Loomis Sayles & Co. L P Has $67.60 Million Stock Position in PJT Partners Inc. (NYSE:PJT)

Loomis Sayles & Co. L P decreased its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 13.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 428,365 shares of the financial services provider's stock after selling 64,444 shares during the period. Loomis Sayles & Co. L P owned approximately 1.81% of PJT Partners worth $67,600,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP increased its holdings in shares of PJT Partners by 186.3% in the 3rd quarter. Quarry LP now owns 209 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 136 shares in the last quarter. Principal Securities Inc. boosted its position in 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 in the last quarter. GAMMA Investing LLC grew its holdings in PJT Partners by 32.3% in the fourth quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 109 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of PJT Partners by 51.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider's stock valued at $82,000 after buying an additional 176 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of PJT Partners by 25.4% in the 4th quarter. KBC Group NV now owns 1,007 shares of the financial services provider's stock worth $159,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds own 89.23% of the company's stock.

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Wall Street Analyst Weigh In

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

PJT Partners Stock Performance

Shares of NYSE:PJT traded up $0.33 during trading hours on Monday, hitting $136.30. The stock had a trading volume of 48,967 shares, compared to its average volume of 234,684. PJT Partners Inc. has a 1-year low of $90.95 and a 1-year high of $190.28. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 27.82 and a beta of 0.68. The stock's fifty day simple moving average is $158.16 and its 200 day simple moving average is $153.13.

PJT Partners (NYSE:PJT - Get Free Report) last released its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.71. The firm had revenue of $477.30 million during the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $0.96 earnings per share. As a group, research analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Wednesday, March 5th. This represents a $1.00 annualized dividend and a yield of 0.73%. PJT Partners's payout ratio is presently 20.41%.

About PJT Partners

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.