Aberdeen Group plc Decreases Stake in PJT Partners Inc. $PJT

Aberdeen Group plc lessened its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 9.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,189 shares of the financial services provider’s stock after selling 9,222 shares during the period. Aberdeen Group plc owned approximately 0.38% of PJT Partners worth $16,450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PJT. Royal Bank of Canada grew its stake in shares of PJT Partners by 45.7% during the 1st quarter. Royal Bank of Canada now owns 11,471 shares of the financial services provider’s stock worth $1,581,000 after purchasing an additional 3,596 shares during the period. AQR Capital Management LLC boosted its holdings in PJT Partners by 57.7% during the first quarter. AQR Capital Management LLC now owns 7,330 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 2,681 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in PJT Partners by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,887 shares of the financial services provider’s stock worth $1,915,000 after buying an additional 620 shares during the period. Millennium Management LLC increased its holdings in PJT Partners by 1,394.5% in the first quarter. Millennium Management LLC now owns 52,563 shares of the financial services provider’s stock valued at $7,247,000 after buying an additional 49,046 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of PJT Partners by 5.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 370,536 shares of the financial services provider’s stock valued at $51,090,000 after acquiring an additional 19,806 shares during the period. Institutional investors and hedge funds own 89.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PJT shares. Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a research note on Thursday, January 22nd. UBS Group initiated coverage on PJT Partners in a research report on Thursday, December 11th. They set a “neutral” rating and a $180.00 target price on the stock. Keefe, Bruyette & Woods upped their target price on PJT Partners from $186.00 to $188.00 and gave the company a “market perform” rating in a report on Thursday, January 8th. Wall Street Zen raised PJT Partners from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, The Goldman Sachs Group decreased their price objective on shares of PJT Partners from $197.00 to $174.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $179.50.

PJT Partners Stock Up 1.3%

NYSE PJT opened at $154.04 on Thursday. PJT Partners Inc. has a fifty-two week low of $119.76 and a fifty-two week high of $195.62. The business has a fifty day moving average of $171.96 and a 200-day moving average of $174.28. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 23.20 and a beta of 0.82.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.14. PJT Partners had a return on equity of 32.98% and a net margin of 10.51%.The business had revenue of $535.16 million for the quarter, compared to analyst estimates of $533.32 million. During the same quarter last year, the company earned $1.90 earnings per share. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, March 4th. PJT Partners’s payout ratio is currently 15.06%.

PJT Partners Profile

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.