PJT Partners Inc. (NYSE:PJT) Shares Bought by Townsquare Capital LLC

Townsquare Capital LLC increased its position in PJT Partners Inc. (NYSE:PJT) by 47.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,929 shares of the financial services provider’s stock after buying an additional 13,186 shares during the quarter. Townsquare Capital LLC owned about 0.17% of PJT Partners worth $6,459,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in PJT Partners by 91.4% during the third quarter. JPMorgan Chase & Co. now owns 72,270 shares of the financial services provider’s stock worth $9,636,000 after buying an additional 34,514 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of PJT Partners by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider’s stock worth $82,556,000 after acquiring an additional 45,327 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of PJT Partners by 53.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,769 shares of the financial services provider’s stock worth $910,000 after acquiring an additional 2,012 shares during the last quarter. State Street Corp boosted its stake in PJT Partners by 5.7% in the 3rd quarter. State Street Corp now owns 1,001,911 shares of the financial services provider’s stock worth $133,595,000 after purchasing an additional 54,071 shares during the period. Finally, Norges Bank purchased a new stake in shares of PJT Partners in the fourth quarter worth approximately $20,269,000. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Stock Up 0.2 %

Shares of PJT stock opened at $129.56 on Monday. PJT Partners Inc. has a 12 month low of $90.95 and a 12 month high of $190.28. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 26.44 and a beta of 0.77. The stock has a 50-day moving average price of $150.40 and a 200 day moving average price of $153.05.

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

PJT Partners Dividend Announcement

The business also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Wednesday, March 5th. PJT Partners’s dividend payout ratio is currently 20.41%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PJT shares. Citizens Jmp downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. Keefe, Bruyette & Woods increased their price objective on PJT Partners from $152.00 to $177.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Finally, JMP Securities cut PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, PJT Partners has an average rating of “Hold” and a consensus target price 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.