PJT Partners Inc. (NYSE:PJT) Holdings Lifted by Quantbot Technologies LP

Quantbot Technologies LP increased its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 15.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,200 shares of the financial services provider’s stock after purchasing an additional 2,463 shares during the quarter. Quantbot Technologies LP’s holdings in PJT Partners were worth $2,872,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PJT. Quarry LP grew its holdings in shares of PJT Partners by 186.3% during the third quarter. Quarry LP now owns 209 shares of the financial services provider’s stock valued at $28,000 after buying an additional 136 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of PJT Partners by 385.4% during the fourth quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock valued at $31,000 after buying an additional 158 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 valued at $70,000 after buying an additional 109 shares in 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 valued at $82,000 after purchasing an additional 176 shares in the last quarter. Finally, KBC Group NV grew its stake 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 purchasing an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Performance

PJT opened at $144.08 on Friday. The company has a market cap of $3.36 billion, a PE ratio of 29.40 and a beta of 0.68. The stock has a 50-day moving average of $159.59 and a 200-day moving average of $152.01. 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 quarterly earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.71. The company 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 firm’s revenue was up 45.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 EPS. On average, research analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.69%. PJT Partners’s dividend payout ratio (DPR) is presently 20.41%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JMP Securities downgraded PJT Partners from an “outperform” rating to a “market perform” rating in a research note 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. UBS Group upgraded PJT Partners from a “sell” rating to a “neutral” rating and boosted their target price for the company from $130.00 to $175.00 in a research note on Friday, December 6th. Finally, Keefe, Bruyette & Woods boosted their target price on PJT Partners from $152.00 to $177.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, PJT Partners presently has an average rating of “Hold” and a consensus target price of $158.50.

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.