Loomis Sayles & Co. L P Sells 64,444 Shares of PJT Partners Inc. (NYSE:PJT)

Loomis Sayles & Co. L P reduced its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 428,365 shares of the financial services provider’s stock after selling 64,444 shares during the period. Loomis Sayles & Co. L P owned approximately 1.81% of PJT Partners worth $67,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in PJT Partners by 91.4% during the third quarter. JPMorgan Chase & Co. now owns 72,270 shares of the financial services provider’s stock worth $9,636,000 after acquiring an additional 34,514 shares during the period. Geode Capital Management LLC boosted its stake in 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 worth $82,556,000 after purchasing an additional 45,327 shares during the last quarter. Citigroup Inc. grew its stake in PJT Partners by 101.1% during the 3rd quarter. Citigroup Inc. now owns 30,103 shares of the financial services provider’s stock valued at $4,014,000 after acquiring an additional 15,135 shares in the last quarter. State Street Corp boosted its stake in PJT Partners by 5.7% during the third quarter. State Street Corp now owns 1,001,911 shares of the financial services provider’s stock worth $133,595,000 after buying an additional 54,071 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of PJT Partners by 4.2% during the 4th quarter. Principal Financial Group Inc. now owns 139,934 shares of the financial services provider’s stock valued at $22,083,000 after acquiring an additional 5,644 shares during the last quarter. 89.23% of the stock is owned by hedge funds and other institutional investors.

PJT Partners Trading Down 1.6 %

NYSE PJT opened at $144.97 on Thursday. PJT Partners Inc. has a twelve month low of $90.95 and a twelve month high of $190.28. The business’s 50-day moving average price is $159.00 and its 200 day moving average price is $152.62. The company has a market capitalization of $3.38 billion, a PE ratio of 29.59 and a beta of 0.68.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results 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 firm had revenue of $477.30 million during 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 firm’s revenue was up 45.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 EPS. Equities analysts predict that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Wednesday, March 5th. PJT Partners’s dividend payout ratio (DPR) is 20.41%.

Analyst Ratings Changes

PJT has been the topic of several recent analyst reports. Citizens Jmp lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. UBS Group upgraded 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 report on Friday, December 6th. JMP Securities downgraded PJT Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods upped their target price on PJT Partners from $152.00 to $177.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average 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.