PJT Partners Inc. (NYSE:PJT) Stock Position Reduced by Clearbridge Investments LLC

Clearbridge Investments LLC trimmed its position in PJT Partners Inc. (NYSE:PJT) by 12.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 634,846 shares of the financial services provider’s stock after selling 93,516 shares during the quarter. Clearbridge Investments LLC’s holdings in PJT Partners were worth $100,185,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP boosted its holdings in PJT Partners by 186.3% in the third quarter. Quarry LP now owns 209 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 136 shares during the period. Principal Securities Inc. boosted its holdings in shares of PJT Partners by 385.4% in the 4th quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock valued at $31,000 after buying an additional 158 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of PJT Partners by 112.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider’s stock valued at $44,000 after buying an additional 146 shares during the last quarter. GAMMA Investing LLC raised its stake in PJT Partners by 32.3% during the fourth quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 109 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in PJT Partners by 51.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 176 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. UBS Group raised PJT Partners from a “sell” rating to a “neutral” rating and upped their target price for the company from $130.00 to $175.00 in a report on Friday, December 6th. Citizens Jmp lowered PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. JMP Securities downgraded shares of PJT Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of PJT Partners from $152.00 to $177.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $158.50.

PJT Partners Price Performance

Shares of PJT Partners stock opened at $138.21 on Tuesday. PJT Partners Inc. has a 1-year low of $90.95 and a 1-year high of $190.28. The company has a market capitalization of $3.22 billion, a P/E ratio of 28.21 and a beta of 0.68. The business’s fifty day moving average price is $157.74 and its two-hundred day moving average price is $153.26.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.71. The business had revenue of $477.30 million during the quarter, compared to the consensus estimate of $384.64 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The company’s quarterly revenue was up 45.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 earnings per share. On average, research analysts expect that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid 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 0.72%. PJT Partners’s dividend payout ratio is presently 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.