Goldman Sachs Group Inc. Has $18.18 Million Stake in PJT Partners Inc. (NYSE:PJT)

Goldman Sachs Group Inc. lowered its holdings in PJT Partners Inc. (NYSE:PJT) by 18.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 178,450 shares of the financial services provider’s stock after selling 41,113 shares during the quarter. Goldman Sachs Group Inc. owned about 0.74% of PJT Partners worth $18,179,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PJT. Hsbc Holdings PLC lifted its stake in PJT Partners by 11,553.8% during the 4th quarter. Hsbc Holdings PLC now owns 510,089 shares of the financial services provider’s stock valued at $52,120,000 after acquiring an additional 505,712 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of PJT Partners during the third quarter valued at about $14,387,000. Principal Financial Group Inc. boosted its holdings in PJT Partners by 934.8% during the fourth quarter. Principal Financial Group Inc. now owns 129,872 shares of the financial services provider’s stock worth $13,230,000 after purchasing an additional 117,322 shares during the last quarter. Woodson Capital Management LP purchased a new position in PJT Partners during the fourth quarter worth about $8,150,000. Finally, Envestnet Asset Management Inc. grew its position in PJT Partners by 244.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 95,064 shares of the financial services provider’s stock worth $7,552,000 after purchasing an additional 67,457 shares in the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Stock Up 2.1 %

Shares of NYSE:PJT opened at $107.19 on Friday. The firm has a market capitalization of $2.57 billion, a PE ratio of 29.53 and a beta of 0.64. The company has a 50-day moving average price of $102.19 and a two-hundred day moving average price of $99.45. PJT Partners Inc. has a twelve month low of $67.06 and a twelve month high of $109.33.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.45 by $0.53. PJT Partners had a net margin of 7.57% and a return on equity of 17.36%. The company had revenue of $329.39 million during the quarter, compared to the consensus estimate of $229.32 million. During the same period last year, the firm earned $0.54 EPS. PJT Partners’s revenue for the quarter was up 64.7% on a year-over-year basis. Analysts anticipate that PJT Partners Inc. will post 4 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Wednesday, June 5th. PJT Partners’s dividend payout ratio (DPR) is presently 27.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. UBS Group restated a “sell” rating and issued a $75.00 target price (down previously from $100.00) on shares of PJT Partners in a research note on Tuesday, March 26th. JMP Securities reissued a “market outperform” rating and issued a $110.00 price objective on shares of PJT Partners in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, PJT Partners presently has a consensus rating of “Hold” and an average target price of $93.25.

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.