First Trust Advisors LP Reduces Stake in PJT Partners Inc. (NYSE:PJT)

First Trust Advisors LP cut its stake in shares of PJT Partners Inc. (NYSE:PJT) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,145 shares of the financial services provider’s stock after selling 2,779 shares during the period. First Trust Advisors LP owned about 0.29% of PJT Partners worth $10,912,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PJT. Sanctuary Advisors LLC grew its holdings in PJT Partners by 2.9% during the 4th quarter. Sanctuary Advisors LLC now owns 2,274 shares of the financial services provider’s stock valued at $375,000 after buying an additional 65 shares in the last quarter. GAMMA Investing LLC lifted its position in PJT Partners by 32.3% in the fourth quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock worth $70,000 after buying an additional 109 shares during the last quarter. Xponance Inc. lifted its position in PJT Partners by 7.4% in the fourth quarter. Xponance Inc. now owns 1,659 shares of the financial services provider’s stock worth $262,000 after buying an additional 115 shares during the last quarter. Atria Investments Inc grew its holdings in shares of PJT Partners by 5.0% in the fourth quarter. Atria Investments Inc now owns 2,692 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 129 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in shares of PJT Partners by 112.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 146 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. PJT Partners Inc. has a 52 week low of $93.07 and a 52 week high of $190.28. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 27.71 and a beta of 0.77. The stock has a 50-day moving average price of $140.77 and a 200 day moving average price of $152.64.

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

PJT Partners Dividend Announcement

The business also recently declared 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 yield of 0.74%. The ex-dividend date of this dividend was Wednesday, March 5th. PJT Partners’s payout ratio is presently 20.41%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods raised their price target on PJT Partners from $152.00 to $177.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. JMP Securities lowered PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. Finally, Citizens Jmp lowered PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the stock 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.