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

Aberdeen Group plc lessened its stake in PJT Partners Inc. (NYSE:PJT) by 27.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,728 shares of the financial services provider’s stock after selling 25,461 shares during the quarter. Aberdeen Group plc’s holdings in PJT Partners were worth $10,990,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. EFG Asset Management North America Corp. acquired a new position in shares of PJT Partners in the 3rd quarter valued at about $1,256,000. Mutual of America Capital Management LLC lifted 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 during the period. Massachusetts Financial Services Co. MA lifted 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 during the period. Congress Asset Management Co. grew its position in PJT Partners by 5.4% during the third 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 during the period. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in PJT Partners during the third quarter valued at $4,839,000. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Price Performance

Shares of PJT stock opened at $141.55 on Wednesday. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 21.32 and a beta of 0.88. The stock has a 50 day simple moving average of $147.46 and a 200-day simple moving average of $164.64. PJT Partners Inc. has a 1-year low of $122.99 and a 1-year high of $195.62.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.14. PJT Partners had a return on equity of 31.69% and a net margin of 10.51%.The company had revenue of $535.16 million for the quarter, compared to analysts’ expectations of $533.32 million. During the same period in the previous year, the firm posted $1.90 EPS. PJT Partners’s revenue was up 12.1% compared to the same quarter last year. Analysts anticipate that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The company also recently disclosed 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 payout ratio is presently 15.06%.

Analyst Ratings Changes

Several research firms recently commented on PJT. UBS Group dropped their price target on shares of PJT Partners from $180.00 to $151.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Keefe, Bruyette & Woods raised their price target on shares of PJT Partners from $186.00 to $188.00 and gave the company a “market perform” rating in a research report on Thursday, January 8th. Wolfe Research restated 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 upgraded shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Wednesday, April 1st. Finally, Zacks Research lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, PJT Partners currently has a consensus 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.