Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in PJT Partners Inc. (NYSE:PJT)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of PJT Partners Inc. (NYSE:PJT) by 18.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,948 shares of the financial services provider’s stock after purchasing an additional 921 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in PJT Partners were worth $939,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Principal Securities Inc. increased its position in shares of 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 purchasing an additional 158 shares in the last quarter. Quarry LP increased its position in shares of 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 purchasing an additional 136 shares in the last quarter. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 109 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings 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 buying an additional 176 shares in the last quarter. Finally, KBC Group NV grew its holdings in PJT Partners by 113.0% in the 3rd quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock valued at $107,000 after buying an additional 426 shares in the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

PJT Partners Stock Down 0.4 %

Shares of PJT Partners stock opened at $142.39 on Friday. PJT Partners Inc. has a 52 week low of $88.51 and a 52 week high of $190.28. The business’s fifty day simple moving average is $159.80 and its 200-day simple moving average is $151.63. The firm has a market cap of $3.32 billion, a PE ratio of 29.06 and a beta of 0.68.

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

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.70%. The ex-dividend date was Wednesday, March 5th. PJT Partners’s payout ratio is 20.41%.

Analysts Set New Price Targets

PJT has been the subject of several analyst reports. Citizens Jmp cut PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. UBS Group upgraded PJT Partners from a “sell” rating to a “neutral” rating and upped their target price for the company from $130.00 to $175.00 in a report on Friday, December 6th. Keefe, Bruyette & Woods upped their target price on PJT Partners from $152.00 to $177.00 and gave the company 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 report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, PJT Partners currently has an average rating of “Hold” and an average price target 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.