Amalgamated Bank Has $1.09 Million Stock Holdings in PJT Partners Inc. (NYSE:PJT)

Amalgamated Bank trimmed its position in PJT Partners Inc. (NYSE:PJT) by 1.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,928 shares of the financial services provider’s stock after selling 87 shares during the period. Amalgamated Bank’s holdings in PJT Partners were worth $1,093,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in shares of PJT Partners by 186.3% in the 3rd 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 last quarter. Principal Securities Inc. lifted its holdings in PJT Partners by 385.4% in the fourth quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock valued at $31,000 after buying an additional 158 shares during the period. GAMMA Investing LLC lifted its holdings in PJT Partners by 32.3% in the fourth 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 during the period. KBC Group NV boosted its stake in 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 acquiring an additional 426 shares during the last quarter. Finally, Seneca House Advisors acquired a new stake in PJT Partners during the 4th quarter worth $202,000. 89.23% of the stock is currently owned by institutional investors and hedge funds.

PJT Partners Trading Down 1.4 %

Shares of PJT Partners stock opened at $157.07 on Tuesday. The stock’s fifty day simple moving average is $163.48 and its 200 day simple moving average is $150.20. The company has a market capitalization of $3.72 billion, a PE ratio of 32.05 and a beta of 0.67. PJT Partners Inc. has a 12 month low of $88.51 and a 12 month high of $190.27.

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

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Wednesday, March 5th. PJT Partners’s payout ratio is currently 20.41%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PJT. Citizens Jmp lowered PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. JMP Securities lowered PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. UBS Group upgraded PJT Partners from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $130.00 to $175.00 in a research report on Friday, December 6th. Finally, Keefe, Bruyette & Woods increased 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 report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $158.50.

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.