Aberdeen Group plc Sells 25,461 Shares of PJT Partners Inc. $PJT

Aberdeen Group plc decreased its holdings in PJT Partners Inc. (NYSE:PJT) by 27.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,728 shares of the financial services provider’s stock after selling 25,461 shares during the period. Aberdeen Group plc owned about 0.27% of PJT Partners worth $10,990,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. EFG Asset Management North America Corp. bought a new stake in shares of PJT Partners in the 3rd quarter valued at about $1,256,000. Mutual of America Capital Management LLC boosted its holdings in shares of PJT Partners by 19.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 78,321 shares of the financial services provider’s stock valued at $13,920,000 after buying an additional 12,537 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of PJT Partners by 17.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 208,264 shares of the financial services provider’s stock valued at $37,015,000 after buying an additional 31,594 shares in the last quarter. Congress Asset Management Co. boosted its holdings in shares of PJT Partners by 5.4% in the 3rd quarter. Congress Asset Management Co. now owns 531,378 shares of the financial services provider’s stock valued at $94,442,000 after buying an additional 27,232 shares in the last quarter. Finally, Azora Capital LP bought a new stake in shares of PJT Partners in the 3rd quarter valued at about $40,061,000. Institutional investors own 89.23% of the company’s stock.

PJT Partners Trading Up 1.0%

NYSE:PJT opened at $141.55 on Wednesday. PJT Partners Inc. has a 12 month low of $122.99 and a 12 month high of $195.62. The firm has a fifty day simple moving average of $147.46 and a 200-day simple moving average of $164.64. The company has a market capitalization of $3.42 billion, a P/E ratio of 21.32 and a beta of 0.88.

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, topping the consensus estimate of $2.41 by $0.14. PJT Partners had a net margin of 10.51% and a return on equity of 31.69%. The business had revenue of $535.16 million during the quarter, compared to the consensus estimate of $533.32 million. During the same period in the previous year, the firm posted $1.90 earnings per share. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, March 4th. PJT Partners’s dividend payout ratio is 15.06%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen cut shares of PJT Partners from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PJT Partners in a research report on Thursday, January 22nd. Zacks Research lowered PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. The Goldman Sachs Group raised PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Wednesday, April 1st. Finally, Wolfe Research reaffirmed an “underperform” rating and set a $150.00 target price on shares of PJT Partners in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $174.00.

About PJT Partners

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.