PJT Partners Inc. (NYSE:PJT) Stock Holdings Lifted by MetLife Investment Management LLC

MetLife Investment Management LLC boosted its position in shares of PJT Partners Inc. (NYSE:PJT) by 1.6% during the 4th quarter, HoldingsChannel reports. The firm owned 13,827 shares of the financial services provider’s stock after buying an additional 213 shares during the quarter. MetLife Investment Management LLC’s holdings in PJT Partners were worth $2,182,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. grew its position in PJT Partners by 385.4% during the 4th quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 158 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in PJT Partners by 112.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 146 shares in the last quarter. GAMMA Investing LLC grew its position in PJT Partners by 32.3% during the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 109 shares in the last quarter. PNC Financial Services Group Inc. grew its position in PJT Partners by 51.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 176 shares in the last quarter. Finally, KBC Group NV grew its position in PJT Partners by 25.4% during the 4th quarter. KBC Group NV now owns 1,007 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 204 shares in the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

PJT Partners Stock Up 0.8 %

PJT Partners stock opened at $135.76 on Tuesday. The stock has a market cap of $3.16 billion, a P/E ratio of 27.71 and a beta of 0.77. PJT Partners Inc. has a 12 month low of $93.07 and a 12 month high of $190.28. The company’s fifty day simple moving average is $140.77 and its 200-day simple moving average is $152.64.

PJT Partners (NYSE:PJT) last posted its 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 firm had revenue of $477.30 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 earnings per share. On average, equities research analysts expect 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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.74%. The ex-dividend date was Wednesday, March 5th. PJT Partners’s payout ratio is 20.41%.

Analyst Ratings Changes

Several equities analysts have weighed in on PJT shares. JMP Securities cut shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Citizens Jmp cut shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of PJT Partners from $152.00 to $177.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $158.50.

About PJT Partners

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.