Anchor Capital Advisors LLC Lowers Stock Holdings in PJT Partners Inc. (NYSE:PJT)

Anchor Capital Advisors LLC lessened its stake in shares of PJT Partners Inc. (NYSE:PJT) by 32.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,758 shares of the financial services provider’s stock after selling 10,777 shares during the period. Anchor Capital Advisors LLC owned approximately 0.09% of PJT Partners worth $2,318,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Clearbridge Investments LLC raised its stake in shares of PJT Partners by 6.7% in the third quarter. Clearbridge Investments LLC now owns 1,104,971 shares of the financial services provider’s stock worth $87,779,000 after purchasing an additional 68,951 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in PJT Partners by 7.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 969,694 shares of the financial services provider’s stock valued at $77,032,000 after acquiring an additional 69,485 shares during the period. FMR LLC boosted its holdings in shares of PJT Partners by 5.9% during the 3rd quarter. FMR LLC now owns 381,964 shares of the financial services provider’s stock valued at $30,343,000 after acquiring an additional 21,392 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of PJT Partners by 22.1% in the third quarter. Schroder Investment Management Group now owns 371,730 shares of the financial services provider’s stock worth $29,530,000 after acquiring an additional 67,197 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of PJT Partners by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 207,643 shares of the financial services provider’s stock valued at $16,495,000 after purchasing an additional 2,352 shares during the last quarter. Institutional investors own 89.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $99.00 target price (down from $108.00) on shares of PJT Partners in a report on Tuesday, January 9th. UBS Group restated a “sell” rating and set a $75.00 price target (down previously from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th. Wolfe Research reaffirmed an “underperform” rating and set a $89.00 price objective on shares of PJT Partners in a report on Wednesday, January 3rd. Finally, JMP Securities reissued a “market outperform” rating and issued a $110.00 target price on shares of PJT Partners in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, PJT Partners has an average rating of “Hold” and an average price target of $93.25.

Insider Activity

In other PJT Partners news, insider Ji-Yeun Lee sold 10,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $104.58, for a total transaction of $1,045,800.00. Following the sale, the insider now owns 73,421 shares of the company’s stock, valued at approximately $7,678,368.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $93.21, for a total transaction of $466,050.00. Following the completion of the transaction, the general counsel now directly owns 1,541 shares of the company’s stock, valued at approximately $143,636.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ji-Yeun Lee sold 10,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $104.58, for a total transaction of $1,045,800.00. Following the completion of the sale, the insider now directly owns 73,421 shares in the company, valued at $7,678,368.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,926 shares of company stock valued at $2,875,672. Corporate insiders own 10.67% of the company’s stock.

PJT Partners Stock Down 0.5 %

PJT traded down $0.46 during trading on Tuesday, reaching $94.81. The company had a trading volume of 24,864 shares, compared to its average volume of 264,138. PJT Partners Inc. has a 52 week low of $59.61 and a 52 week high of $107.35. The stock has a market cap of $2.27 billion, a P/E ratio of 30.93 and a beta of 0.68. The business has a 50 day simple moving average of $97.08 and a 200-day simple moving average of $93.47.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.20. The firm had revenue of $328.60 million during the quarter, compared to analysts’ expectations of $304.26 million. PJT Partners had a net margin of 7.09% and a return on equity of 17.44%. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 EPS. As a group, equities research analysts expect that PJT Partners Inc. will post 3.85 EPS for the current fiscal year.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Tuesday, March 5th. PJT Partners’s payout ratio is presently 32.47%.

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.