PJT Partners Inc. (NYSE:PJT) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its stake in PJT Partners Inc. (NYSE:PJT - Free Report) by 35.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,440 shares of the financial services provider's stock after selling 9,000 shares during the period. Gamco Investors INC. ET AL owned about 0.07% of PJT Partners worth $2,594,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in PJT Partners in the fourth quarter valued at $248,000. Barclays PLC lifted its position in PJT Partners by 16.6% in the fourth quarter. Barclays PLC now owns 60,703 shares of the financial services provider's stock valued at $9,578,000 after acquiring an additional 8,658 shares during the last quarter. Advisors Capital Management LLC lifted its position in PJT Partners by 0.4% in the fourth quarter. Advisors Capital Management LLC now owns 69,620 shares of the financial services provider's stock valued at $10,987,000 after acquiring an additional 298 shares during the last quarter. Townsquare Capital LLC lifted its position in PJT Partners by 47.5% in the fourth quarter. Townsquare Capital LLC now owns 40,929 shares of the financial services provider's stock valued at $6,459,000 after acquiring an additional 13,186 shares during the last quarter. Finally, F M Investments LLC purchased a new stake in shares of PJT Partners in the fourth quarter valued at about $3,507,000. 89.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PJT shares. Citizens Jmp lowered PJT Partners from a "strong-buy" rating to a "hold" rating in a report on Monday, January 13th. JMP Securities downgraded PJT Partners from an "outperform" rating to a "market perform" rating in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods lifted their target price on PJT Partners from $152.00 to $177.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, PJT Partners has a consensus rating of "Hold" and a consensus price target of $158.50.

PJT Partners Trading Up 2.2 %

Shares of PJT traded up $2.82 during mid-day trading on Wednesday, hitting $133.98. The company's stock had a trading volume of 66,508 shares, compared to its average volume of 303,621. The firm has a 50-day simple moving average of $144.13 and a 200 day simple moving average of $152.73. The firm has a market capitalization of $3.12 billion, a P/E ratio of 27.34 and a beta of 0.77. PJT Partners Inc. has a 1-year low of $93.07 and a 1-year high of $190.27.

PJT Partners (NYSE:PJT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.19 by $0.71. The business 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 company's quarterly revenue was up 45.3% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. As a group, sell-side analysts predict that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.75%. PJT Partners's dividend payout ratio is currently 20.41%.

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.