Atria Investments Inc Increases Position in PJT Partners Inc. (NYSE:PJT)

Atria Investments Inc raised its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,692 shares of the financial services provider’s stock after buying an additional 129 shares during the period. Atria Investments Inc’s holdings in PJT Partners were worth $425,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Principal Securities Inc. raised its stake in PJT Partners by 385.4% in the fourth quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock worth $31,000 after buying an additional 158 shares in the last quarter. Quarry LP raised its stake in PJT Partners by 186.3% in the third quarter. Quarry LP now owns 209 shares of the financial services provider’s stock worth $28,000 after buying an additional 136 shares in the last quarter. GAMMA Investing LLC raised its stake in PJT Partners by 32.3% in the fourth quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock worth $70,000 after buying an additional 109 shares in the last quarter. KBC Group NV raised its stake in PJT Partners by 113.0% in the third quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock worth $107,000 after buying an additional 426 shares in the last quarter. Finally, Seneca House Advisors bought a new position in PJT Partners in the fourth quarter worth approximately $202,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Performance

NYSE:PJT opened at $139.08 on Monday. PJT Partners Inc. has a one year low of $88.51 and a one year high of $190.28. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 28.38 and a beta of 0.68. The firm’s fifty day moving average is $161.04 and its two-hundred day moving average is $151.52.

PJT Partners (NYSE:PJT) last posted its quarterly 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. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The company had revenue of $477.30 million for the quarter, compared to analyst estimates of $384.64 million. During the same period in the prior year, the company earned $0.96 earnings per share. The firm’s revenue was up 45.3% on a year-over-year basis. As a group, equities research analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a dividend of $0.25 per share. The ex-dividend date 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 presently 20.41%.

Wall Street Analysts Forecast Growth

PJT has been the subject of a number of recent research reports. Citizens Jmp downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. JMP Securities downgraded PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. UBS Group raised PJT Partners from a “sell” rating to a “neutral” rating and upped their price target for the stock from $130.00 to $175.00 in a research report on Friday, December 6th. Finally, Keefe, Bruyette & Woods upped their price target on 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 equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.