PJT Partners Inc. (NYSE:PJT) Position Increased by Quantbot Technologies LP

Quantbot Technologies LP increased its stake in PJT Partners Inc. (NYSE:PJT) by 15.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,200 shares of the financial services provider’s stock after purchasing an additional 2,463 shares during the period. Quantbot Technologies LP owned 0.08% of PJT Partners worth $2,872,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP increased its position in 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 acquiring an additional 136 shares during the period. Principal Securities Inc. increased its position in PJT Partners by 385.4% in 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 period. GAMMA Investing LLC increased its position in PJT Partners by 32.3% in the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 109 shares during the period. PNC Financial Services Group Inc. increased its position 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 acquiring an additional 176 shares during the period. Finally, KBC Group NV increased its position in PJT Partners by 25.4% in the 4th quarter. KBC Group NV now owns 1,007 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 204 shares during the period. 89.23% of the stock is currently owned by institutional investors and hedge funds.

PJT Partners Stock Up 1.1 %

Shares of NYSE PJT opened at $144.08 on Friday. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 29.40 and a beta of 0.68. The stock’s fifty day simple moving average is $159.59 and its 200 day simple moving average is $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 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 for the quarter, compared to analysts’ expectations of $384.64 million. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The company’s quarterly revenue was up 45.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 EPS. As a group, analysts anticipate that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Wednesday, March 5th. PJT Partners’s payout ratio is 20.41%.

Wall Street Analyst Weigh In

Several research firms recently commented on PJT. JMP Securities cut PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Citizens Jmp cut PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. Keefe, Bruyette & Woods lifted their price target on PJT Partners from $152.00 to $177.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. Finally, UBS Group upgraded PJT Partners from a “sell” rating to a “neutral” rating and lifted their price target for the company from $130.00 to $175.00 in a research report on Friday, December 6th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.