Barclays PLC Has $9.58 Million Holdings in PJT Partners Inc. (NYSE:PJT)

Barclays PLC grew its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 16.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,703 shares of the financial services provider's stock after acquiring an additional 8,658 shares during the period. Barclays PLC owned about 0.26% of PJT Partners worth $9,578,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PJT. Stifel Financial Corp lifted its stake in shares of PJT Partners by 23.7% in the third quarter. Stifel Financial Corp now owns 7,249 shares of the financial services provider's stock worth $967,000 after acquiring an additional 1,387 shares in the last quarter. Virtu Financial LLC bought a new position in shares of PJT Partners during the third quarter valued at approximately $631,000. JPMorgan Chase & Co. grew its holdings in PJT Partners by 91.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,270 shares of the financial services provider's stock worth $9,636,000 after buying an additional 34,514 shares in the last quarter. GAMMA Investing LLC increased its position in PJT Partners by 32.3% in the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 109 shares during the period. Finally, Ellsworth Advisors LLC increased its position in PJT Partners by 3.8% in the 4th quarter. Ellsworth Advisors LLC now owns 5,647 shares of the financial services provider's stock valued at $891,000 after acquiring an additional 205 shares during the period. Institutional investors and hedge funds own 89.23% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PJT shares. Citizens Jmp cut PJT Partners from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 13th. JMP Securities cut 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 PJT Partners from $152.00 to $177.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $158.50.

PJT Partners Stock Up 0.8 %

Shares of PJT stock traded up $1.09 during trading hours on Monday, reaching $135.76. 444,417 shares of the company's stock were exchanged, compared to its average volume of 244,936. The stock has a market capitalization of $3.16 billion, a P/E ratio of 27.71 and a beta of 0.77. PJT Partners Inc. has a fifty-two week low of $93.07 and a fifty-two week high of $190.28. The business has a fifty day moving average price of $140.77 and a 200-day moving average price of $152.64.

PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.19 by $0.71. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The firm had revenue of $477.30 million for the quarter, compared to analysts' expectations of $384.64 million. During the same period in the prior year, the business posted $0.96 earnings per share. The business's revenue was up 45.3% compared to the same quarter last year. As a group, research analysts expect that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Wednesday, March 5th. PJT Partners's dividend payout ratio is presently 20.41%.

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.