Ensign Peak Advisors Inc Sells 1,050 Shares of PJT Partners Inc. $PJT

Ensign Peak Advisors Inc reduced its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 12.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,480 shares of the financial services provider’s stock after selling 1,050 shares during the period. Ensign Peak Advisors Inc’s holdings in PJT Partners were worth $1,234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC grew its position in shares of PJT Partners by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 674,958 shares of the financial services provider’s stock valued at $111,387,000 after acquiring an additional 16,591 shares during the period. Congress Asset Management Co. lifted its position in PJT Partners by 3.8% during the second quarter. Congress Asset Management Co. now owns 504,146 shares of the financial services provider’s stock valued at $83,189,000 after purchasing an additional 18,571 shares in the last quarter. Alliancebernstein L.P. grew its holdings in PJT Partners by 1.4% during the first quarter. Alliancebernstein L.P. now owns 481,410 shares of the financial services provider’s stock valued at $66,377,000 after purchasing an additional 6,700 shares during the period. Goldman Sachs Group Inc. increased its position in PJT Partners by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 370,536 shares of the financial services provider’s stock worth $51,090,000 after buying an additional 19,806 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in PJT Partners by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 232,584 shares of the financial services provider’s stock worth $38,379,000 after buying an additional 1,504 shares in the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Performance

Shares of NYSE:PJT opened at $168.01 on Friday. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 25.85 and a beta of 0.79. The firm has a fifty day moving average price of $172.69 and a 200 day moving average price of $170.81. PJT Partners Inc. has a fifty-two week low of $119.76 and a fifty-two week high of $190.27.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.61. PJT Partners had a net margin of 10.75% and a return on equity of 29.66%. The company had revenue of $447.09 million for the quarter, compared to the consensus estimate of $386.76 million. As a group, research analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. PJT Partners’s dividend payout ratio is presently 15.38%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. BMO Capital Markets initiated coverage on PJT Partners in a research report on Friday, October 3rd. They set an “outperform” rating and a $205.00 price objective on the stock. Evercore ISI set a $180.00 price target on shares of PJT Partners in a report on Monday, October 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of PJT Partners from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Keefe, Bruyette & Woods upped their target price on shares of PJT Partners from $180.00 to $182.00 and gave the stock a “market perform” rating in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, PJT Partners currently has a consensus rating of “Hold” and a consensus price target of $185.50.

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.