PJT Partners Inc. $PJT Shares Sold by Aberdeen Group plc

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

A number of other hedge funds and other institutional investors have also made changes to their positions in PJT. CWM LLC increased its stake in PJT Partners by 50.8% in the third quarter. CWM LLC now owns 181 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 61 shares during the last quarter. M&T Bank Corp grew its holdings in PJT Partners by 3.3% in the 2nd quarter. M&T Bank Corp now owns 2,302 shares of the financial services provider’s stock valued at $380,000 after buying an additional 74 shares during the period. F m Investments LLC lifted its holdings in shares of PJT Partners by 0.3% during the 2nd quarter. F m Investments LLC now owns 26,851 shares of the financial services provider’s stock worth $4,431,000 after acquiring an additional 80 shares during the period. Linden Thomas Advisory Services LLC lifted its holdings in shares of PJT Partners by 3.3% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 2,551 shares of the financial services provider’s stock worth $453,000 after acquiring an additional 81 shares during the period. Finally, Huntington National Bank boosted its position in shares of PJT Partners by 13.8% in the second quarter. Huntington National Bank now owns 710 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Price Performance

NYSE:PJT opened at $154.04 on Thursday. The business’s 50-day moving average is $171.96 and its two-hundred day moving average is $174.28. PJT Partners Inc. has a 12 month low of $119.76 and a 12 month high of $195.62. The firm has a market capitalization of $3.74 billion, a PE ratio of 23.20 and a beta of 0.82.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.14. The company had revenue of $535.16 million during the quarter, compared to the consensus estimate of $533.32 million. PJT Partners had a return on equity of 32.98% and a net margin of 10.51%.The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.90 earnings per share. Equities 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. Shareholders of record on Wednesday, March 4th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.00 annualized dividend and a yield of 0.6%. PJT Partners’s dividend payout ratio (DPR) is 15.06%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wolfe Research reaffirmed an “underperform” rating and set a $150.00 price target on shares of PJT Partners in a research report on Wednesday, January 7th. The Goldman Sachs Group cut their target price on PJT Partners from $197.00 to $174.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Zacks Research cut PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Keefe, Bruyette & Woods upped their price target on PJT Partners from $186.00 to $188.00 and gave the stock a “market perform” rating in a research note on Thursday, January 8th. Finally, Wall Street Zen upgraded PJT Partners from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $179.50.

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.