Rhumbline Advisers Sells 1,935 Shares of PJT Partners Inc. (NYSE:PJT)

Rhumbline Advisers lessened its holdings in PJT Partners Inc. (NYSE:PJT - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,256 shares of the financial services provider's stock after selling 1,935 shares during the period. Rhumbline Advisers owned about 0.27% of PJT Partners worth $10,140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Quarry LP raised its holdings in shares of PJT Partners by 186.3% during the third quarter. Quarry LP now owns 209 shares of the financial services provider's stock worth $28,000 after acquiring an additional 136 shares in the last quarter. GAMMA Investing LLC increased its position in PJT Partners by 32.3% in the 4th 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 raised its stake in shares of PJT Partners by 113.0% during the 3rd quarter. KBC Group NV now owns 803 shares of the financial services provider's stock worth $107,000 after purchasing an additional 426 shares in the last quarter. Seneca House Advisors acquired a new stake in shares of PJT Partners during the 4th quarter valued at about $202,000. Finally, Perigon Wealth Management LLC acquired a new stake in shares of PJT Partners during the 4th quarter valued at about $219,000. Institutional investors and hedge funds own 89.23% of the company's stock.

PJT Partners Stock Up 1.2 %

PJT Partners stock traded up $1.91 during trading hours on Friday, hitting $159.26. The stock had a trading volume of 314,578 shares, compared to its average volume of 260,266. PJT Partners Inc. has a fifty-two week low of $88.51 and a fifty-two week high of $190.27. The company has a market cap of $3.77 billion, a PE ratio of 32.50 and a beta of 0.67. The company has a 50-day moving average of $163.41 and a two-hundred day moving average of $149.28.

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PJT Partners (NYSE:PJT - Get Free Report) last issued its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.71. The business had revenue of $477.30 million during 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%. PJT Partners's revenue was up 45.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. As a group, 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 will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.63%. PJT Partners's payout ratio is presently 20.41%.

Analyst Ratings Changes

Several research firms have weighed in on PJT. UBS Group upgraded PJT Partners from a "sell" rating to a "neutral" rating and raised their target price for the company from $130.00 to $175.00 in a report on Friday, December 6th. JMP Securities lowered 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 report on Monday, January 13th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of PJT Partners from $152.00 to $177.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus 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.