PJT Partners Inc. (NYSE:PJT) Stock Holdings Trimmed by US Bancorp DE

US Bancorp DE reduced its position in PJT Partners Inc. (NYSE:PJT) by 54.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,264 shares of the financial services provider’s stock after selling 3,860 shares during the quarter. US Bancorp DE’s holdings in PJT Partners were worth $515,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its holdings in PJT Partners by 5.7% in the third quarter. State Street Corp now owns 1,001,911 shares of the financial services provider’s stock valued at $133,595,000 after buying an additional 54,071 shares during the last quarter. Geode Capital Management LLC increased its holdings in PJT Partners by 7.9% in the third quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider’s stock valued at $82,556,000 after buying an additional 45,327 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in PJT Partners by 7.4% in the third quarter. Champlain Investment Partners LLC now owns 594,359 shares of the financial services provider’s stock valued at $79,252,000 after buying an additional 41,119 shares during the last quarter. FMR LLC increased its holdings in PJT Partners by 10.9% in the third quarter. FMR LLC now owns 417,271 shares of the financial services provider’s stock valued at $55,639,000 after buying an additional 41,007 shares during the last quarter. Finally, Congress Asset Management Co. increased its holdings in 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 valued at $64,021,000 after buying an additional 87,707 shares during the last quarter. 89.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on PJT. JMP Securities downgraded PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. Keefe, Bruyette & Woods lifted their target price on PJT Partners from $152.00 to $177.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. UBS Group upgraded PJT Partners from a “sell” rating to a “neutral” rating and lifted their target price for the company from $130.00 to $175.00 in a research note on Friday, December 6th. Finally, Citizens Jmp downgraded PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $158.50.

PJT Partners Stock Performance

Shares of NYSE PJT opened at $141.56 on Thursday. The stock has a fifty day moving average price of $161.72 and a two-hundred day moving average price of $151.11. The firm has a market cap of $3.30 billion, a P/E ratio of 28.89 and a beta of 0.68. PJT Partners Inc. has a 1 year low of $88.51 and a 1 year high of $190.28.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results 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. The firm had revenue of $477.30 million during the quarter, compared to analyst estimates of $384.64 million. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The firm’s quarterly revenue was up 45.3% on a year-over-year basis. During the same period last year, the company posted $0.96 EPS. On average, research analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.71%. PJT Partners’s dividend payout ratio (DPR) is presently 20.41%.

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.