Intrust Bank NA Trims Holdings in PJT Partners Inc. (NYSE:PJT)

Intrust Bank NA lowered its stake in shares of PJT Partners Inc. (NYSE:PJT) by 2.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,427 shares of the financial services provider’s stock after selling 79 shares during the period. Intrust Bank NA’s holdings in PJT Partners were worth $541,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Intech Investment Management LLC acquired a new stake in shares of PJT Partners in the third quarter valued at $689,000. Charles Schwab Investment Management Inc. boosted its holdings in PJT Partners by 4.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 252,090 shares of the financial services provider’s stock valued at $33,614,000 after acquiring an additional 11,707 shares during the period. Citigroup Inc. grew its position in PJT Partners by 101.1% in the 3rd quarter. Citigroup Inc. now owns 30,103 shares of the financial services provider’s stock valued at $4,014,000 after acquiring an additional 15,135 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in PJT Partners during the third quarter worth about $234,000. Finally, FMR LLC lifted its position in shares of PJT Partners by 10.9% during the third quarter. FMR LLC now owns 417,271 shares of the financial services provider’s stock worth $55,639,000 after purchasing an additional 41,007 shares in the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Trading Down 2.9 %

Shares of PJT opened at $135.91 on Friday. PJT Partners Inc. has a twelve month low of $90.95 and a twelve month high of $190.28. The firm’s fifty day simple moving average is $158.16 and its 200-day simple moving average is $152.89. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 27.74 and a beta of 0.68.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.19 by $0.71. The firm had revenue of $477.30 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 earnings per share. On average, analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.74%. The ex-dividend date was Wednesday, March 5th. PJT Partners’s payout ratio is 20.41%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PJT. Keefe, Bruyette & Woods lifted their price objective 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 PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. UBS Group upgraded PJT Partners from a “sell” rating to a “neutral” rating and increased their price objective for the company from $130.00 to $175.00 in a research note on Friday, December 6th. Finally, JMP Securities cut PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, PJT Partners presently has a consensus rating of “Hold” and a consensus target price 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.