PJT Partners Inc. (NYSE:PJT) Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of PJT Partners Inc. (NYSE:PJT) by 36.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,049 shares of the financial services provider’s stock after purchasing an additional 22,556 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.36% of PJT Partners worth $8,017,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its holdings in shares of PJT Partners by 11,553.8% in the 4th quarter. Hsbc Holdings PLC now owns 510,089 shares of the financial services provider’s stock valued at $52,120,000 after purchasing an additional 505,712 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of PJT Partners by 15.0% in the 4th quarter. Vanguard Group Inc. now owns 2,429,691 shares of the financial services provider’s stock valued at $247,513,000 after purchasing an additional 317,437 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of PJT Partners by 934.8% in the 4th quarter. Principal Financial Group Inc. now owns 129,872 shares of the financial services provider’s stock valued at $13,230,000 after purchasing an additional 117,322 shares during the last quarter. Woodson Capital Management LP purchased a new stake in shares of PJT Partners in the 4th quarter valued at about $8,150,000. Finally, BNP Paribas Financial Markets raised its stake in PJT Partners by 116.0% during the 1st quarter. BNP Paribas Financial Markets now owns 41,251 shares of the financial services provider’s stock valued at $3,888,000 after acquiring an additional 22,157 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Stock Performance

Shares of PJT traded down $0.93 during trading hours on Friday, hitting $117.68. The stock had a trading volume of 10,613 shares, compared to its average volume of 250,384. The firm has a market cap of $2.82 billion, a P/E ratio of 32.67 and a beta of 0.62. The company’s fifty day simple moving average is $106.60 and its 200 day simple moving average is $100.63. PJT Partners Inc. has a 12-month low of $71.47 and a 12-month high of $121.90.

PJT Partners (NYSE:PJT) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.53. The business had revenue of $329.39 million for the quarter, compared to analyst estimates of $229.32 million. PJT Partners had a return on equity of 17.36% and a net margin of 7.57%. The business’s quarterly revenue was up 64.7% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. As a group, sell-side analysts predict that PJT Partners Inc. will post 4 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.85%. The ex-dividend date was Wednesday, June 5th. PJT Partners’s dividend payout ratio (DPR) is presently 27.55%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Keefe, Bruyette & Woods upped their price objective on PJT Partners from $99.00 to $108.00 and gave the company a “market perform” rating in a research note on Friday, July 12th. JMP Securities restated a “market outperform” rating and issued a $110.00 price target on shares of PJT Partners in a report on Tuesday, April 9th. Finally, UBS Group upped their price target on PJT Partners from $85.00 to $93.00 and gave the stock a “sell” rating in a report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, PJT Partners has an average rating of “Hold” and an average price target of $99.80.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.