Cambridge Investment Research Advisors Inc. Buys Shares of 10,689 PJT Partners Inc. (NYSE:PJT)

Cambridge Investment Research Advisors Inc. bought a new position in shares of PJT Partners Inc. (NYSE:PJT – Get Rating) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 10,689 shares of the financial services provider’s stock, valued at approximately $788,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PJT. Prudential Financial Inc. grew its holdings in PJT Partners by 4.1% during the second quarter. Prudential Financial Inc. now owns 3,853 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 150 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in PJT Partners by 5.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,124 shares of the financial services provider’s stock worth $230,000 after buying an additional 163 shares during the period. Victory Capital Management Inc. lifted its holdings in PJT Partners by 3.1% during the third quarter. Victory Capital Management Inc. now owns 5,849 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 176 shares in the last quarter. Petrus Trust Company LTA grew its stake in PJT Partners by 6.0% in the third quarter. Petrus Trust Company LTA now owns 3,720 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 209 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of PJT Partners by 3.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 7,090 shares of the financial services provider’s stock worth $498,000 after acquiring an additional 230 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

PJT Partners Price Performance

PJT stock opened at $65.15 on Monday. The stock has a market capitalization of $1.62 billion, a P/E ratio of 20.49 and a beta of 0.78. PJT Partners Inc. has a fifty-two week low of $59.61 and a fifty-two week high of $83.17. The business has a 50-day moving average of $69.96 and a 200-day moving average of $74.72.

PJT Partners (NYSE:PJT – Get Rating) last announced its earnings results on Tuesday, May 2nd. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.21). PJT Partners had a return on equity of 17.00% and a net margin of 8.39%. The business had revenue of $200.00 million for the quarter, compared to analyst estimates of $228.56 million. During the same quarter in the previous year, the company posted $1.00 EPS. The business’s revenue for the quarter was down 18.8% compared to the same quarter last year. Equities analysts expect that PJT Partners Inc. will post 3.2 EPS for the current year.

PJT Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, June 6th. PJT Partners’s dividend payout ratio is currently 31.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JMP Securities lifted their price objective on PJT Partners from $86.00 to $88.00 and gave the company a “market outperform” rating in a report on Monday, April 10th. StockNews.com initiated coverage on shares of PJT Partners in a report on Thursday. They issued a “hold” rating for the company.

About PJT Partners

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PJT Partners, Inc is a holding company, which engages in the provision of advisory-investment solutions. It specializes in strategic advisory, shareholder engagement, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments.