State of Alaska Department of Revenue Lowers Stock Position in PJT Partners Inc. (NYSE:PJT)

State of Alaska Department of Revenue decreased its holdings in PJT Partners Inc. (NYSE:PJT) by 0.6% in the 4th quarter, HoldingsChannel reports. The firm owned 13,498 shares of the financial services provider’s stock after selling 80 shares during the quarter. State of Alaska Department of Revenue’s holdings in PJT Partners were worth $2,130,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP boosted its stake in shares of PJT Partners by 186.3% in the third quarter. Quarry LP now owns 209 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 136 shares during the period. GAMMA Investing LLC boosted its stake in shares of PJT Partners by 76.4% in the third quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 146 shares during the period. KBC Group NV boosted its stake in shares of PJT Partners by 113.0% in the third quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 426 shares during the period. Seneca House Advisors purchased a new position in PJT Partners in the fourth quarter worth approximately $202,000. Finally, Perigon Wealth Management LLC purchased a new position in PJT Partners in the fourth quarter worth approximately $219,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Wall Street Analyst Weigh In

PJT has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their price target on shares of PJT Partners from $152.00 to $177.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. UBS Group upgraded shares of PJT Partners from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $130.00 to $175.00 in a research note on Friday, December 6th. Citizens Jmp downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, JMP Securities downgraded shares of PJT Partners from an “outperform” rating to a “market perform” 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 an average price target of $158.50.

PJT Partners Trading Up 1.0 %

PJT stock opened at $175.28 on Tuesday. PJT Partners Inc. has a twelve month low of $88.51 and a twelve month high of $190.27. The company’s 50 day moving average is $161.19 and its two-hundred day moving average is $145.24. The stock has a market cap of $4.15 billion, a P/E ratio of 35.77 and a beta of 0.67.

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. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The company had revenue of $477.30 million for the quarter, compared to analysts’ expectations of $384.64 million. During the same quarter last year, the company earned $0.96 earnings per share. The firm’s revenue for the quarter was up 45.3% on a year-over-year basis. On average, equities research analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. PJT Partners’s payout ratio 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.