PJT Partners Inc. $PJT Shares Purchased by Tidal Investments LLC

Tidal Investments LLC boosted its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 3.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 119,193 shares of the financial services provider’s stock after purchasing an additional 4,147 shares during the quarter. Tidal Investments LLC’s holdings in PJT Partners were worth $17,991,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in PJT. Royal Bank of Canada grew its position in shares of PJT Partners by 45.7% during the first quarter. Royal Bank of Canada now owns 11,471 shares of the financial services provider’s stock worth $1,581,000 after buying an additional 3,596 shares in the last quarter. AQR Capital Management LLC boosted its stake in PJT Partners by 57.7% during the 1st quarter. AQR Capital Management LLC now owns 7,330 shares of the financial services provider’s stock valued at $1,011,000 after acquiring an additional 2,681 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in PJT Partners by 4.7% during the 1st 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 acquiring an additional 620 shares during the last quarter. Millennium Management LLC grew its holdings in PJT Partners by 1,394.5% during the 1st quarter. Millennium Management LLC now owns 52,563 shares of the financial services provider’s stock worth $7,247,000 after acquiring an additional 49,046 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in 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 in the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PJT. BMO Capital Markets boosted their target price on shares of PJT Partners from $183.00 to $194.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Zacks Research raised shares of PJT Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen downgraded PJT Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Keefe, Bruyette & Woods boosted their price objective on PJT Partners from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PJT Partners in a research note on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $177.50.

PJT Partners Trading Down 3.5%

Shares of NYSE PJT opened at $171.71 on Friday. PJT Partners Inc. has a 12-month low of $127.73 and a 12-month high of $195.62. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 23.49 and a beta of 0.84. The stock’s 50 day simple moving average is $171.38 and its 200 day simple moving average is $157.44.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.40. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%.The firm had revenue of $486.29 million during the quarter, compared to the consensus estimate of $425.28 million. During the same period in the prior year, the business earned $1.54 EPS. The firm’s revenue was up 19.5% on a year-over-year basis. As a group, equities analysts forecast that PJT Partners Inc. will post 8 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. PJT Partners’s dividend payout ratio is currently 13.68%.

Insider Activity

In related news, Director Grace Skaugen sold 1,283 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $167.67, for a total value of $215,120.61. Following the sale, the director owned 500 shares of the company’s stock, valued at $83,835. This trade represents a 71.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Costos sold 1,723 shares of PJT Partners stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $175.00, for a total transaction of $301,525.00. Following the completion of the sale, the director owned 11,289 shares in the company, valued at approximately $1,975,575. This represents a 13.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,951 shares of company stock worth $2,061,681 over the last ninety days. Insiders own 10.98% of the company’s stock.

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.