PJT Partners Inc. (NYSE:PJT) Position Raised by Parallel Advisors LLC

Parallel Advisors LLC boosted its position in PJT Partners Inc. (NYSE:PJTFree Report) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,897 shares of the financial services provider’s stock after purchasing an additional 184 shares during the period. Parallel Advisors LLC’s holdings in PJT Partners were worth $397,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System bought a new stake in shares of PJT Partners in the 4th quarter worth $826,000. Handelsbanken Fonder AB boosted its position in shares of PJT Partners by 65.4% during the 4th quarter. Handelsbanken Fonder AB now owns 4,300 shares of the financial services provider’s stock valued at $438,000 after purchasing an additional 1,700 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of PJT Partners in the 4th quarter worth approximately $1,397,000. International Assets Investment Management LLC raised its holdings in shares of PJT Partners by 6,245.9% in the 4th quarter. International Assets Investment Management LLC now owns 7,742 shares of the financial services provider’s stock worth $789,000 after purchasing an additional 7,620 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of PJT Partners by 11,553.8% during the 4th quarter. Hsbc Holdings PLC now owns 510,089 shares of the financial services provider’s stock valued at $52,120,000 after acquiring an additional 505,712 shares during the last quarter. 89.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PJT has been the subject of a number of analyst reports. UBS Group reaffirmed a “sell” rating and set a $75.00 price objective (down from $100.00) on shares of PJT Partners in a research note on Tuesday, March 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price objective on shares of PJT Partners in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $93.25.

Read Our Latest Stock Report on PJT

PJT Partners Stock Performance

PJT stock opened at $106.67 on Friday. The stock has a market cap of $2.56 billion, a P/E ratio of 29.39 and a beta of 0.67. The firm has a 50 day simple moving average of $98.02 and a 200 day simple moving average of $97.35. PJT Partners Inc. has a 52 week low of $66.43 and a 52 week high of $108.71.

PJT Partners (NYSE:PJTGet Free Report) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.53. PJT Partners had a net margin of 7.57% and a return on equity of 17.36%. The company had revenue of $329.39 million during the quarter, compared to analyst estimates of $229.32 million. During the same quarter last year, the business posted $0.54 EPS. The company’s revenue for the quarter was up 64.7% on a year-over-year basis. Sell-side analysts predict that PJT Partners Inc. will post 4 EPS for the current year.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.94%. The ex-dividend date is Wednesday, June 5th. PJT Partners’s payout ratio is currently 27.55%.

About PJT Partners

(Free Report)

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.

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Institutional Ownership by Quarter for PJT Partners (NYSE:PJT)

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