PJT Partners Inc. $PJT Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. reduced its stake in shares of PJT Partners Inc. (NYSE:PJT) by 23.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,000 shares of the financial services provider’s stock after selling 12,597 shares during the period. Thornburg Investment Management Inc. owned approximately 0.17% of PJT Partners worth $7,287,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EFG Asset Management North America Corp. acquired a new position in PJT Partners in the 3rd quarter worth approximately $1,256,000. Mutual of America Capital Management LLC grew its position in PJT Partners by 19.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 78,321 shares of the financial services provider’s stock worth $13,920,000 after purchasing an additional 12,537 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of PJT Partners by 17.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 208,264 shares of the financial services provider’s stock valued at $37,015,000 after buying an additional 31,594 shares during the period. Cresset Asset Management LLC grew its holdings in PJT Partners by 105.4% during the second quarter. Cresset Asset Management LLC now owns 21,536 shares of the financial services provider’s stock worth $3,554,000 after acquiring an additional 11,053 shares during the period. Finally, Congress Asset Management Co. lifted its holdings in PJT Partners by 5.4% in the third quarter. Congress Asset Management Co. now owns 531,378 shares of the financial services provider’s stock valued at $94,442,000 after acquiring an additional 27,232 shares during the period. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Stock Performance

NYSE PJT opened at $149.24 on Thursday. The business has a fifty day moving average price of $169.91 and a 200 day moving average price of $173.25. The company has a market cap of $3.63 billion, a P/E ratio of 22.48 and a beta of 0.82. PJT Partners Inc. has a one year low of $119.76 and a one year high of $195.62.

PJT Partners (NYSE:PJT) last released its earnings results on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.14. The business had revenue of $535.16 million during the quarter, compared to analyst estimates of $533.32 million. PJT Partners had a net margin of 10.51% and a return on equity of 32.98%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.90 earnings per share. As a group, sell-side analysts predict that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently issued reports on PJT. Keefe, Bruyette & Woods boosted their target price on shares of PJT Partners from $186.00 to $188.00 and gave the company a “market perform” rating in a research note on Thursday, January 8th. The Goldman Sachs Group cut their price target on PJT Partners from $197.00 to $174.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of PJT Partners in a research report on Thursday, January 22nd. Wall Street Zen upgraded PJT Partners from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, UBS Group started coverage on PJT Partners in a research report on Thursday, December 11th. They set a “neutral” rating and a $180.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $179.50.

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.