AlphaQuest LLC Increases Stock Holdings in PJT Partners Inc. (NYSE:PJT)

AlphaQuest LLC increased its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 48.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,219 shares of the financial services provider’s stock after buying an additional 2,028 shares during the period. AlphaQuest LLC’s holdings in PJT Partners were worth $981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amundi lifted its holdings in PJT Partners by 194.3% in the 4th quarter. Amundi now owns 12,329 shares of the financial services provider’s stock valued at $1,953,000 after purchasing an additional 8,140 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in PJT Partners by 51.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 176 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in PJT Partners in the 4th quarter valued at $321,000. Inceptionr LLC lifted its holdings in PJT Partners by 222.2% in the 4th quarter. Inceptionr LLC now owns 7,192 shares of the financial services provider’s stock valued at $1,135,000 after purchasing an additional 4,960 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in PJT Partners in the 4th quarter valued at $89,192,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Down 2.1 %

Shares of PJT opened at $145.99 on Tuesday. PJT Partners Inc. has a 52-week low of $88.51 and a 52-week high of $190.28. The company has a market capitalization of $3.40 billion, a PE ratio of 29.79 and a beta of 0.68. The stock has a fifty day simple moving average of $162.36 and a two-hundred day simple moving average of $151.06.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.71. The business had revenue of $477.30 million during the quarter, compared to the consensus estimate of $384.64 million. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The company’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same period last year, the company earned $0.96 EPS. As a group, equities analysts anticipate 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 will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be 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 of this dividend is Wednesday, March 5th. PJT Partners’s payout ratio is 20.41%.

Analysts Set New Price Targets

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