Aquatic Capital Management LLC Purchases 10,356 Shares of PJT Partners Inc. (NYSE:PJT)

Aquatic Capital Management LLC grew its stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 863.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,556 shares of the financial services provider's stock after acquiring an additional 10,356 shares during the period. Aquatic Capital Management LLC's holdings in PJT Partners were worth $1,824,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PJT. Sanctuary Advisors LLC lifted its stake in PJT Partners by 2.9% in the 4th quarter. Sanctuary Advisors LLC now owns 2,274 shares of the financial services provider's stock valued at $375,000 after buying an additional 65 shares in the last quarter. GAMMA Investing LLC lifted its position in PJT Partners by 32.3% during 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 during the period. Xponance Inc. boosted its position in shares of PJT Partners by 7.4% in the fourth quarter. Xponance Inc. now owns 1,659 shares of the financial services provider's stock worth $262,000 after acquiring an additional 115 shares during the last quarter. Atria Investments Inc grew its stake in shares of PJT Partners by 5.0% during the 4th quarter. Atria Investments Inc now owns 2,692 shares of the financial services provider's stock valued at $425,000 after buying an additional 129 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings in PJT Partners by 112.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 146 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PJT shares. JMP Securities downgraded shares of PJT Partners from an "outperform" rating to a "market perform" rating in a research note on Monday, January 13th. Citizens Jmp cut PJT Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods raised their price target 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 equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $158.50.

PJT Partners Stock Up 2.4 %

NYSE:PJT traded up $3.37 during trading hours on Friday, reaching $143.22. 429,221 shares of the company's stock were exchanged, compared to its average volume of 242,985. The company has a market capitalization of $3.34 billion, a P/E ratio of 29.23 and a beta of 0.76. The business's 50-day simple moving average is $139.19 and its two-hundred day simple moving average is $152.49. PJT Partners Inc. has a 12 month low of $97.74 and a 12 month high of $190.28.

PJT Partners (NYSE:PJT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.11. The firm had revenue of $324.50 million during the quarter, compared to analyst estimates of $361.26 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The company's revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $0.98 EPS. As a group, sell-side analysts anticipate that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.70%. The ex-dividend date is Wednesday, June 4th. PJT Partners's payout ratio is currently 17.64%.

Insider Transactions at PJT Partners

In other news, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $141.74, for a total transaction of $708,700.00. Following the transaction, the general counsel now owns 2,288 shares in the company, valued at $324,301.12. This represents a 68.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 11.71% of the company's stock.

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.