Orion Portfolio Solutions LLC trimmed its position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 10.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,642 shares of the financial services provider's stock after selling 3,246 shares during the quarter. Orion Portfolio Solutions LLC owned 0.12% of PJT Partners worth $4,520,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of PJT Partners by 91.4% in the 3rd 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 during the period. Geode Capital Management LLC boosted its stake in shares of PJT Partners by 7.9% during the third quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider's stock valued at $82,556,000 after acquiring an additional 45,327 shares during the last quarter. Citigroup Inc. grew its holdings in shares of PJT Partners by 101.1% during the third quarter. Citigroup Inc. now owns 30,103 shares of the financial services provider's stock worth $4,014,000 after buying an additional 15,135 shares in the last quarter. State Street Corp raised its holdings in PJT Partners by 5.7% in the 3rd quarter. State Street Corp now owns 1,001,911 shares of the financial services provider's stock valued at $133,595,000 after acquiring an additional 54,071 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in PJT Partners by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 139,934 shares of the financial services provider's stock worth $22,083,000 after buying an additional 5,644 shares during the period. Institutional investors and hedge funds own 89.23% of the company's stock.
PJT Partners Price Performance
PJT stock traded down $7.61 on Thursday, reaching $134.13. 162,722 shares of the company were exchanged, compared to its average volume of 235,447. PJT Partners Inc. has a 12 month low of $90.95 and a 12 month high of $190.28. The firm has a market capitalization of $3.12 billion, a PE ratio of 27.29 and a beta of 0.68. The stock's fifty day moving average price is $156.81 and its 200 day moving average price is $153.29.
PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.71. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The firm had revenue of $477.30 million during the quarter, compared to analyst estimates of $384.64 million. During the same period last year, the company earned $0.96 earnings per share. The company's revenue was up 45.3% on a year-over-year basis. As a group, research analysts expect that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.
PJT Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.25 per share. 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%.
Analyst Ratings Changes
Several equities analysts recently weighed in on PJT shares. Keefe, Bruyette & Woods lifted their target price on shares of PJT Partners from $152.00 to $177.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Citizens Jmp downgraded shares of PJT Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 13th. UBS Group upgraded 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. Finally, JMP Securities downgraded 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 MarketBeat, PJT Partners currently has an average rating of "Hold" and a consensus target price of $158.50.
Check Out Our Latest Report on PJT Partners
PJT Partners Profile
(
Free Report)
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.
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