Schroder Investment Management Group Cuts Stake in PJT Partners Inc. (NYSE:PJT)

Schroder Investment Management Group lessened its stake in shares of PJT Partners Inc. (NYSE:PJT) by 24.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 182,288 shares of the financial services provider’s stock after selling 59,725 shares during the period. Schroder Investment Management Group’s holdings in PJT Partners were worth $28,643,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of PJT Partners by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 2,515,600 shares of the financial services provider’s stock worth $396,987,000 after purchasing an additional 127,060 shares during the period. State Street Corp raised its stake in shares of 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 period. Geode Capital Management LLC lifted its position in shares of PJT Partners by 7.9% during the 3rd 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. Raymond James Financial Inc. bought a new position in shares of PJT Partners during the 4th quarter worth $89,192,000. Finally, FMR LLC increased its holdings in PJT Partners by 10.9% in the 3rd quarter. FMR LLC now owns 417,271 shares of the financial services provider’s stock worth $55,639,000 after acquiring an additional 41,007 shares during the last quarter. Institutional investors own 89.23% of the company’s stock.

PJT Partners Price Performance

NYSE PJT opened at $139.89 on Wednesday. The company’s 50 day simple moving average is $157.23 and its two-hundred day simple moving average is $153.37. PJT Partners Inc. has a 1 year low of $90.95 and a 1 year high of $190.28. The stock has a market capitalization of $3.26 billion, a PE ratio of 28.55 and a beta of 0.68.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.71. The firm had revenue of $477.30 million for the quarter, compared to analysts’ expectations of $384.64 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The business’s quarterly revenue was up 45.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. On average, research analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.25 per share. The ex-dividend date was 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%.

Analysts Set New Price Targets

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

PJT Partners 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.