Orion Portfolio Solutions LLC Has $4.52 Million Holdings in PJT Partners Inc. (NYSE:PJT)

Orion Portfolio Solutions LLC decreased its stake in shares of PJT Partners Inc. (NYSE:PJT) by 10.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 28,642 shares of the financial services provider’s stock after selling 3,246 shares during the period. Orion Portfolio Solutions LLC owned 0.12% of PJT Partners worth $4,520,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its holdings in PJT Partners by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 252,090 shares of the financial services provider’s stock valued at $33,614,000 after purchasing an additional 11,707 shares during the last quarter. Citigroup Inc. grew its stake in PJT Partners by 101.1% in the 3rd quarter. Citigroup Inc. now owns 30,103 shares of the financial services provider’s stock valued at $4,014,000 after buying an additional 15,135 shares during the last quarter. D.A. Davidson & CO. bought a new position in PJT Partners in the 3rd quarter worth $234,000. FMR LLC lifted its position in PJT Partners by 10.9% during the 3rd quarter. FMR LLC now owns 417,271 shares of the financial services provider’s stock worth $55,639,000 after acquiring an additional 41,007 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in PJT Partners by 40.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 32,747 shares of the financial services provider’s stock worth $4,366,000 after acquiring an additional 9,510 shares during the last quarter. 89.23% of the stock is owned by institutional investors.

PJT Partners Trading Down 2.9 %

Shares of PJT stock opened at $135.91 on Monday. PJT Partners Inc. has a 12 month low of $90.95 and a 12 month high of $190.28. The company has a market capitalization of $3.17 billion, a P/E ratio of 27.74 and a beta of 0.68. The stock has a 50 day moving average of $158.16 and a two-hundred day moving average of $153.13.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, beating 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 business had revenue of $477.30 million during the quarter, compared to analyst estimates of $384.64 million. During the same period in the prior year, the company posted $0.96 earnings per share. PJT Partners’s revenue was up 45.3% on a year-over-year basis. Sell-side analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.74%. PJT Partners’s dividend payout ratio (DPR) is currently 20.41%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PJT shares. JMP Securities lowered PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. Citizens Jmp lowered PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Keefe, Bruyette & Woods increased their price objective 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. Finally, UBS Group raised shares of 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. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.