Moran Wealth Management LLC Purchases New Shares in PJT Partners Inc. (NYSE:PJT)

Moran Wealth Management LLC acquired a new position in PJT Partners Inc. (NYSE:PJT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,647 shares of the financial services provider’s stock, valued at approximately $260,000.

Other large investors have also recently made changes to their positions in the company. Quarry LP grew its position 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 acquiring an additional 136 shares in the last quarter. Principal Securities Inc. lifted its stake in shares of PJT Partners by 385.4% in the 4th quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 158 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of PJT Partners by 32.3% in the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 109 shares during the period. PNC Financial Services Group Inc. raised its holdings in PJT Partners by 51.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider’s stock valued at $82,000 after buying an additional 176 shares during the period. Finally, KBC Group NV lifted its position 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 during the last quarter. 89.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of PJT Partners from $152.00 to $177.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. UBS Group upgraded shares of PJT Partners from a “sell” rating to a “neutral” rating and upped their price target for the company from $130.00 to $175.00 in a report on Friday, December 6th. Citizens Jmp downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, JMP Securities cut PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $158.50.

PJT Partners Trading Down 0.6 %

NYSE PJT opened at $141.56 on Thursday. The stock has a market cap of $3.30 billion, a PE ratio of 28.89 and a beta of 0.68. PJT Partners Inc. has a 12 month low of $88.51 and a 12 month high of $190.28. The company’s 50-day moving average price is $161.72 and its 200-day moving average price is $151.11.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.71. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The business had revenue of $477.30 million for the quarter, compared to the consensus estimate of $384.64 million. During the same period in the prior year, the firm earned $0.96 EPS. The company’s revenue for the quarter was up 45.3% compared to the same quarter last year. As a group, sell-side analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.00 annualized dividend and a yield of 0.71%. PJT Partners’s payout ratio is currently 20.41%.

PJT Partners Profile

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.