Schroder Investment Management Group Lowers Stock Holdings in PJT Partners Inc. (NYSE:PJT)

Schroder Investment Management Group cut its stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 24.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 182,288 shares of the financial services provider's stock after selling 59,725 shares during the period. Schroder Investment Management Group owned about 0.77% of PJT Partners worth $28,643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PJT. Raymond James Financial Inc. acquired a new position in shares of PJT Partners during the 4th quarter worth about $89,192,000. Arrowstreet Capital Limited Partnership increased its stake in PJT Partners by 658.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 181,406 shares of the financial services provider's stock worth $28,628,000 after buying an additional 157,483 shares in the last quarter. Norges Bank acquired a new position in shares of PJT Partners during the fourth quarter valued at approximately $20,269,000. Vanguard Group Inc. lifted its position in shares of PJT Partners by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 2,515,600 shares of the financial services provider's stock valued at $396,987,000 after acquiring an additional 127,060 shares in the last quarter. Finally, Congress Asset Management Co. boosted its stake in shares of PJT Partners by 27.6% in the fourth quarter. Congress Asset Management Co. now owns 405,681 shares of the financial services provider's stock worth $64,021,000 after acquiring an additional 87,707 shares during the last quarter. 89.23% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PJT shares. Citizens Jmp lowered PJT Partners from a "strong-buy" rating to a "hold" rating in a report on Monday, January 13th. Keefe, Bruyette & Woods increased their target price on shares of PJT Partners from $152.00 to $177.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. Finally, JMP Securities lowered shares of PJT Partners from an "outperform" rating to a "market perform" rating in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $158.50.

PJT Partners Trading Down 4.5 %

NYSE:PJT traded down $5.87 during trading hours on Friday, hitting $126.01. The company had a trading volume of 432,336 shares, compared to its average volume of 236,986. PJT Partners Inc. has a 1 year low of $90.95 and a 1 year high of $190.28. The company has a market cap of $2.94 billion, a P/E ratio of 25.72 and a beta of 0.77. The company has a 50-day moving average of $155.44 and a 200 day moving average of $153.45.

PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $477.30 million during the quarter, compared to analyst estimates of $384.64 million. During the same quarter in the prior year, the firm posted $0.96 earnings per share. PJT Partners's quarterly revenue was up 45.3% on a year-over-year basis. On average, analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The company also recently declared 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. The ex-dividend date was Wednesday, March 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.79%. 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.