15,876 Shares in PJT Partners Inc. (NYSE:PJT) Acquired by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC purchased a new position in PJT Partners Inc. (NYSE:PJT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,876 shares of the financial services provider’s stock, valued at approximately $2,505,000. Independent Solutions Wealth Management LLC owned 0.07% of PJT Partners at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PJT. Teacher Retirement System of Texas increased its stake in shares of PJT Partners by 274.0% in the fourth quarter. Teacher Retirement System of Texas now owns 29,602 shares of the financial services provider’s stock worth $4,671,000 after buying an additional 21,688 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in PJT Partners in the 4th quarter worth $247,000. Xponance Inc. increased its position in shares of PJT Partners by 7.4% in the fourth quarter. Xponance Inc. now owns 1,659 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 115 shares during the period. Cibc World Markets Corp bought a new position in shares of PJT Partners during the fourth quarter valued at about $344,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of PJT Partners during the fourth quarter worth about $239,000. Institutional investors own 89.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PJT. JMP Securities lowered PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Keefe, Bruyette & Woods upped their target price on PJT Partners from $152.00 to $177.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. UBS Group raised PJT Partners from a “sell” rating to a “neutral” rating and raised their price target for the stock from $130.00 to $175.00 in a research note on Friday, December 6th. Finally, Citizens Jmp downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $158.50.

PJT Partners Stock Performance

Shares of PJT stock opened at $142.39 on Friday. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 29.06 and a beta of 0.68. PJT Partners Inc. has a one year low of $88.51 and a one year high of $190.28. The company’s 50-day moving average is $159.80 and its 200 day moving average is $151.63.

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

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Wednesday, March 5th. PJT Partners’s payout ratio is 20.41%.

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.