PJT Partners Inc. (NYSE:PJT) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in PJT Partners Inc. (NYSE:PJT - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 252,121 shares of the financial services provider's stock after selling 16,779 shares during the period. Bank of New York Mellon Corp owned approximately 1.06% of PJT Partners worth $39,787,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sanctuary Advisors LLC raised its stake in shares of PJT Partners by 2.9% in the 4th quarter. Sanctuary Advisors LLC now owns 2,274 shares of the financial services provider's stock valued at $375,000 after acquiring an additional 65 shares during the period. Captrust Financial Advisors increased its holdings in PJT Partners by 2.2% in the 3rd quarter. Captrust Financial Advisors now owns 3,149 shares of the financial services provider's stock valued at $420,000 after purchasing an additional 67 shares during the last quarter. M&T Bank Corp raised its holdings in shares of PJT Partners by 3.5% in the 3rd quarter. M&T Bank Corp now owns 2,220 shares of the financial services provider's stock valued at $296,000 after buying an additional 75 shares during the period. New York State Teachers Retirement System boosted its holdings in PJT Partners by 0.9% during the 3rd quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider's stock valued at $1,425,000 after acquiring an additional 100 shares during the period. Finally, GAMMA Investing LLC grew its position in 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 in the last quarter. Institutional investors and hedge funds own 89.23% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PJT shares. JMP Securities downgraded shares of PJT Partners from an "outperform" rating to a "market perform" rating in a research note on Monday, January 13th. UBS Group upgraded PJT Partners from a "sell" rating to a "neutral" rating and increased their price objective for the company from $130.00 to $175.00 in a research note on Friday, December 6th. Citizens Jmp lowered PJT Partners from a "strong-buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods upped their price target on PJT Partners from $152.00 to $177.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $158.50.

PJT Partners Stock Performance

NYSE PJT traded down $3.07 during trading on Monday, reaching $145.99. 458,657 shares of the company's stock were exchanged, compared to its average volume of 227,403. The company has a 50 day moving average price of $162.58 and a two-hundred day moving average price of $150.90. The stock has a market cap of $3.40 billion, a P/E ratio of 29.79 and a beta of 0.68. PJT Partners Inc. has a 1 year low of $88.51 and a 1 year high of $190.28.

PJT Partners (NYSE:PJT - Get Free Report) last issued its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $384.64 million. During the same quarter in the prior year, the business posted $0.96 EPS. The company's revenue for the quarter was up 45.3% on a year-over-year basis. Research analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.68%. PJT Partners's dividend payout ratio (DPR) is presently 20.41%.

PJT Partners Company 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.