PJT Partners Inc. (NYSE:PJT) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in shares of PJT Partners Inc. (NYSE:PJT) by 51.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 517 shares of the financial services provider’s stock after buying an additional 176 shares during the period. PNC Financial Services Group Inc.’s holdings in PJT Partners were worth $82,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Principal Securities Inc. raised its holdings in shares of PJT Partners by 385.4% during the 4th quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 158 shares during the period. Quarry LP increased its position in PJT Partners by 186.3% during the third quarter. Quarry LP now owns 209 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 136 shares during the last quarter. GAMMA Investing LLC raised its stake in PJT Partners by 32.3% during the fourth 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 period. KBC Group NV boosted its holdings in PJT Partners by 25.4% in the 4th quarter. KBC Group NV now owns 1,007 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 204 shares during the last quarter. Finally, Seneca House Advisors purchased a new stake in shares of PJT Partners in the 4th quarter valued at approximately $202,000. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

PJT Partners Stock Down 1.0 %

Shares of PJT stock opened at $147.33 on Wednesday. The firm has a 50 day moving average of $159.33 and a two-hundred day moving average of $152.68. The stock has a market capitalization of $3.43 billion, a PE ratio of 30.07 and a beta of 0.68. PJT Partners Inc. has a 52 week low of $88.51 and a 52 week high of $190.28.

PJT Partners (NYSE:PJT) last released its earnings results 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. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The firm had revenue of $477.30 million during the quarter, compared to analyst estimates of $384.64 million. During the same period last year, the business posted $0.96 earnings per share. PJT Partners’s revenue was up 45.3% compared to the same quarter last year. Analysts expect that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Wednesday, March 5th. PJT Partners’s dividend payout ratio is presently 20.41%.

Analysts Set New Price Targets

Several analysts have recently commented on PJT shares. JMP Securities lowered shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Keefe, Bruyette & Woods increased their price target on PJT Partners from $152.00 to $177.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Citizens Jmp cut shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, UBS Group upgraded shares of PJT Partners from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $130.00 to $175.00 in a report on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $158.50.

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.