in the last quarter. Hedge funds and other institutional investors own 89.23% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective 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. JMP Securities downgraded shares of PJT Partners from an "outperform" rating to a "market perform" rating in a report on Monday, January 13th. Finally, Citizens Jmp downgraded 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, According to MarketBeat.com, PJT Partners presently has an average rating of "Hold" and a consensus price target of $158.50.

PJT Partners Trading Down 4.5 %

Shares of NYSE PJT traded down $5.87 during mid-day trading on Friday, reaching $126.01. The company had a trading volume of 432,336 shares, compared to its average volume of 236,986. PJT Partners Inc. has a 52 week low of $90.95 and a 52 week high of $190.28. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 25.72 and a beta of 0.77. The business's 50-day moving average is $155.44 and its 200-day moving average is $153.45.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.71. The firm had revenue of $477.30 million for the quarter, compared to the consensus estimate of $384.64 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The company's quarterly revenue was up 45.3% on a year-over-year basis. During the same period last year, the firm earned $0.96 earnings per share. As a group, equities research analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders 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 is currently 20.41%.

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.