1,279 Shares in PJT Partners Inc. (NYSE:PJT) Acquired by Level Four Advisory Services LLC

Level Four Advisory Services LLC acquired a new stake in PJT Partners Inc. (NYSE:PJT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,279 shares of the financial services provider’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in shares of PJT Partners by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 252,090 shares of the financial services provider’s stock worth $33,614,000 after purchasing an additional 11,707 shares during the last quarter. Citigroup Inc. lifted its stake in PJT Partners by 101.1% in the third quarter. Citigroup Inc. now owns 30,103 shares of the financial services provider’s stock valued at $4,014,000 after buying an additional 15,135 shares during the period. D.A. Davidson & CO. bought a new position in PJT Partners during the third quarter worth about $234,000. FMR LLC grew its position in shares of PJT Partners by 10.9% during the 3rd quarter. FMR LLC now owns 417,271 shares of the financial services provider’s stock worth $55,639,000 after buying an additional 41,007 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of PJT Partners by 40.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 32,747 shares of the financial services provider’s stock valued at $4,366,000 after acquiring an additional 9,510 shares during the last quarter. 89.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PJT has been the topic of several recent analyst reports. UBS Group raised shares of PJT Partners from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $130.00 to $175.00 in a research note on Friday, December 6th. JMP Securities cut shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. 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, Keefe, Bruyette & Woods lifted 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. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, PJT Partners presently has an average rating of “Hold” and a consensus price target of $158.50.

PJT Partners Stock Up 1.5 %

PJT Partners stock opened at $139.89 on Wednesday. The company has a 50 day moving average of $157.23 and a 200-day moving average of $153.37. PJT Partners Inc. has a twelve month low of $90.95 and a twelve month high of $190.28. The stock has a market capitalization of $3.26 billion, a PE ratio of 28.55 and a beta of 0.68.

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

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors 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 0.71%. The ex-dividend date of this dividend was Wednesday, March 5th. PJT Partners’s dividend payout ratio is presently 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.