Virtu Financial LLC Invests $223,000 in PJT Partners Inc. (NYSE:PJT)

Virtu Financial LLC purchased a new position in shares of PJT Partners Inc. (NYSE:PJT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,187 shares of the financial services provider’s stock, valued at approximately $223,000.

A number of other hedge funds have also modified their holdings of PJT. Comerica Bank boosted its holdings in PJT Partners by 145.0% during the 4th quarter. Comerica Bank now owns 17,361 shares of the financial services provider’s stock valued at $1,769,000 after acquiring an additional 10,274 shares during the period. Woodson Capital Management LP purchased a new position in PJT Partners during the 4th quarter valued at about $8,150,000. Quadrature Capital Ltd boosted its holdings in PJT Partners by 338.1% during the 4th quarter. Quadrature Capital Ltd now owns 12,004 shares of the financial services provider’s stock valued at $1,222,000 after acquiring an additional 9,264 shares during the period. Parallel Advisors LLC boosted its holdings in PJT Partners by 5.0% during the 4th quarter. Parallel Advisors LLC now owns 3,897 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 184 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in 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 period. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

PJT Partners Stock Performance

Shares of PJT opened at $106.30 on Friday. The stock has a 50-day simple moving average of $101.05 and a 200-day simple moving average of $99.19. The stock has a market capitalization of $2.55 billion, a PE ratio of 29.28 and a beta of 0.64. PJT Partners Inc. has a 1 year low of $67.06 and a 1 year high of $109.33.

PJT Partners (NYSE:PJT) last issued its 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 return on equity of 17.36% and a net margin of 7.57%. The business had revenue of $329.39 million for the quarter, compared to analyst estimates of $229.32 million. During the same quarter last year, the company earned $0.54 EPS. The business’s quarterly revenue was up 64.7% on a year-over-year basis. Analysts predict that PJT Partners Inc. will post 4 EPS for the current year.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, June 5th. PJT Partners’s dividend payout ratio (DPR) is presently 27.55%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. UBS Group restated a “sell” rating and set a $75.00 target price (down from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th. JMP Securities reiterated 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 investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, PJT Partners presently has an average rating of “Hold” and a consensus target price of $93.25.

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.