Handelsbanken Fonder AB Increases Stock Position in PJT Partners Inc. (NYSE:PJT)

Handelsbanken Fonder AB boosted its stake in shares of PJT Partners Inc. (NYSE:PJT) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,900 shares of the financial services provider’s stock after buying an additional 800 shares during the quarter. Handelsbanken Fonder AB’s holdings in PJT Partners were worth $931,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Quarry LP boosted its stake in PJT Partners by 186.3% during the third quarter. Quarry LP now owns 209 shares of the financial services provider’s stock worth $28,000 after buying an additional 136 shares during the period. Principal Securities Inc. boosted its stake in PJT Partners by 385.4% during the fourth quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock worth $31,000 after buying an additional 158 shares during the period. GAMMA Investing LLC boosted its stake in PJT Partners by 32.3% during the fourth quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock worth $70,000 after buying an additional 109 shares during the period. KBC Group NV boosted its stake in PJT Partners by 113.0% during the third quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock worth $107,000 after buying an additional 426 shares during the period. Finally, Seneca House Advisors purchased a new position in PJT Partners during the fourth quarter worth about $202,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on PJT. Keefe, Bruyette & Woods raised their price objective on shares of PJT Partners from $152.00 to $177.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. JMP Securities lowered shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. Citizens Jmp lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, UBS Group raised shares of PJT Partners from a “sell” rating to a “neutral” rating and raised their price objective for the company from $130.00 to $175.00 in a research note on Friday, December 6th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, PJT Partners has a consensus rating of “Hold” and a consensus price target of $158.50.

PJT Partners Stock Down 1.2 %

Shares of NYSE:PJT opened at $157.29 on Friday. The firm’s 50 day moving average price is $163.32 and its 200 day moving average price is $149.22. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 32.10 and a beta of 0.67. PJT Partners Inc. has a fifty-two week low of $88.51 and a fifty-two week high of $190.27.

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

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.00 annualized dividend and a yield of 0.64%. PJT Partners’s dividend payout ratio (DPR) is 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.