Amundi Raises Holdings in PJT Partners Inc. (NYSE:PJT)

Amundi increased its position in shares of PJT Partners Inc. (NYSE:PJT) by 194.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,329 shares of the financial services provider’s stock after buying an additional 8,140 shares during the period. Amundi’s holdings in PJT Partners were worth $1,953,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in PJT Partners by 51.6% during the 4th 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 during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of PJT Partners during the fourth quarter valued at approximately $321,000. Inceptionr LLC boosted its stake in shares of PJT Partners by 222.2% during the fourth quarter. Inceptionr LLC now owns 7,192 shares of the financial services provider’s stock valued at $1,135,000 after purchasing an additional 4,960 shares in the last quarter. Raymond James Financial Inc. purchased a new position in PJT Partners during the fourth quarter valued at approximately $89,192,000. Finally, Atria Investments Inc raised its stake in PJT Partners by 5.0% in the fourth quarter. Atria Investments Inc now owns 2,692 shares of the financial services provider’s stock worth $425,000 after buying an additional 129 shares in the last quarter. 89.23% of the stock is currently owned by institutional investors.

PJT Partners Price Performance

Shares of NYSE:PJT opened at $139.24 on Tuesday. The firm has a market capitalization of $3.24 billion, a P/E ratio of 28.42 and a beta of 0.68. The business’s 50-day moving average is $160.68 and its 200 day moving average is $151.64. PJT Partners Inc. has a 1 year low of $88.51 and a 1 year high of $190.28.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) 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 the consensus estimate of $384.64 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The company’s revenue for the quarter was up 45.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 earnings per share. On average, analysts expect that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.72%. PJT Partners’s payout ratio is currently 20.41%.

Analyst Ratings Changes

Several brokerages have issued reports on PJT. JMP Securities cut PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. UBS Group raised 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 report on Friday, December 6th. Keefe, Bruyette & Woods boosted their target price on shares of PJT Partners from $152.00 to $177.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Finally, Citizens Jmp cut shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $158.50.

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.