Tudor Investment Corp ET AL Trims Stake in PJT Partners Inc. $PJT

Tudor Investment Corp ET AL lessened its position in PJT Partners Inc. (NYSE:PJT) by 24.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 92,731 shares of the financial services provider’s stock after selling 30,702 shares during the period. Tudor Investment Corp ET AL’s holdings in PJT Partners were worth $16,481,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in PJT Partners by 45.7% in the first quarter. Royal Bank of Canada now owns 11,471 shares of the financial services provider’s stock worth $1,581,000 after purchasing an additional 3,596 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of 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 valued at $1,011,000 after buying an additional 2,681 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 valued at $1,915,000 after buying an additional 620 shares during the last quarter. Millennium Management LLC raised its holdings in shares of PJT Partners by 1,394.5% in the first quarter. Millennium Management LLC now owns 52,563 shares of the financial services provider’s stock worth $7,247,000 after buying an additional 49,046 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of PJT Partners by 5.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 370,536 shares of the financial services provider’s stock worth $51,090,000 after acquiring an additional 19,806 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors.

PJT Partners Trading Up 0.3%

Shares of PJT Partners stock opened at $131.03 on Friday. The stock’s fifty day moving average price is $158.40 and its 200-day moving average price is $168.48. The firm has a market cap of $3.18 billion, a P/E ratio of 19.73 and a beta of 0.85. PJT Partners Inc. has a 12 month low of $119.76 and a 12 month high of $195.62.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $2.55 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 firm had revenue of $535.16 million during the quarter, compared to analyst estimates of $533.32 million. During the same period in the previous year, the company posted $1.90 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, March 4th. PJT Partners’s dividend payout ratio is presently 15.06%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PJT. The Goldman Sachs Group cut their price objective 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. Keefe, Bruyette & Woods lifted their target price on PJT Partners from $186.00 to $188.00 and gave the stock a “market perform” rating in a research report on Thursday, January 8th. Wall Street Zen lowered shares of PJT Partners from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Zacks Research downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of PJT Partners in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, PJT Partners has an average rating of “Hold” and a consensus price target of $174.67.

PJT Partners Company 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.