PJT Partners Inc. $PJT Shares Sold by Tudor Investment Corp ET AL

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

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC grew its position in PJT Partners by 50.8% during the third quarter. CWM LLC now owns 181 shares of the financial services provider’s stock worth $32,000 after buying an additional 61 shares during the period. M&T Bank Corp lifted its position in shares of PJT Partners by 3.3% during the 2nd quarter. M&T Bank Corp now owns 2,302 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 74 shares during the period. F m Investments LLC boosted its stake in shares of PJT Partners by 0.3% during the 2nd quarter. F m Investments LLC now owns 26,851 shares of the financial services provider’s stock worth $4,431,000 after acquiring an additional 80 shares in the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of PJT Partners by 3.3% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 2,551 shares of the financial services provider’s stock worth $453,000 after acquiring an additional 81 shares during the period. Finally, California State Teachers Retirement System grew its holdings in shares of PJT Partners by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 20,992 shares of the financial services provider’s stock worth $3,464,000 after acquiring an additional 97 shares during the period. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Performance

Shares of NYSE:PJT opened at $131.03 on Friday. The business’s fifty day moving average price is $158.40 and its two-hundred day moving average price is $168.48. The stock has a market cap of $3.18 billion, a PE ratio of 19.73 and a beta of 0.85. PJT Partners Inc. has a one year low of $119.76 and a one 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 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.14. PJT Partners had a return on equity of 31.69% and a net margin of 10.51%.The business had revenue of $535.16 million for the quarter, compared to analyst estimates of $533.32 million. During the same quarter last year, the company earned $1.90 earnings per share. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities research analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

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

Wall Street Analyst Weigh In

PJT has been the subject of several research reports. Zacks Research cut PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. UBS Group dropped their price target on PJT Partners from $180.00 to $151.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PJT Partners in a research note on Thursday, January 22nd. Wolfe Research reissued an “underperform” rating and issued a $150.00 price objective on shares of PJT Partners in a research note on Wednesday, January 7th. Finally, Wall Street Zen downgraded shares of PJT Partners from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, PJT Partners has an average rating of “Hold” and an average price target of $174.67.

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.