PJT Partners Inc. (NYSE:PJT) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in PJT Partners Inc. (NYSE:PJT) by 2.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 64,256 shares of the financial services provider’s stock after selling 1,935 shares during the period. Rhumbline Advisers’ holdings in PJT Partners were worth $10,140,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp grew its position in shares of PJT Partners by 5.7% in the third quarter. State Street Corp now owns 1,001,911 shares of the financial services provider’s stock valued at $133,595,000 after purchasing an additional 54,071 shares during the period. Geode Capital Management LLC boosted its stake in PJT Partners by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider’s stock worth $82,556,000 after buying an additional 45,327 shares during the last quarter. Champlain Investment Partners LLC grew its holdings in PJT Partners by 7.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 594,359 shares of the financial services provider’s stock valued at $79,252,000 after buying an additional 41,119 shares during the period. FMR LLC grew its holdings in PJT Partners by 10.9% in the 3rd quarter. FMR LLC now owns 417,271 shares of the financial services provider’s stock valued at $55,639,000 after buying an additional 41,007 shares during the period. Finally, Congress Asset Management Co. lifted its holdings in shares of PJT Partners by 29.6% during the 3rd quarter. Congress Asset Management Co. now owns 317,974 shares of the financial services provider’s stock worth $42,399,000 after acquiring an additional 72,582 shares during the period. 89.23% of the stock is currently owned by institutional investors and hedge funds.

PJT Partners Stock Down 2.2 %

Shares of PJT stock opened at $159.47 on Tuesday. PJT Partners Inc. has a fifty-two week low of $88.51 and a fifty-two week high of $190.27. The firm’s 50 day moving average price is $163.25 and its two-hundred day moving average price is $148.92. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 32.54 and a beta of 0.67.

PJT Partners (NYSE:PJT) last posted its earnings results 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. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The business had revenue of $477.30 million for the quarter, compared to analyst estimates of $384.64 million. During the same quarter in the previous year, the business posted $0.96 EPS. The business’s quarterly revenue was up 45.3% on a year-over-year basis. On average, equities analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Wednesday, March 5th. PJT Partners’s payout ratio is 20.41%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PJT shares. UBS Group upgraded shares of PJT Partners from a “sell” rating to a “neutral” rating and boosted their target price for the company from $130.00 to $175.00 in a report on Friday, December 6th. Keefe, Bruyette & Woods boosted their price objective on shares of 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 downgraded PJT Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 13th. Finally, Citizens Jmp cut PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.