First Bank & Trust Decreases Stock Position in PJT Partners Inc. (NYSE:PJT)

First Bank & Trust lessened its stake in PJT Partners Inc. (NYSE:PJT) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,106 shares of the financial services provider’s stock after selling 168 shares during the period. First Bank & Trust’s holdings in PJT Partners were worth $806,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Handelsbanken Fonder AB grew its position in PJT Partners by 15.7% in the 4th quarter. Handelsbanken Fonder AB now owns 5,900 shares of the financial services provider’s stock worth $931,000 after purchasing an additional 800 shares during the period. TimesSquare Capital Management LLC grew its position in PJT Partners by 26.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 130,948 shares of the financial services provider’s stock worth $20,665,000 after purchasing an additional 27,301 shares during the period. New York State Common Retirement Fund grew its position in PJT Partners by 7.5% in the 4th quarter. New York State Common Retirement Fund now owns 7,917 shares of the financial services provider’s stock worth $1,249,000 after purchasing an additional 552 shares during the period. Truist Financial Corp grew its position in PJT Partners by 6.7% in the 4th quarter. Truist Financial Corp now owns 8,889 shares of the financial services provider’s stock worth $1,403,000 after purchasing an additional 560 shares during the period. Finally, Pittenger & Anderson Inc. grew its position in PJT Partners by 907.1% in the 4th quarter. Pittenger & Anderson Inc. now owns 1,410 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 1,270 shares during the period. Institutional investors own 89.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PJT shares. Keefe, Bruyette & Woods lifted their target price on shares of PJT Partners from $152.00 to $177.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. JMP Securities downgraded shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Citizens Jmp downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, UBS Group raised shares of PJT Partners from a “sell” rating to a “neutral” rating and boosted their price objective for the company 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 presently has a consensus rating of “Hold” and an average price target of $158.50.

PJT Partners Price Performance

Shares of PJT stock opened at $177.66 on Thursday. PJT Partners Inc. has a 1 year low of $88.51 and a 1 year high of $190.27. The firm has a fifty day moving average price of $163.34 and a 200-day moving average price of $147.81. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 36.26 and a beta of 0.67.

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

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.56%. The ex-dividend date is Wednesday, March 5th. PJT Partners’s dividend payout ratio is currently 20.41%.

PJT Partners 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.