PJT Partners Inc. $PJT Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group raised its stake in shares of PJT Partners Inc. (NYSE:PJT) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 216,440 shares of the financial services provider’s stock after acquiring an additional 6,314 shares during the quarter. Schroder Investment Management Group owned approximately 0.89% of PJT Partners worth $39,046,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Inceptionr LLC acquired a new stake in shares of PJT Partners in the 3rd quarter valued at about $397,000. Diversify Advisory Services LLC grew its stake in PJT Partners by 7.1% in the third quarter. Diversify Advisory Services LLC now owns 3,196 shares of the financial services provider’s stock worth $519,000 after purchasing an additional 211 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in PJT Partners in the third quarter worth about $570,000. Dimensional Fund Advisors LP increased its holdings in PJT Partners by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 358,828 shares of the financial services provider’s stock valued at $63,777,000 after buying an additional 6,448 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in PJT Partners by 8.7% in the third quarter. Victory Capital Management Inc. now owns 27,320 shares of the financial services provider’s stock valued at $4,856,000 after buying an additional 2,176 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Stock Down 1.5%

Shares of NYSE PJT opened at $137.50 on Thursday. The firm’s 50-day moving average price is $164.89 and its two-hundred day moving average price is $170.84. PJT Partners Inc. has a 52-week low of $119.76 and a 52-week high of $195.62. The stock has a market capitalization of $3.34 billion, a P/E ratio of 20.71 and a beta of 0.85.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, February 3rd. The financial services provider reported $2.55 EPS for the quarter, beating the consensus estimate of $2.41 by $0.14. The company had revenue of $535.16 million during the quarter, compared to analyst estimates of $533.32 million. PJT Partners had a return on equity of 31.69% and a net margin of 10.51%.The business’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.90 earnings per share. As a group, equities research analysts expect that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. PJT Partners’s payout ratio is currently 15.06%.

Analyst Upgrades and Downgrades

PJT has been the topic of a number of research analyst reports. UBS Group started coverage on PJT Partners in a report on Thursday, December 11th. They set a “neutral” rating and a $180.00 target price on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of PJT Partners in a report on Thursday, January 22nd. Zacks Research lowered PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. The Goldman Sachs Group reduced their price objective on PJT Partners from $197.00 to $174.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of PJT Partners from $186.00 to $188.00 and gave the stock a “market perform” rating in a report on Thursday, January 8th. One investment 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $179.50.

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.