Scout Investments Inc. Sells 5,739 Shares of PJT Partners Inc. (NYSE:PJT)

Scout Investments Inc. trimmed its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 6.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,306 shares of the financial services provider’s stock after selling 5,739 shares during the quarter. Scout Investments Inc. owned approximately 0.38% of PJT Partners worth $8,585,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PJT. Hsbc Holdings PLC increased its holdings in PJT Partners by 11,553.8% during the fourth quarter. Hsbc Holdings PLC now owns 510,089 shares of the financial services provider’s stock valued at $52,120,000 after buying an additional 505,712 shares during the period. Vanguard Group Inc. increased its holdings in PJT Partners by 15.0% during the fourth quarter. Vanguard Group Inc. now owns 2,429,691 shares of the financial services provider’s stock valued at $247,513,000 after buying an additional 317,437 shares during the period. Principal Financial Group Inc. increased its holdings in PJT Partners by 934.8% during the fourth quarter. Principal Financial Group Inc. now owns 129,872 shares of the financial services provider’s stock valued at $13,230,000 after buying an additional 117,322 shares during the period. Woodson Capital Management LP purchased a new position in PJT Partners during the fourth quarter valued at approximately $8,150,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in PJT Partners by 36.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,049 shares of the financial services provider’s stock valued at $8,017,000 after buying an additional 22,556 shares during the period. 89.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

PJT Partners Stock Down 0.9 %

Shares of PJT traded down $1.11 during trading hours on Friday, reaching $117.50. 73,985 shares of the company traded hands, compared to its average volume of 250,867. The stock has a market capitalization of $2.82 billion, a P/E ratio of 32.32 and a beta of 0.62. PJT Partners Inc. has a 12-month low of $71.47 and a 12-month high of $121.90. The business has a fifty day moving average price of $106.60 and a 200-day moving average price of $100.63.

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

PJT Partners Dividend Announcement

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

PJT Partners 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.