Xponance Inc. Purchases 115 Shares of PJT Partners Inc. (NYSE:PJT)

Xponance Inc. lifted its holdings in PJT Partners Inc. (NYSE:PJT) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,659 shares of the financial services provider’s stock after acquiring an additional 115 shares during the period. Xponance Inc.’s holdings in PJT Partners were worth $262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Securities Inc. lifted its position in shares of PJT Partners by 385.4% during 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. Quarry LP increased its stake in PJT Partners by 186.3% in the third quarter. Quarry LP now owns 209 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 136 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 valued at $70,000 after purchasing an additional 109 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of 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 worth $82,000 after purchasing an additional 176 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of 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 buying an additional 204 shares during the period. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Stock Performance

Shares of PJT opened at $135.91 on Friday. The firm has a market capitalization of $3.17 billion, a P/E ratio of 27.74 and a beta of 0.68. PJT Partners Inc. has a 52 week low of $90.95 and a 52 week high of $190.28. The stock has a 50 day moving average price of $158.16 and a two-hundred day moving average price of $152.65.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $384.64 million. During the same quarter in the prior year, the company posted $0.96 earnings per share. PJT Partners’s revenue was up 45.3% compared to the same quarter last year. On average, equities analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.74%. PJT Partners’s dividend payout ratio is currently 20.41%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Citizens Jmp downgraded PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. UBS Group raised PJT Partners from a “sell” rating to a “neutral” rating and upped their target price for the stock from $130.00 to $175.00 in a research report on Friday, December 6th. Keefe, Bruyette & Woods increased their target price 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 lowered shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, PJT Partners presently has an average rating of “Hold” and a consensus 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.