Martingale Asset Management L P Has $3.09 Million Position in PJT Partners Inc. (NYSE:PJT)

Martingale Asset Management L P trimmed its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,552 shares of the financial services provider's stock after selling 3,226 shares during the period. Martingale Asset Management L P owned about 0.08% of PJT Partners worth $3,086,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PJT. Sanctuary Advisors LLC increased its holdings in PJT Partners by 2.9% in the 4th quarter. Sanctuary Advisors LLC now owns 2,274 shares of the financial services provider's stock valued at $375,000 after purchasing an additional 65 shares in the last quarter. Captrust Financial Advisors lifted its position in PJT Partners by 2.2% during the 3rd quarter. Captrust Financial Advisors now owns 3,149 shares of the financial services provider's stock worth $420,000 after acquiring an additional 67 shares in the last quarter. M&T Bank Corp boosted its holdings in PJT Partners by 3.5% in the 3rd quarter. M&T Bank Corp now owns 2,220 shares of the financial services provider's stock worth $296,000 after acquiring an additional 75 shares during the period. GAMMA Investing LLC grew its position 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 acquiring an additional 109 shares in the last quarter. Finally, Xponance Inc. raised its stake in shares of PJT Partners by 7.4% during the fourth quarter. Xponance Inc. now owns 1,659 shares of the financial services provider's stock valued at $262,000 after purchasing an additional 115 shares during the period. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PJT. JMP Securities downgraded shares of PJT Partners from an "outperform" rating to a "market perform" rating in a research note on Monday, January 13th. Citizens Jmp lowered PJT Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods upped their target price 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. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $158.50.

PJT Partners Stock Performance

Shares of NYSE PJT traded up $1.83 during trading on Tuesday, reaching $133.22. The stock had a trading volume of 53,869 shares, compared to its average volume of 243,203. The firm's 50 day moving average price is $149.49 and its two-hundred day moving average price is $153.03. PJT Partners Inc. has a one year low of $90.95 and a one year high of $190.28. The stock has a market cap of $3.10 billion, a PE ratio of 27.19 and a beta of 0.77.

PJT Partners (NYSE:PJT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.71. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The company had revenue of $477.30 million for the quarter, compared to the consensus estimate of $384.64 million. During the same period last year, the firm posted $0.96 EPS. The company's revenue for the quarter was up 45.3% on a year-over-year basis. On average, research analysts expect that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

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

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.