Quadrature Capital Ltd Has $1.22 Million Stock Holdings in PJT Partners Inc. (NYSE:PJT)

Quadrature Capital Ltd boosted its stake in PJT Partners Inc. (NYSE:PJTFree Report) by 338.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,004 shares of the financial services provider’s stock after purchasing an additional 9,264 shares during the quarter. Quadrature Capital Ltd’s holdings in PJT Partners were worth $1,222,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PJT. New York State Common Retirement Fund grew its holdings in PJT Partners by 8.0% in the third quarter. New York State Common Retirement Fund now owns 18,878 shares of the financial services provider’s stock worth $1,500,000 after purchasing an additional 1,403 shares during the period. J.P. Morgan Private Wealth Advisors LLC grew its holdings in shares of PJT Partners by 2.7% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 10,263 shares of the financial services provider’s stock valued at $815,000 after buying an additional 267 shares during the last quarter. Swiss National Bank grew its holdings in shares of PJT Partners by 1.0% during the third quarter. Swiss National Bank now owns 51,835 shares of the financial services provider’s stock valued at $4,118,000 after buying an additional 500 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of PJT Partners by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 207,643 shares of the financial services provider’s stock valued at $16,495,000 after buying an additional 2,352 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of PJT Partners by 13.6% during the third quarter. Deutsche Bank AG now owns 12,723 shares of the financial services provider’s stock valued at $1,011,000 after buying an additional 1,521 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PJT has been the subject of a number of analyst reports. UBS Group reiterated a “sell” rating and set a $75.00 price objective (down from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th. JMP Securities reiterated a “market outperform” rating and set a $110.00 price objective on shares of PJT Partners in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, PJT Partners presently has an average rating of “Hold” and a consensus price target of $93.25.

Get Our Latest Research Report on PJT Partners

PJT Partners Stock Performance

PJT Partners stock opened at $101.88 on Tuesday. PJT Partners Inc. has a fifty-two week low of $67.06 and a fifty-two week high of $109.33. The stock has a market cap of $2.44 billion, a PE ratio of 28.07 and a beta of 0.64. The firm’s 50-day simple moving average is $99.50 and its 200 day simple moving average is $98.34.

PJT Partners (NYSE:PJTGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.53. PJT Partners had a net margin of 7.57% and a return on equity of 17.36%. The business had revenue of $329.39 million for the quarter, compared to analysts’ expectations of $229.32 million. During the same period in the previous year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up 64.7% compared to the same quarter last year. As a group, analysts predict that PJT Partners Inc. will post 4 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently disclosed 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 0.98%. The ex-dividend date is Wednesday, June 5th. PJT Partners’s dividend payout ratio is 27.55%.

PJT Partners Profile

(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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