Schroder Investment Management Group Sells 59,725 Shares of PJT Partners Inc. (NYSE:PJT)

Schroder Investment Management Group decreased its stake in shares of PJT Partners Inc. (NYSE:PJT) by 24.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 182,288 shares of the financial services provider’s stock after selling 59,725 shares during the quarter. Schroder Investment Management Group owned about 0.77% of PJT Partners worth $28,643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of PJT. Sanctuary Advisors LLC increased its stake in PJT Partners by 2.9% in the fourth quarter. Sanctuary Advisors LLC now owns 2,274 shares of the financial services provider’s stock valued at $375,000 after purchasing an additional 65 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of PJT Partners by 2.2% in the 3rd quarter. Captrust Financial Advisors now owns 3,149 shares of the financial services provider’s stock valued at $420,000 after buying an additional 67 shares during the period. M&T Bank Corp grew its stake in shares of PJT Partners by 3.5% in the 3rd quarter. M&T Bank Corp now owns 2,220 shares of the financial services provider’s stock valued at $296,000 after buying an additional 75 shares during the period. GAMMA Investing LLC increased its position in PJT Partners by 32.3% in the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock valued at $70,000 after buying an additional 109 shares in the last quarter. Finally, Xponance Inc. raised its stake in PJT Partners by 7.4% during the 4th quarter. Xponance Inc. now owns 1,659 shares of the financial services provider’s stock worth $262,000 after buying an additional 115 shares during the period. Institutional investors own 89.23% of the company’s stock.

Wall Street Analyst Weigh In

PJT has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their price objective 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. JMP Securities lowered shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. UBS Group raised shares of PJT Partners from a “sell” rating to a “neutral” rating and raised their price objective for the company from $130.00 to $175.00 in a research note on Friday, December 6th. Finally, Citizens Jmp cut shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $158.50.

PJT Partners Stock Up 1.5 %

Shares of NYSE:PJT opened at $139.89 on Wednesday. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 28.55 and a beta of 0.68. The business’s 50 day moving average is $157.23 and its 200 day moving average is $153.37. PJT Partners Inc. has a 12-month low of $90.95 and a 12-month high of $190.28.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 9.00% and a return on equity of 24.03%. During the same quarter in the prior year, the business posted $0.96 EPS. The business’s revenue was up 45.3% compared to the same quarter last year. As a group, equities research analysts expect that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a $0.25 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.00 annualized dividend and a yield of 0.71%. PJT Partners’s dividend payout ratio (DPR) is 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.