Anchor Capital Advisors LLC Decreases Holdings in PJT Partners Inc. $PJT

Anchor Capital Advisors LLC lowered its holdings in PJT Partners Inc. (NYSE:PJT) by 3.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 11,336 shares of the financial services provider’s stock after selling 353 shares during the quarter. Anchor Capital Advisors LLC’s holdings in PJT Partners were worth $1,871,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PJT. Congress Asset Management Co. boosted its holdings in PJT Partners by 3.8% in the second quarter. Congress Asset Management Co. now owns 504,146 shares of the financial services provider’s stock valued at $83,189,000 after purchasing an additional 18,571 shares in the last quarter. Alliancebernstein L.P. raised its holdings in PJT Partners by 1.4% during the first quarter. Alliancebernstein L.P. now owns 481,410 shares of the financial services provider’s stock worth $66,377,000 after purchasing an additional 6,700 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of PJT Partners by 5.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 370,536 shares of the financial services provider’s stock worth $51,090,000 after buying an additional 19,806 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of PJT Partners by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 232,584 shares of the financial services provider’s stock valued at $38,379,000 after buying an additional 1,504 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of PJT Partners by 52.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 169,986 shares of the financial services provider’s stock valued at $23,438,000 after buying an additional 58,656 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Trading Up 0.4%

NYSE:PJT opened at $168.02 on Friday. The firm has a market cap of $4.08 billion, a P/E ratio of 25.85 and a beta of 0.79. The stock’s 50 day simple moving average is $177.46 and its 200-day simple moving average is $167.81. PJT Partners Inc. has a 12-month low of $119.76 and a 12-month high of $190.27.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.61. PJT Partners had a return on equity of 30.29% and a net margin of 10.75%.The firm had revenue of $447.09 million during the quarter, compared to the consensus estimate of $386.76 million. Research analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. PJT Partners’s payout ratio is presently 15.38%.

Wall Street Analysts Forecast Growth

PJT has been the subject of a number of research reports. BMO Capital Markets began coverage on shares of PJT Partners in a research report on Friday, October 3rd. They issued an “outperform” rating and a $205.00 price target for the company. Wolfe Research reiterated an “underperform” rating on shares of PJT Partners in a research report on Thursday, July 10th. Evercore ISI set a $180.00 target price on PJT Partners in a report on Monday, October 13th. Keefe, Bruyette & Woods raised their price target on PJT Partners from $180.00 to $182.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PJT Partners in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, PJT Partners currently has a consensus rating of “Hold” and an average target price of $185.50.

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.