Eagle Asset Management Inc. Decreases Stock Holdings in PJT Partners Inc. (NYSE:PJT)

Eagle Asset Management Inc. reduced its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 5.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 973,134 shares of the financial services provider’s stock after selling 53,214 shares during the period. Eagle Asset Management Inc.’s holdings in PJT Partners were worth $69,462,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PJT. Captrust Financial Advisors raised its holdings in PJT Partners by 88.2% in the first quarter. Captrust Financial Advisors now owns 687 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 322 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of PJT Partners by 247.0% during the first quarter. Fifth Third Bancorp now owns 1,409 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 1,003 shares during the period. Royal Bank of Canada grew its position in shares of PJT Partners by 172.2% during the first quarter. Royal Bank of Canada now owns 2,738 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 1,732 shares during the last quarter. MONECO Advisors LLC bought a new position in shares of PJT Partners during the second quarter worth about $207,000. Finally, Commonwealth Equity Services LLC grew its position in shares of PJT Partners by 13.2% during the first quarter. Commonwealth Equity Services LLC now owns 3,165 shares of the financial services provider’s stock worth $214,000 after acquiring an additional 368 shares during the last quarter. 66.91% of the stock is currently owned by institutional investors and hedge funds.

NYSE PJT opened at $76.10 on Tuesday. The company has a 50 day simple moving average of $77.12 and a 200-day simple moving average of $73.11. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 15.82 and a beta of 0.93. PJT Partners Inc. has a 52-week low of $54.57 and a 52-week high of $81.82.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Thursday, July 29th. The financial services provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.12. PJT Partners had a return on equity of 29.98% and a net margin of 11.89%. The firm had revenue of $240.68 million for the quarter, compared to the consensus estimate of $220.64 million. As a group, equities research analysts predict that PJT Partners Inc. will post 4.87 EPS for the current fiscal year.

The business also recently declared a dividend, which will be paid on Monday, October 18th. Shareholders of record on Monday, October 4th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, October 1st. PJT Partners’s dividend payout ratio (DPR) is presently 4.06%.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of PJT Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, September 14th. JMP Securities upped their price objective on shares of PJT Partners from $96.00 to $98.00 and gave the company a “market outperform” rating in a research note on Friday, July 30th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $90.00.

PJT Partners Company Profile

PJT Partners, Inc is a holding company, which engages in the provision of advisory-investment solutions. It specializes in strategic advisory, shareholder engagement, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments.

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Institutional Ownership by Quarter for PJT Partners (NYSE:PJT)

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