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

Aquatic Capital Management LLC increased 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 Form 13F filing with the SEC. The fund owned 11,556 shares of the financial services provider's stock after acquiring an additional 10,356 shares during the quarter. Aquatic Capital Management LLC's holdings in PJT Partners were worth $1,824,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Two Sigma Securities LLC purchased a new position in shares of PJT Partners in the 4th quarter worth $220,000. Voya Investment Management LLC grew its stake in shares of PJT Partners by 11.2% in the 4th quarter. Voya Investment Management LLC now owns 13,293 shares of the financial services provider's stock worth $2,098,000 after buying an additional 1,335 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of PJT Partners by 13.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,727 shares of the financial services provider's stock worth $2,640,000 after buying an additional 1,964 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in shares of PJT Partners in the 4th quarter worth $328,000. Finally, Hsbc Holdings PLC boosted its stake in shares of PJT Partners by 72.5% during the 4th quarter. Hsbc Holdings PLC now owns 15,004 shares of the financial services provider's stock worth $2,385,000 after purchasing an additional 6,304 shares during the period. Institutional investors own 89.23% of the company's stock.

PJT Partners Price Performance

Shares of PJT opened at $135.76 on Tuesday. PJT Partners Inc. has a 1-year low of $93.07 and a 1-year high of $190.28. The company has a 50-day moving average of $140.77 and a 200 day moving average of $152.64. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 27.71 and a beta of 0.77.

PJT Partners (NYSE:PJT - Get Free Report) 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 business had revenue of $477.30 million during the quarter, compared to analyst estimates of $384.64 million. During the same quarter in the previous year, the business posted $0.96 EPS. The company's quarterly revenue was up 45.3% compared to the same quarter last year. On average, equities analysts anticipate that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.74%. PJT Partners's dividend payout ratio is currently 20.41%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PJT. Citizens Jmp cut shares of PJT Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 13th. JMP Securities cut shares of PJT Partners from an "outperform" rating to a "market perform" rating in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods lifted 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 note on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, PJT Partners presently has a consensus rating of "Hold" and a consensus price target of $158.50.

PJT Partners Company 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.

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