PJT Partners Inc. (NYSE:PJT) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its holdings in PJT Partners Inc. (NYSE:PJT) by 11.5% in the 4th quarter, HoldingsChannel reports. The fund owned 12,546 shares of the financial services provider’s stock after selling 1,624 shares during the quarter. American Century Companies Inc.’s holdings in PJT Partners were worth $1,980,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Principal Securities Inc. increased its holdings in shares of PJT Partners by 385.4% in the 4th 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 grew its position in PJT Partners by 186.3% during the third quarter. Quarry LP now owns 209 shares of the financial services provider’s stock worth $28,000 after buying an additional 136 shares during the period. GAMMA Investing LLC increased its holdings in 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 in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of 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 valued at $82,000 after acquiring an additional 176 shares during the period. Finally, KBC Group NV boosted its stake in shares of 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 acquiring an additional 204 shares in the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Stock Performance

PJT Partners stock opened at $125.37 on Wednesday. PJT Partners Inc. has a fifty-two week low of $90.95 and a fifty-two week high of $190.28. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 25.59 and a beta of 0.77. The stock has a fifty day moving average of $153.16 and a two-hundred day moving average of $153.11.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 45.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. On average, analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.00 annualized dividend and a yield of 0.80%. PJT Partners’s dividend payout ratio (DPR) is presently 20.41%.

Analysts Set New Price Targets

PJT has been the subject of several research reports. JMP Securities cut PJT Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 13th. Keefe, Bruyette & Woods lifted their price target on 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, Citizens Jmp cut shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.