State of Alaska Department of Revenue Decreases Holdings in PJT Partners Inc. (NYSE:PJT)

State of Alaska Department of Revenue trimmed its stake in shares of PJT Partners Inc. (NYSE:PJT) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,498 shares of the financial services provider’s stock after selling 80 shares during the period. State of Alaska Department of Revenue owned 0.06% of PJT Partners worth $2,130,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Street Corp lifted its holdings 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 valued at $133,595,000 after purchasing an additional 54,071 shares in the last quarter. Geode Capital Management LLC lifted its holdings in PJT Partners by 7.9% during the third quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider’s stock valued at $82,556,000 after purchasing an additional 45,327 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in PJT Partners by 7.4% during the third quarter. Champlain Investment Partners LLC now owns 594,359 shares of the financial services provider’s stock valued at $79,252,000 after purchasing an additional 41,119 shares in the last quarter. FMR LLC raised its position in shares of PJT Partners by 10.9% in the third quarter. FMR LLC now owns 417,271 shares of the financial services provider’s stock valued at $55,639,000 after buying an additional 41,007 shares during the last quarter. Finally, Congress Asset Management Co. raised its position in shares of PJT Partners by 29.6% in the third quarter. Congress Asset Management Co. now owns 317,974 shares of the financial services provider’s stock valued at $42,399,000 after buying an additional 72,582 shares during the last quarter. 89.23% of the stock is owned by hedge funds and other institutional investors.

PJT Partners Trading Up 1.0 %

PJT Partners stock opened at $175.28 on Tuesday. PJT Partners Inc. has a 12-month low of $88.51 and a 12-month high of $190.27. The stock has a market cap of $4.15 billion, a P/E ratio of 35.77 and a beta of 0.67. The company has a 50-day moving average price of $161.19 and a 200 day moving average price of $145.24.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. PJT Partners’s revenue was up 45.3% compared to the same quarter last year. During the same period last year, the business earned $0.96 earnings per share. As a group, analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, March 5th. PJT Partners’s dividend payout ratio (DPR) is presently 20.41%.

Analysts Set New Price Targets

A number of brokerages have recently commented on PJT. Citizens Jmp cut shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. UBS Group upgraded shares of PJT Partners from a “sell” rating to a “neutral” rating and increased their target price for the company from $130.00 to $175.00 in a research report on Friday, December 6th. JMP Securities cut shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Finally, Keefe, Bruyette & Woods increased their target price 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 analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $158.50.

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.