State of Tennessee Department of Treasury Sells 4,778 Shares of PJT Partners Inc. (NYSE:PJT)

State of Tennessee Department of Treasury reduced its holdings in PJT Partners Inc. (NYSE:PJT - Free Report) by 46.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,451 shares of the financial services provider's stock after selling 4,778 shares during the period. State of Tennessee Department of Treasury's holdings in PJT Partners were worth $860,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. MetLife Investment Management LLC lifted its position in shares of PJT Partners by 1.6% in the fourth quarter. MetLife Investment Management LLC now owns 13,827 shares of the financial services provider's stock valued at $2,182,000 after acquiring an additional 213 shares in the last quarter. Dean Investment Associates LLC raised its holdings in PJT Partners by 2.4% during the fourth quarter. Dean Investment Associates LLC now owns 17,729 shares of the financial services provider's stock worth $2,798,000 after purchasing an additional 423 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of PJT Partners during the fourth quarter worth approximately $248,000. Barclays PLC raised its position in PJT Partners by 16.6% during the 4th quarter. Barclays PLC now owns 60,703 shares of the financial services provider's stock worth $9,578,000 after buying an additional 8,658 shares during the last quarter. Finally, Advisors Capital Management LLC boosted its holdings in PJT Partners by 0.4% during the fourth quarter. Advisors Capital Management LLC now owns 69,620 shares of the financial services provider's stock worth $10,987,000 after buying an additional 298 shares in the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

PJT Partners Price Performance

Shares of NYSE PJT traded up $2.39 during midday trading on Thursday, reaching $144.70. 30,268 shares of the company traded hands, compared to its average volume of 242,288. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 29.53 and a beta of 0.76. The stock has a 50-day moving average price of $138.24 and a 200 day moving average price of $152.32. PJT Partners Inc. has a 52 week low of $97.74 and a 52 week high of $190.28.

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 during the quarter, compared to the consensus estimate of $361.26 million. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 earnings per share. As a group, analysts expect that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.69%. PJT Partners's payout ratio is presently 17.64%.

Analyst Upgrades and Downgrades

PJT has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of PJT Partners from $152.00 to $177.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Citizens Jmp lowered shares of PJT Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, JMP Securities lowered PJT Partners from an "outperform" rating to a "market perform" rating in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, PJT Partners presently has a consensus rating of "Hold" and an average price target of $158.50.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $141.74, for a total transaction of $708,700.00. Following the sale, the general counsel now directly owns 2,288 shares of the company's stock, valued at approximately $324,301.12. This represents a 68.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 11.71% 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.