PJT Partners Inc. (NYSE:PJT) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in PJT Partners Inc. (NYSE:PJT) by 64.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,833 shares of the financial services provider’s stock after selling 46,437 shares during the period. JPMorgan Chase & Co. owned about 0.11% of PJT Partners worth $4,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in PJT. Principal Securities Inc. increased its position in shares of PJT Partners by 385.4% in the fourth 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 in the last quarter. GAMMA Investing LLC increased its holdings in PJT Partners by 32.3% in the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 109 shares in the last quarter. PNC Financial Services Group Inc. raised its position in PJT Partners by 51.6% during 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 period. KBC Group NV lifted its holdings in PJT Partners by 25.4% during the fourth quarter. KBC Group NV now owns 1,007 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 204 shares in the last quarter. Finally, Seneca House Advisors acquired a new stake in shares of PJT Partners in the fourth quarter valued at about $202,000. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

PJT Partners Trading Up 0.7 %

PJT opened at $129.57 on Monday. The firm has a market capitalization of $3.02 billion, a PE ratio of 26.44 and a beta of 0.77. The firm’s 50-day moving average price is $145.95 and its 200 day moving average price is $152.96. PJT Partners Inc. has a twelve month low of $92.12 and a twelve month 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.71. The company had revenue of $477.30 million for 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 revenue for the quarter was up 45.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 earnings per share. As a group, 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 announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.00 annualized dividend and a yield of 0.77%. PJT Partners’s dividend payout ratio (DPR) 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.