Sei Investments Co. Has $1.28 Million Stock Holdings in PJT Partners Inc. (NYSE:PJT)

Sei Investments Co. trimmed its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 4.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,125 shares of the financial services provider’s stock after selling 341 shares during the quarter. Sei Investments Co.’s holdings in PJT Partners were worth $1,282,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PJT. State Street Corp raised its holdings in shares of PJT Partners by 5.7% during the third quarter. State Street Corp now owns 1,001,911 shares of the financial services provider’s stock worth $133,595,000 after acquiring 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 purchasing an additional 45,327 shares during the period. Raymond James Financial Inc. bought a new position in PJT Partners during the 4th quarter worth about $89,192,000. Congress Asset Management Co. raised its stake in shares of PJT Partners by 27.6% in the 4th quarter. Congress Asset Management Co. now owns 405,681 shares of the financial services provider’s stock valued at $64,021,000 after purchasing an additional 87,707 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of PJT Partners by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 255,263 shares of the financial services provider’s stock valued at $40,283,000 after purchasing an additional 3,173 shares in the last quarter. 89.23% of the stock is currently owned by institutional investors and hedge funds.

PJT Partners Stock Performance

Shares of NYSE:PJT opened at $126.01 on Monday. The company has a 50-day simple moving average of $155.44 and a 200 day simple moving average of $153.45. The company has a market capitalization of $2.94 billion, a P/E ratio of 25.72 and a beta of 0.77. PJT Partners Inc. has a 52-week low of $90.95 and a 52-week high of $190.28.

PJT Partners (NYSE:PJT) last released its quarterly earnings data 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 analysts’ expectations of $384.64 million. During the same period last year, the firm posted $0.96 earnings per share. The business’s revenue was up 45.3% on a year-over-year basis. As a group, equities analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Wednesday, March 5th. PJT Partners’s payout ratio is 20.41%.

Analyst Ratings Changes

A number of research analysts recently issued reports on PJT shares. Citizens Jmp downgraded PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Keefe, Bruyette & Woods raised their price target on shares of PJT Partners from $152.00 to $177.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. Finally, JMP Securities downgraded shares of PJT Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, PJT Partners currently has a consensus rating of “Hold” and an average price target 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.