Envestnet Asset Management Inc. Decreases Stake in PJT Partners Inc. (NYSE:PJT)

Envestnet Asset Management Inc. lessened its stake in shares of PJT Partners Inc. ( NYSE:PJT – Free Report ) by 12.

4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,527 shares of the financial services provider’s stock after selling 13,422 shares during the quarter. Envestnet Asset Management Inc.



’s holdings in PJT Partners were worth $14,917,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also recently made changes to their positions in PJT. Stifel Financial Corp increased its holdings in PJT Partners by 23.

7% during the 3rd quarter. Stifel Financial Corp now owns 7,249 shares of the financial services provider’s stock valued at $967,000 after purchasing an additional 1,387 shares during the period. Barclays PLC grew its position in shares of PJT Partners by 158.

6% in the 3rd quarter. Barclays PLC now owns 52,045 shares of the financial services provider’s stock worth $6,940,000 after buying an additional 31,922 shares during the last quarter. M&T Bank Corp increased its stake in shares of PJT Partners by 3.

5% during the third quarter. M&T Bank Corp now owns 2,220 shares of the financial services provider’s stock valued at $296,000 after buying an additional 75 shares during the period. Geode Capital Management LLC boosted its holdings in PJT Partners by 7.

9% in the third quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider’s stock valued at $82,556,000 after acquiring an additional 45,327 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in PJT Partners during the 3rd quarter valued at $631,000.

Institutional investors own 89.23% of the company’s stock. PJT Partners Stock Performance PJT stock opened at $129.

02 on Thursday. The business’s 50-day moving average is $147.70 and its two-hundred day moving average is $152.

73. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 26.

33 and a beta of 0.77. PJT Partners Inc.

has a fifty-two week low of $90.95 and a fifty-two week high of $190.28.

PJT Partners Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.25 per share.

This represents a $1.00 annualized dividend and a dividend yield of 0.78%.

The ex-dividend date of this dividend was Wednesday, March 5th. PJT Partners’s dividend payout ratio is presently 20.41%.

Analysts Set New Price Targets PJT has been the subject of several research analyst reports. Citizens Jmp lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Keefe, Bruyette & Woods increased their price objective 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 downgraded 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, According to data from MarketBeat, PJT Partners presently has an average rating of “Hold” and an average price target of $158.50. Get Our Latest Stock Report on PJT Partners PJT Partners Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding PJT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PJT Partners Inc.

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