First Bank & Trust Sells 168 Shares of PJT Partners Inc. (NYSE:PJT)

First Bank & Trust lowered its position in PJT Partners Inc. (NYSE:PJT) by 3.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,106 shares of the financial services provider’s stock after selling 168 shares during the quarter. First Bank & Trust’s holdings in PJT Partners were worth $806,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Sanctuary Advisors LLC lifted its stake in PJT Partners by 2.9% in the 4th quarter. Sanctuary Advisors LLC now owns 2,274 shares of the financial services provider’s stock worth $375,000 after purchasing an additional 65 shares in the last quarter. Captrust Financial Advisors lifted its stake in PJT Partners by 2.2% in the 3rd quarter. Captrust Financial Advisors now owns 3,149 shares of the financial services provider’s stock worth $420,000 after purchasing an additional 67 shares in the last quarter. M&T Bank Corp lifted its stake in PJT Partners by 3.5% in the 3rd quarter. M&T Bank Corp now owns 2,220 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 75 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of PJT Partners by 0.9% during the 3rd quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider’s stock valued at $1,425,000 after buying an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of 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 buying an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Price Performance

PJT Partners 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 market capitalization of $4.21 billion, a P/E ratio of 36.26 and a beta of 0.67. The company’s 50-day moving average is $163.34 and its 200 day moving average is $147.81.

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

PJT Partners Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Citizens Jmp cut shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. UBS Group upgraded shares of PJT Partners from a “sell” rating to a “neutral” rating and upped their target price for the company from $130.00 to $175.00 in a research report on Friday, December 6th. Keefe, Bruyette & Woods upped their target price on shares of 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, JMP Securities cut shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.