Prospector Partners LLC Has $8.66 Million Position in PJT Partners Inc. (NYSE:PJT)

Prospector Partners LLC lowered its holdings in PJT Partners Inc. (NYSE:PJT - Free Report) by 11.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,885 shares of the financial services provider's stock after selling 6,955 shares during the quarter. Prospector Partners LLC owned 0.23% of PJT Partners worth $8,661,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Quarry LP boosted its position in shares of PJT Partners by 186.3% in the third quarter. Quarry LP now owns 209 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 136 shares during the period. Principal Securities Inc. boosted its holdings in PJT Partners by 385.4% in the 4th 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 period. 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 last quarter. GAMMA Investing LLC grew its position in PJT Partners by 32.3% in the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider's stock worth $70,000 after purchasing an additional 109 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of PJT Partners by 51.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider's stock worth $82,000 after purchasing an additional 176 shares during the period. 89.23% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PJT. JMP Securities downgraded PJT Partners from an "outperform" rating to a "market perform" rating in a research report on Monday, January 13th. 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. Finally, Citizens Jmp cut 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, the stock presently has a consensus rating of "Hold" and an average price target of $158.50.

PJT Partners Price Performance

Shares of PJT Partners stock traded down $1.14 during trading on Friday, hitting $128.23. 271,723 shares of the company's stock traded hands, compared to its average volume of 243,162. PJT Partners Inc. has a twelve month low of $90.95 and a twelve month high of $190.28. The company has a market cap of $2.99 billion, a PE ratio of 25.98 and a beta of 0.77. The firm's fifty day moving average price is $151.28 and its 200 day moving average price is $152.95.

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 company had revenue of $477.30 million for the quarter, compared to the consensus estimate of $384.64 million. During the same period in the previous year, the business earned $0.96 earnings per share. The company's quarterly revenue was up 45.3% on a year-over-year basis. As a group, equities research 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 declared 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 yield of 0.78%. The ex-dividend date of this dividend was Wednesday, March 5th. PJT Partners's dividend payout ratio (DPR) 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.