Frontier Capital Management Co. LLC Trims Position in PJT Partners Inc. (NYSE:PJT)

Frontier Capital Management Co. LLC lowered its position in PJT Partners Inc. (NYSE:PJT - Free Report) by 18.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 155,181 shares of the financial services provider's stock after selling 35,378 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.65% of PJT Partners worth $24,489,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PJT. Barclays PLC grew its stake in shares of PJT Partners by 158.6% during the third quarter. Barclays PLC now owns 52,045 shares of the financial services provider's stock valued at $6,940,000 after buying an additional 31,922 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of PJT Partners by 91.4% in the third quarter. JPMorgan Chase & Co. now owns 72,270 shares of the financial services provider's stock worth $9,636,000 after purchasing an additional 34,514 shares during the last quarter. GAMMA Investing LLC increased its holdings in PJT Partners by 32.3% during the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 109 shares during the period. Ellsworth Advisors LLC raised its position in PJT Partners by 3.8% during the 4th quarter. Ellsworth Advisors LLC now owns 5,647 shares of the financial services provider's stock valued at $891,000 after purchasing an additional 205 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in PJT Partners by 4.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,080 shares of the financial services provider's stock worth $802,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 89.23% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their target price on PJT Partners from $152.00 to $161.00 and gave the company a "market perform" rating in a report on Monday. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $154.50.

PJT Partners Stock Down 0.6%

Shares of NYSE:PJT traded down $0.90 during trading on Wednesday, hitting $149.16. The stock had a trading volume of 56,035 shares, compared to its average volume of 243,205. PJT Partners Inc. has a 12 month low of $99.42 and a 12 month high of $190.28. The company has a market capitalization of $3.48 billion, a PE ratio of 30.44 and a beta of 0.76. The firm's fifty day moving average is $137.97 and its 200 day moving average is $152.52.

PJT Partners (NYSE:PJT - Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.11. The firm had revenue of $324.50 million for the quarter, compared to the consensus estimate of $361.26 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The company's revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. Equities research analysts expect that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Wednesday, June 4th. PJT Partners's dividend payout ratio (DPR) is 17.64%.

Insiders Place Their Bets

In other news, General Counsel David Adam Travin sold 5,000 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $141.74, for a total transaction of $708,700.00. Following the transaction, the general counsel now directly owns 2,288 shares of the company's stock, valued at $324,301.12. This represents a 68.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 11.75% of the company's stock.

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.