Barclays PLC Buys 8,658 Shares of PJT Partners Inc. (NYSE:PJT)

by · The Cerbat Gem

Barclays PLC increased its stake in shares of PJT Partners Inc. (NYSE:PJT – Free Report) by 16.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 60,703 shares of the financial services provider’s stock after buying an additional 8,658 shares during the period. Barclays PLC owned 0.26% of PJT Partners worth $9,578,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of PJT. Advisors Capital Management LLC lifted its position in PJT Partners by 0.4% during the fourth quarter. Advisors Capital Management LLC now owns 69,620 shares of the financial services provider’s stock worth $10,987,000 after acquiring an additional 298 shares during the last quarter. Townsquare Capital LLC increased its stake in shares of PJT Partners by 47.5% during the fourth quarter. Townsquare Capital LLC now owns 40,929 shares of the financial services provider’s stock worth $6,459,000 after purchasing an additional 13,186 shares during the period. F M Investments LLC acquired a new stake in PJT Partners during the 4th quarter worth approximately $3,507,000. Renaissance Technologies LLC bought a new stake in PJT Partners in the 4th quarter valued at $316,000. Finally, Invesco Ltd. grew its holdings in PJT Partners by 39.5% in the 4th quarter. Invesco Ltd. now owns 287,935 shares of the financial services provider’s stock valued at $45,439,000 after buying an additional 81,514 shares in the last quarter. Institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Performance

Shares of NYSE PJT opened at $131.37 on Wednesday. The stock has a market capitalization of $3.06 billion, a P/E ratio of 26.81 and a beta of 0.77. The stock’s fifty day moving average is $144.13 and its 200 day moving average is $152.73. PJT Partners Inc. has a 52 week low of $93.07 and a 52 week high of $190.28.

PJT Partners (NYSE:PJT – Get Free Report) last released its 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. The firm had revenue of $477.30 million for the quarter, compared to analyst estimates of $384.64 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The business’s quarterly revenue was up 45.3% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. Equities research analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders 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 0.76%. The ex-dividend date of this dividend was Wednesday, March 5th. PJT Partners’s payout ratio is presently 20.41%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PJT shares. Citizens Jmp downgraded PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. JMP Securities cut shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods increased their target price on shares of PJT Partners from $152.00 to $177.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $158.50.

Get Our Latest Stock Analysis on PJT

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.

Further Reading

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