Champlain Investment Partners LLC Sells 29,203 Shares of PJT Partners Inc. (NYSE:PJT)

Champlain Investment Partners LLC cut its position in PJT Partners Inc. (NYSE:PJT - Free Report) by 4.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 565,156 shares of the financial services provider's stock after selling 29,203 shares during the quarter. Champlain Investment Partners LLC owned about 2.38% of PJT Partners worth $89,187,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of PJT Partners by 91.4% in the third quarter. JPMorgan Chase & Co. now owns 72,270 shares of the financial services provider's stock valued at $9,636,000 after acquiring an additional 34,514 shares in the last quarter. Geode Capital Management LLC grew its position in shares of PJT Partners by 7.9% during 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 in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of PJT Partners by 53.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,769 shares of the financial services provider's stock worth $910,000 after purchasing an additional 2,012 shares during the period. Norges Bank bought a new position in shares of PJT Partners during the fourth quarter worth approximately $20,269,000. Finally, Principal Financial Group Inc. raised its position in shares of PJT Partners by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 139,934 shares of the financial services provider's stock valued at $22,083,000 after buying an additional 5,644 shares in the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Stock Up 3.2 %

PJT Partners stock traded up $4.03 during trading hours on Tuesday, hitting $131.02. The stock had a trading volume of 43,387 shares, compared to its average volume of 243,885. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 26.73 and a beta of 0.77. The business's 50 day simple moving average is $145.02 and its 200-day simple moving average is $152.88. PJT Partners Inc. has a one year low of $92.12 and a one year high of $190.28.

PJT Partners (NYSE:PJT - Get Free Report) last posted its 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. 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 the consensus estimate of $384.64 million. During the same period last year, the company earned $0.96 EPS. The firm's revenue was up 45.3% compared to the same quarter last year. Research analysts anticipate 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 was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, March 5th. PJT Partners's payout ratio is presently 20.41%.

Analyst Upgrades and Downgrades

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