Lighthouse Investment Partners LLC Makes New Investment in PJT Partners Inc. (NYSE:PJT)

Lighthouse Investment Partners LLC acquired a new stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,648 shares of the financial services provider's stock, valued at approximately $4,205,000. Lighthouse Investment Partners LLC owned about 0.11% of PJT Partners at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PJT. Vanguard Group Inc. increased its holdings in PJT Partners by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 2,515,600 shares of the financial services provider's stock valued at $396,987,000 after acquiring an additional 127,060 shares during the last quarter. FMR LLC grew its position in shares of PJT Partners by 52.8% during the fourth 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 in the last quarter. Geode Capital Management LLC grew its position in shares of PJT Partners by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 635,270 shares of the financial services provider's stock valued at $100,273,000 after purchasing an additional 16,233 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of PJT Partners in the fourth quarter worth about $89,192,000. Finally, Alliancebernstein L.P. lifted its position in shares of PJT Partners by 9.8% in the fourth quarter. Alliancebernstein L.P. now owns 474,710 shares of the financial services provider's stock worth $74,914,000 after buying an additional 42,463 shares in the last quarter. Hedge funds and other institutional investors own 89.23% of the company's stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price objective on PJT Partners from $152.00 to $161.00 and gave the stock a "market perform" rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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 transaction of $708,700.00. Following the transaction, the general counsel now directly owns 2,288 shares in the company, valued at approximately $324,301.12. This represents a 68.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 11.75% of the company's stock.

PJT Partners Price Performance

Shares of NYSE PJT traded up $3.39 during mid-day trading on Friday, hitting $150.67. 280,077 shares of the company's stock traded hands, compared to its average volume of 244,639. PJT Partners Inc. has a 1 year low of $99.42 and a 1 year high of $190.28. The company's 50-day moving average is $138.21 and its two-hundred day moving average is $152.60. The company has a market capitalization of $3.51 billion, a P/E ratio of 30.75 and a beta of 0.76.

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

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Wednesday, June 4th. PJT Partners's dividend payout ratio (DPR) is 17.64%.

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.