Alps Advisors Inc. Acquires 13,954 Shares of PJT Partners Inc. $PJT

Alps Advisors Inc. increased its stake in PJT Partners Inc. (NYSE:PJT) by 536.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,556 shares of the financial services provider’s stock after acquiring an additional 13,954 shares during the period. Alps Advisors Inc. owned approximately 0.07% of PJT Partners worth $2,942,000 as of its most recent SEC filing.

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

PJT Partners Stock Down 0.0%

Shares of NYSE:PJT opened at $162.43 on Tuesday. The business’s 50 day moving average is $174.26 and its 200 day moving average is $175.43. The stock has a market cap of $3.95 billion, a P/E ratio of 24.46 and a beta of 0.82. PJT Partners Inc. has a 52-week low of $119.76 and a 52-week high of $195.62.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.14. PJT Partners had a return on equity of 32.98% and a net margin of 10.51%.The business 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. PJT Partners’s revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. PJT Partners’s dividend payout ratio is 15.06%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of PJT Partners from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a research note on Thursday, January 22nd. Wolfe Research reaffirmed an “underperform” rating and set a $150.00 target price on shares of PJT Partners in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods increased their price target on PJT Partners from $186.00 to $188.00 and gave the stock a “market perform” rating in a report on Thursday, January 8th. Finally, Zacks Research cut PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.