Tidal Investments LLC Takes Position in PJT Partners Inc. (NYSE:PJT)

Tidal Investments LLC bought a new position in PJT Partners Inc. (NYSE:PJT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 127,107 shares of the financial services provider's stock, valued at approximately $20,059,000. Tidal Investments LLC owned approximately 0.54% of PJT Partners as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PJT. Principal Securities Inc. lifted its position in PJT Partners by 385.4% during the fourth 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. CIBC Private Wealth Group LLC lifted its position in PJT Partners by 112.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 146 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of PJT Partners by 51.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider's stock worth $82,000 after acquiring an additional 176 shares during the last quarter. KBC Group NV lifted its holdings in shares of PJT Partners by 25.4% in the 4th quarter. KBC Group NV now owns 1,007 shares of the financial services provider's stock worth $159,000 after acquiring an additional 204 shares during the last quarter. Finally, Seneca House Advisors bought a new stake in shares of PJT Partners in the 4th quarter worth approximately $202,000. 89.23% of the stock is currently owned by institutional investors.

PJT Partners Price Performance

PJT Partners stock traded down $1.45 during mid-day trading on Friday, reaching $146.38. 218,409 shares of the company traded hands, compared to its average volume of 245,552. PJT Partners Inc. has a 52-week low of $99.77 and a 52-week high of $190.28. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 29.87 and a beta of 0.76. The firm's 50 day moving average price is $139.08 and its 200 day moving average price is $152.92.

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

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Wednesday, June 4th. PJT Partners's dividend payout ratio (DPR) is presently 17.64%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their target price on shares of PJT Partners from $152.00 to $161.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $154.50.

Insider Activity

In related news, General Counsel David Adam Travin sold 5,000 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $141.74, for a total value of $708,700.00. Following the transaction, the general counsel now owns 2,288 shares in the company, valued at $324,301.12. The trade was a 68.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 11.75% 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.