Rockefeller Capital Management L.P. Lowers Stock Position in PJT Partners Inc. (NYSE:PJT)

Rockefeller Capital Management L.P. decreased its holdings in PJT Partners Inc. (NYSE:PJT - Free Report) by 29.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 213,143 shares of the financial services provider's stock after selling 87,821 shares during the period. Rockefeller Capital Management L.P. owned about 0.90% of PJT Partners worth $33,617,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Sanctuary Advisors LLC raised its position in shares of PJT Partners by 2.9% in the 4th quarter. Sanctuary Advisors LLC now owns 2,274 shares of the financial services provider's stock worth $375,000 after acquiring an additional 65 shares in the last quarter. M&T Bank Corp boosted its stake in PJT Partners by 3.5% in the third quarter. M&T Bank Corp now owns 2,220 shares of the financial services provider's stock valued at $296,000 after acquiring an additional 75 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 worth $70,000 after purchasing an additional 109 shares during the last quarter. Xponance Inc. increased its position 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 worth $262,000 after purchasing an additional 115 shares in the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of PJT Partners by 5.0% during the 4th quarter. Atria Investments Inc now owns 2,692 shares of the financial services provider's stock valued at $425,000 after purchasing an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 89.23% of the company's stock.

Analyst Upgrades and Downgrades

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

PJT Partners Stock Up 0.7 %

Shares of PJT Partners stock traded up $0.88 on Friday, reaching $129.57. 236,834 shares of the stock were exchanged, compared to its average volume of 244,727. The business has a 50 day moving average price of $145.95 and a two-hundred day moving average price of $152.68. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 26.44 and a beta of 0.77. PJT Partners Inc. has a twelve month low of $91.21 and a twelve month high of $190.28.

PJT Partners (NYSE:PJT - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.19 by $0.71. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The business had revenue of $477.30 million for the quarter, compared to the consensus estimate of $384.64 million. During the same period in the prior year, the firm earned $0.96 EPS. The business's revenue for the quarter was up 45.3% on a year-over-year basis. Research analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.77%. The ex-dividend date was Wednesday, March 5th. PJT Partners's dividend payout ratio is currently 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.