Grandeur Peak Global Advisors LLC Lowers Stock Position in PJT Partners Inc. (NYSE:PJT)

Grandeur Peak Global Advisors LLC reduced its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 73.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,007 shares of the financial services provider's stock after selling 98,163 shares during the period. Grandeur Peak Global Advisors LLC owned 0.15% of PJT Partners worth $5,682,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in PJT Partners in the fourth quarter worth about $89,192,000. FMR LLC boosted its stake in PJT Partners by 52.8% during the 4th quarter. FMR LLC now owns 637,797 shares of the financial services provider's stock valued at $100,651,000 after purchasing an additional 220,526 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of PJT Partners by 658.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 181,406 shares of the financial services provider's stock worth $28,628,000 after purchasing an additional 157,483 shares in the last quarter. Norges Bank bought a new position in shares of PJT Partners during the fourth quarter valued at $20,269,000. Finally, Vanguard Group Inc. lifted its holdings in shares of PJT Partners by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 2,515,600 shares of the financial services provider's stock valued at $396,987,000 after purchasing an additional 127,060 shares in the last quarter. Hedge funds and other institutional investors own 89.23% of the company's stock.

PJT Partners Trading Up 1.5 %

PJT traded up $1.99 on Thursday, hitting $130.68. 124,490 shares of the company's stock traded hands, compared to its average volume of 244,085. The company's 50 day simple moving average is $147.70 and its 200-day simple moving average is $152.73. PJT Partners Inc. has a one year low of $90.95 and a one year high of $190.28. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 26.66 and a beta of 0.77.

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

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.00 annualized dividend and a yield of 0.77%. PJT Partners's dividend payout ratio is currently 20.41%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. JMP Securities lowered shares of PJT Partners from an "outperform" rating to a "market perform" rating in a research note on Monday, January 13th. Keefe, Bruyette & Woods boosted their target price on shares of PJT Partners from $152.00 to $177.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. Finally, Citizens Jmp cut PJT Partners from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price 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.