Tudor Investment Corp ET AL Sells 30,702 Shares of PJT Partners Inc. $PJT

Tudor Investment Corp ET AL lowered its position in shares of PJT Partners Inc. (NYSE:PJT) by 24.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 92,731 shares of the financial services provider’s stock after selling 30,702 shares during the quarter. Tudor Investment Corp ET AL owned 0.38% of PJT Partners worth $16,481,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PJT. CWM LLC raised its position in shares of PJT Partners by 50.8% during the 3rd quarter. CWM LLC now owns 181 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 61 shares during the period. Aster Capital Management DIFC Ltd bought a new position in PJT Partners in the 3rd quarter worth $33,000. Salomon & Ludwin LLC purchased a new stake in PJT Partners in the 3rd quarter worth $41,000. State of Wyoming purchased a new stake in PJT Partners in the 2nd quarter worth $63,000. Finally, Quadrant Capital Group LLC bought a new stake in PJT Partners during the third quarter valued at about $90,000. 89.23% of the stock is owned by hedge funds and other institutional investors.

PJT Partners Stock Up 0.3%

Shares of NYSE:PJT opened at $131.03 on Friday. The firm has a fifty day simple moving average of $158.40 and a two-hundred day simple moving average of $168.48. 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 $3.18 billion, a P/E ratio of 19.73 and a beta of 0.85.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results 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 net margin of 10.51% and a return on equity of 31.69%. The firm had revenue of $535.16 million during the quarter, compared to the consensus estimate of $533.32 million. During the same quarter last year, the firm earned $1.90 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts expect that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of PJT Partners from $197.00 to $174.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Wolfe Research reiterated an “underperform” rating and issued a $150.00 target price on shares of PJT Partners in a research report on Wednesday, January 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a research note on Thursday, January 22nd. UBS Group cut their price target on PJT Partners from $180.00 to $151.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Finally, Wall Street Zen downgraded PJT Partners from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PJT Partners has a consensus rating of “Hold” and an average target price 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.