Ashton Thomas Private Wealth LLC Makes New Investment in PJT Partners Inc. (NYSE:PJT)

Ashton Thomas Private Wealth LLC purchased a new stake in PJT Partners Inc. (NYSE:PJT) during the fourth quarter, Holdings Channel reports. The fund purchased 2,036 shares of the financial services provider’s stock, valued at approximately $321,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Inceptionr LLC raised its stake in shares of 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 acquiring an additional 4,960 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of PJT Partners in the 4th quarter valued at approximately $89,192,000. Atria Investments Inc raised its stake in shares of PJT Partners by 5.0% in the 4th quarter. Atria Investments Inc now owns 2,692 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 129 shares during the period. Cookson Peirce & Co. Inc. purchased a new stake in shares of PJT Partners in the 4th quarter valued at approximately $2,203,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of PJT Partners by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 255,263 shares of the financial services provider’s stock valued at $40,283,000 after acquiring an additional 3,173 shares during the period. 89.23% of the stock is owned by hedge funds and other institutional investors.

PJT Partners Stock Down 2.9 %

NYSE PJT opened at $141.98 on Wednesday. PJT Partners Inc. has a 52 week low of $88.51 and a 52 week high of $190.28. The stock has a market capitalization of $3.31 billion, a PE ratio of 28.98 and a beta of 0.68. The firm has a 50 day moving average of $162.04 and a two-hundred day moving average of $151.18.

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

PJT Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.70%. The ex-dividend date is Wednesday, March 5th. PJT Partners’s dividend payout ratio (DPR) is presently 20.41%.

Analyst Upgrades and Downgrades

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