Klingman & Associates LLC Sells 29,950 Shares of PJT Partners Inc. (NYSE:PJT)

Klingman & Associates LLC decreased its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 39.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,852 shares of the financial services provider's stock after selling 29,950 shares during the quarter. Klingman & Associates LLC owned 0.20% of PJT Partners worth $7,394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Quarry LP boosted its holdings in shares of PJT Partners by 186.3% during the 3rd quarter. Quarry LP now owns 209 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 136 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of PJT Partners by 385.4% during the fourth quarter. Principal Securities Inc. now owns 199 shares of the financial services provider's stock worth $31,000 after purchasing an additional 158 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of PJT Partners by 32.3% during the fourth quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider's stock worth $70,000 after purchasing an additional 109 shares during the last quarter. KBC Group NV increased its stake in shares of PJT Partners by 113.0% in the third quarter. KBC Group NV now owns 803 shares of the financial services provider's stock valued at $107,000 after buying an additional 426 shares during the period. Finally, Seneca House Advisors bought a new position in PJT Partners in the 4th quarter valued at approximately $202,000. Institutional investors own 89.23% of the company's stock.

PJT Partners Price Performance

NYSE PJT traded down $3.24 during mid-day trading on Friday, reaching $162.87. 199,173 shares of the stock were exchanged, compared to its average volume of 255,243. The stock has a market cap of $3.86 billion, a P/E ratio of 33.24 and a beta of 0.67. PJT Partners Inc. has a one year low of $88.51 and a one year high of $190.27. The stock has a 50 day simple moving average of $163.34 and a 200-day simple moving average of $148.25.

PJT Partners (NYSE:PJT - Get Free Report) last announced its 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 company 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 firm's revenue for the quarter was up 45.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 EPS. Sell-side analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Wednesday, March 5th. PJT Partners's dividend payout ratio is presently 20.41%.

Wall Street Analysts Forecast Growth

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

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.