BNP Paribas Financial Markets Increases Stock Position in PJT Partners Inc. $PJT

BNP Paribas Financial Markets lifted its position in shares of PJT Partners Inc. (NYSE:PJT) by 10.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 80,144 shares of the financial services provider’s stock after buying an additional 7,362 shares during the period. BNP Paribas Financial Markets’ holdings in PJT Partners were worth $13,400,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

PJT has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of PJT Partners from $166.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group raised shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 price target for the company in a research report on Wednesday, April 1st. UBS Group upped their price target on shares of PJT Partners from $152.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Zacks Research lowered shares of PJT Partners from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Finally, Wall Street Zen lowered shares of PJT Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PJT Partners has a consensus rating of “Hold” and an average target price of $173.33.

PJT Partners Stock Down 0.1%

PJT Partners stock opened at $157.01 on Monday. PJT Partners Inc. has a 52-week low of $127.73 and a 52-week high of $195.62. The firm has a fifty day moving average of $152.52 and a 200-day moving average of $159.23. The firm has a market capitalization of $4.06 billion, a P/E ratio of 22.89 and a beta of 0.85.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.03. PJT Partners had a net margin of 10.32% and a return on equity of 32.00%. The company had revenue of $418.20 million during the quarter, compared to analyst estimates of $409.38 million. During the same quarter in the prior year, the business earned $1.05 earnings per share. The business’s quarterly revenue was up 28.9% compared to the same quarter last year. On average, research analysts expect that PJT Partners Inc. will post 7.5 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. PJT Partners’s dividend payout ratio is presently 14.58%.

Insider Buying and Selling at PJT Partners

In other news, General Counsel David Adam Travin sold 3,000 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $152.43, for a total value of $457,290.00. Following the completion of the sale, the general counsel owned 2,052 shares of the company’s stock, valued at $312,786.36. This represents a 59.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Helen T. Meates sold 8,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $153.19, for a total transaction of $1,225,520.00. Following the completion of the sale, the chief financial officer directly owned 58,466 shares of the company’s stock, valued at $8,956,406.54. The trade was a 12.04% decrease in their position. The disclosure for this sale is available in the SEC filing. 10.98% of the stock is owned by corporate insiders.

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.