Loomis Sayles & Co. L P Has $67.60 Million Stock Position in PJT Partners Inc. (NYSE:PJT)

Loomis Sayles & Co. L P lowered its holdings in PJT Partners Inc. (NYSE:PJT) by 13.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 428,365 shares of the financial services provider’s stock after selling 64,444 shares during the quarter. Loomis Sayles & Co. L P’s holdings in PJT Partners were worth $67,600,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Quarry LP raised its holdings in shares of PJT Partners by 186.3% in the 3rd quarter. Quarry LP now owns 209 shares of the financial services provider’s stock worth $28,000 after buying an additional 136 shares in the last quarter. Principal Securities Inc. increased its position in shares of PJT Partners by 385.4% during the 4th quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 158 shares in the last quarter. GAMMA Investing LLC lifted 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 last quarter. PNC Financial Services Group Inc. grew its stake in PJT Partners by 51.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider’s stock worth $82,000 after buying an additional 176 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of PJT Partners by 25.4% during the fourth quarter. KBC Group NV now owns 1,007 shares of the financial services provider’s stock worth $159,000 after buying an additional 204 shares in the last quarter. Institutional investors own 89.23% of the company’s stock.

PJT Partners Trading Down 1.6 %

Shares of PJT Partners stock opened at $144.97 on Thursday. The firm’s 50 day moving average is $159.00 and its 200 day moving average is $152.62. The firm has a market capitalization of $3.38 billion, a PE ratio of 29.59 and a beta of 0.68. PJT Partners Inc. has a 1 year low of $90.95 and a 1 year high of $190.28.

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

PJT Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.69%. PJT Partners’s dividend payout ratio (DPR) is presently 20.41%.

Analyst Ratings Changes

PJT has been the topic of several research reports. JMP Securities downgraded PJT Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 13th. Keefe, Bruyette & Woods raised their price objective on 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 downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, UBS Group raised 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. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $158.50.

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.