Vanguard Group Inc. Boosts Stock Position in PJT Partners Inc. (NYSE:PJT)

Vanguard Group Inc. grew its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,515,600 shares of the financial services provider’s stock after buying an additional 127,060 shares during the quarter. Vanguard Group Inc. owned 0.11% of PJT Partners worth $396,987,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Securities Inc. boosted its stake in PJT Partners by 385.4% during the 4th quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 158 shares during the last quarter. Quarry LP raised its stake in shares of PJT Partners by 186.3% in the 3rd quarter. Quarry LP now owns 209 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 136 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of 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 last quarter. PNC Financial Services Group Inc. grew its stake in PJT Partners by 51.6% in the fourth 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 in the last quarter. Finally, KBC Group NV increased its holdings in PJT Partners by 25.4% in the fourth quarter. KBC Group NV now owns 1,007 shares of the financial services provider’s stock valued at $159,000 after buying an additional 204 shares during the last quarter. Institutional investors own 89.23% of the company’s stock.

PJT Partners Price Performance

Shares of NYSE PJT opened at $141.79 on Thursday. The firm has a market capitalization of $3.30 billion, a PE ratio of 28.94 and a beta of 0.68. PJT Partners Inc. has a 1-year low of $90.95 and a 1-year high of $190.28. The business’s fifty day moving average price is $156.81 and its two-hundred day moving average price is $153.29.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.71. The business had revenue of $477.30 million for the quarter, compared to analysts’ expectations of $384.64 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The company’s revenue for the quarter was up 45.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 EPS. Equities research analysts expect that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The firm 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. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.71%. PJT Partners’s dividend payout ratio is presently 20.41%.

Wall Street Analyst Weigh In

PJT has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their target price on PJT Partners from $152.00 to $177.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. UBS Group upgraded PJT Partners from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $130.00 to $175.00 in a research note on Friday, December 6th. Citizens Jmp lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, JMP Securities downgraded shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $158.50.

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.