Charles Schwab Investment Management Inc. Grows Stock Holdings in PJT Partners Inc. (NYSE:PJT)

Charles Schwab Investment Management Inc. boosted its holdings in PJT Partners Inc. (NYSE:PJT) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 255,263 shares of the financial services provider’s stock after buying an additional 3,173 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.08% of PJT Partners worth $40,283,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new position in shares of PJT Partners in the 3rd quarter valued at about $453,000. JPMorgan Chase & Co. boosted its holdings in PJT Partners by 91.4% in the third quarter. JPMorgan Chase & Co. now owns 72,270 shares of the financial services provider’s stock valued at $9,636,000 after purchasing an additional 34,514 shares in the last quarter. Geode Capital Management LLC increased its stake in PJT Partners by 7.9% in the third quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider’s stock valued at $82,556,000 after purchasing an additional 45,327 shares during the last quarter. Citigroup Inc. increased its stake in PJT Partners by 101.1% in the third quarter. Citigroup Inc. now owns 30,103 shares of the financial services provider’s stock valued at $4,014,000 after purchasing an additional 15,135 shares during the last quarter. Finally, Atria Investments Inc raised its holdings in PJT Partners by 5.9% during the third quarter. Atria Investments Inc now owns 2,563 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 142 shares in the last quarter. 89.23% of the stock is currently owned by institutional investors and hedge funds.

PJT Partners Price Performance

Shares of NYSE:PJT opened at $139.08 on Friday. The stock has a market cap of $3.24 billion, a P/E ratio of 28.38 and a beta of 0.68. PJT Partners Inc. has a 1-year low of $88.51 and a 1-year high of $190.28. The firm has a fifty day moving average price of $161.04 and a 200 day moving average price of $151.32.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.71. The business had revenue of $477.30 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $0.96 earnings per share. Sell-side analysts expect that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.72%. PJT Partners’s dividend payout ratio (DPR) is currently 20.41%.

Analyst Ratings Changes

Several research analysts have recently issued reports on PJT shares. Citizens Jmp cut shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Keefe, Bruyette & Woods raised their price objective on PJT Partners from $152.00 to $177.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. UBS Group raised PJT Partners from a “sell” rating to a “neutral” rating and boosted their target price for the company from $130.00 to $175.00 in a report on Friday, December 6th. Finally, JMP Securities cut PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company 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.