Harvest Fund Management Co. Ltd Purchases Shares of 1,564 PJT Partners Inc. (NYSE:PJT)

Harvest Fund Management Co. Ltd purchased a new stake in PJT Partners Inc. (NYSE:PJT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,564 shares of the financial services provider’s stock, valued at approximately $247,000.

Other hedge funds have also recently bought and sold shares of the company. Principal Securities Inc. grew its stake in PJT Partners by 385.4% in the fourth quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 158 shares in the last quarter. Quarry LP lifted its position in shares of PJT Partners by 186.3% in the third quarter. Quarry LP now owns 209 shares of the financial services provider’s stock valued at $28,000 after buying an additional 136 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of PJT Partners by 32.3% in the fourth quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock valued at $70,000 after buying an additional 109 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of PJT Partners by 51.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider’s stock valued at $82,000 after buying an additional 176 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of PJT Partners by 113.0% in the third quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock valued at $107,000 after buying an additional 426 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors.

PJT Partners Price Performance

Shares of NYSE PJT opened at $144.08 on Friday. The stock has a market capitalization of $3.36 billion, a PE ratio of 29.40 and a beta of 0.68. The business has a fifty day moving average price of $159.59 and a two-hundred day moving average price of $151.77. PJT Partners Inc. has a fifty-two week low of $88.51 and a fifty-two week high of $190.28.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.71. The firm had revenue of $477.30 million during the quarter, compared to analysts’ expectations of $384.64 million. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The company’s quarterly revenue was up 45.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. On average, equities analysts expect that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.25 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.69%. PJT Partners’s payout ratio is 20.41%.

Analysts Set New Price Targets

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

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.