PJT Partners Inc. (NYSE:PJT) Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its holdings in PJT Partners Inc. (NYSE:PJT) by 3.9% during the 4th quarter, HoldingsChannel.com reports. 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’s holdings in PJT Partners were worth $10,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Sanctuary Advisors LLC lifted its stake in shares of PJT Partners by 2.9% in the fourth quarter. Sanctuary Advisors LLC now owns 2,274 shares of the financial services provider’s stock worth $375,000 after buying an additional 65 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of PJT Partners by 32.3% in the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 109 shares during the period. Xponance Inc. raised its stake in shares of PJT Partners by 7.4% in the 4th quarter. Xponance Inc. now owns 1,659 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 115 shares during the period. 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 valued at $425,000 after purchasing an additional 129 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of PJT Partners by 112.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 146 shares in the last quarter. 89.23% of the stock is owned by hedge funds and other institutional investors.

PJT Partners Trading Up 0.8 %

Shares of PJT opened at $135.76 on Tuesday. PJT Partners Inc. has a twelve month low of $93.07 and a twelve month high of $190.28. The stock’s 50 day moving average is $140.77 and its two-hundred day moving average is $152.64. The firm has a market capitalization of $3.16 billion, a PE ratio of 27.71 and a beta of 0.77.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.19 by $0.71. The business had revenue of $477.30 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 EPS. On average, sell-side analysts predict that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The business also recently disclosed 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 was Wednesday, March 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.74%. PJT Partners’s dividend payout ratio is currently 20.41%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PJT shares. JMP Securities cut shares of PJT Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 13th. Keefe, Bruyette & Woods upped their target price on shares of PJT Partners from $152.00 to $177.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. Finally, Citizens Jmp lowered 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 MarketBeat, the company presently has an average 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.