Victory Capital Management Inc. Has $4.12 Million Stock Holdings in PJT Partners Inc. (NYSE:PJT)

Victory Capital Management Inc. cut its position in shares of PJT Partners Inc. (NYSE:PJT) by 73.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,123 shares of the financial services provider’s stock after selling 70,770 shares during the quarter. Victory Capital Management Inc. owned 0.11% of PJT Partners worth $4,122,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Quarry LP boosted its holdings in PJT Partners by 186.3% during the third quarter. Quarry LP now owns 209 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 136 shares in the last quarter. Principal Securities Inc. boosted its holdings in PJT Partners by 385.4% during the fourth quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 158 shares in the last quarter. GAMMA Investing LLC boosted its holdings in PJT Partners by 32.3% during the fourth quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 109 shares in the last quarter. KBC Group NV boosted its holdings in PJT Partners by 113.0% during the third quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 426 shares in the last quarter. Finally, Seneca House Advisors acquired a new position in shares of PJT Partners in the 4th quarter worth approximately $202,000. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Stock Performance

Shares of PJT Partners stock opened at $139.08 on Friday. The firm has a fifty day moving average of $161.04 and a two-hundred day moving average of $151.32. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 28.38 and a beta of 0.68. PJT Partners Inc. has a 52 week low of $88.51 and a 52 week high of $190.28.

PJT Partners (NYSE:PJT) last released its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $384.64 million. During the same quarter in the prior year, the company earned $0.96 EPS. The firm’s quarterly revenue was up 45.3% on a year-over-year basis. As a group, research analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Wednesday, March 5th. PJT Partners’s dividend payout ratio is currently 20.41%.

Wall Street Analyst Weigh In

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