Envestnet Asset Management Inc. Has $14.92 Million Stock Position in PJT Partners Inc. (NYSE:PJT)

Envestnet Asset Management Inc. decreased its holdings in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,527 shares of the financial services provider's stock after selling 13,422 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.40% of PJT Partners worth $14,917,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. ExodusPoint Capital Management LP raised its stake in shares of PJT Partners by 221.0% in the 4th quarter. ExodusPoint Capital Management LP now owns 46,384 shares of the financial services provider's stock valued at $7,320,000 after acquiring an additional 31,936 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of PJT Partners in the fourth quarter valued at approximately $17,569,000. Trexquant Investment LP acquired a new stake in shares of PJT Partners in the fourth quarter worth $2,846,000. Geode Capital Management LLC boosted its holdings in shares of PJT Partners by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 635,270 shares of the financial services provider's stock worth $100,273,000 after buying an additional 16,233 shares during the period. Finally, Alliancebernstein L.P. grew its stake in PJT Partners by 9.8% in the 4th quarter. Alliancebernstein L.P. now owns 474,710 shares of the financial services provider's stock valued at $74,914,000 after buying an additional 42,463 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted 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 PJT Partners from an "outperform" rating to a "market perform" rating in a research note on Monday, January 13th. Finally, Citizens Jmp lowered PJT Partners from a "strong-buy" rating to a "hold" rating in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $158.50.

PJT Partners Stock Performance

Shares of PJT traded up $4.38 during trading hours on Tuesday, reaching $131.37. 148,617 shares of the company traded hands, compared to its average volume of 244,074. PJT Partners Inc. has a 1-year low of $93.07 and a 1-year high of $190.28. The stock has a market cap of $3.06 billion, a P/E ratio of 26.81 and a beta of 0.77. The stock's fifty day moving average is $144.13 and its 200 day moving average is $152.73.

PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, topping 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 company had revenue of $477.30 million during the quarter, compared to the consensus estimate of $384.64 million. During the same quarter last year, the company earned $0.96 EPS. The company's quarterly revenue was up 45.3% on a year-over-year basis. On average, equities research analysts predict that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.76%. PJT Partners's dividend payout ratio is currently 20.41%.

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.