PJT Partners Inc. (NYSE:PJT) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 64.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,833 shares of the financial services provider's stock after selling 46,437 shares during the quarter. JPMorgan Chase & Co. owned about 0.11% of PJT Partners worth $4,077,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Prudential Financial Inc. grew its stake in PJT Partners by 4.5% during the 4th quarter. Prudential Financial Inc. now owns 34,099 shares of the financial services provider's stock worth $5,381,000 after buying an additional 1,458 shares during the last quarter. Congress Wealth Management LLC DE boosted its holdings in shares of PJT Partners by 21.7% in the fourth quarter. Congress Wealth Management LLC DE now owns 66,562 shares of the financial services provider's stock valued at $10,504,000 after acquiring an additional 11,860 shares during the period. Vanguard Group Inc. grew its position in shares of PJT Partners by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 2,515,600 shares of the financial services provider's stock worth $396,987,000 after acquiring an additional 127,060 shares during the last quarter. LPL Financial LLC increased its holdings in shares of PJT Partners by 11.6% in the 4th quarter. LPL Financial LLC now owns 11,601 shares of the financial services provider's stock valued at $1,831,000 after acquiring an additional 1,210 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in PJT Partners in the 4th quarter valued at $726,000. Institutional investors and hedge funds own 89.23% of the company's stock.

PJT Partners Price Performance

PJT Partners stock traded down $0.49 during mid-day trading on Friday, reaching $133.94. The company had a trading volume of 41,859 shares, compared to its average volume of 243,722. PJT Partners Inc. has a 1 year low of $93.07 and a 1 year high of $190.28. The company has a market capitalization of $3.12 billion, a P/E ratio of 27.33 and a beta of 0.77. The stock's 50-day simple moving average is $142.45 and its 200-day simple moving average is $152.58.

PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share for the quarter, beating 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 business had revenue of $477.30 million during the quarter, compared to analysts' expectations of $384.64 million. During the same quarter last year, the business posted $0.96 earnings per share. The business's revenue for the quarter was up 45.3% on a year-over-year basis. On average, equities analysts forecast 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 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Wednesday, March 5th. PJT Partners's dividend payout ratio (DPR) is presently 20.41%.

Analysts Set New Price Targets

A number of research firms recently issued reports on PJT. 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 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 lowered 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, PJT Partners has a consensus rating of "Hold" and an average price target 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.