Trexquant Investment LP Acquires New Holdings in PJT Partners Inc. (NYSE:PJT)

Trexquant Investment LP acquired a new position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 18,032 shares of the financial services provider's stock, valued at approximately $2,846,000. Trexquant Investment LP owned about 0.08% of PJT Partners as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in PJT Partners in the fourth quarter valued at approximately $89,192,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of PJT Partners by 658.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 181,406 shares of the financial services provider's stock valued at $28,628,000 after buying an additional 157,483 shares during the period. Norges Bank purchased a new position in PJT Partners in the 4th quarter worth approximately $20,269,000. Vanguard Group Inc. lifted its position in shares of PJT Partners by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 2,515,600 shares of the financial services provider's stock worth $396,987,000 after purchasing an additional 127,060 shares in the last quarter. Finally, Congress Asset Management Co. boosted its stake in shares of 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. Institutional investors and hedge funds own 89.23% of the company's stock.

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Analyst Upgrades and Downgrades

PJT has been the topic of a number of recent analyst reports. Citizens Jmp lowered shares of PJT Partners from a "strong-buy" rating to a "hold" rating in a report on Monday, January 13th. JMP Securities downgraded PJT Partners from an "outperform" rating to a "market perform" rating in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods upped their target price on 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 research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $158.50.

PJT Partners Price Performance

NYSE:PJT traded up $0.20 during mid-day trading on Friday, reaching $129.56. The stock had a trading volume of 489,361 shares, compared to its average volume of 243,931. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 26.44 and a beta of 0.77. PJT Partners Inc. has a 1-year low of $90.95 and a 1-year high of $190.28. The stock's 50 day simple moving average is $150.40 and its two-hundred day simple moving average is $152.92.

PJT Partners (NYSE:PJT - Get Free Report) last issued its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $384.64 million. During the same quarter last year, the firm earned $0.96 EPS. The business's revenue was up 45.3% on a year-over-year basis. Sell-side analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders 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%.

About PJT Partners

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.