Aberdeen Group plc Has $15.84 Million Position in PJT Partners Inc. $PJT

Key Points

• Aberdeen Group plc has increased its stake in PJT Partners Inc. by 17.7%, owning 114,849 shares valued at approximately $15.8 million as of their latest filing.
• PJT Partners recently announced a quarterly dividend of $0.25 per share, with the ex-dividend date set for September 3rd, reflecting a 0.6% dividend yield.
• The company reported earnings of $1.54 per share for the last quarter, exceeding analysts' expectations, while its revenue grew by 13% compared to the same quarter last year.

Aberdeen Group plc lifted its stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 17.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,849 shares of the financial services provider's stock after purchasing an additional 17,261 shares during the quarter. Aberdeen Group plc owned 0.49% of PJT Partners worth $15,835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PJT. Versant Capital Management Inc bought a new stake in shares of PJT Partners during the 1st quarter valued at approximately $30,000. Opal Wealth Advisors LLC bought a new stake in shares of PJT Partners during the 1st quarter valued at approximately $39,000. Morse Asset Management Inc boosted its position in PJT Partners by 1,640.0% during the 1st quarter. Morse Asset Management Inc now owns 435 shares of the financial services provider's stock worth $60,000 after buying an additional 410 shares during the period. SouthState Corp boosted its position in PJT Partners by 126.7% during the 1st quarter. SouthState Corp now owns 544 shares of the financial services provider's stock worth $75,000 after buying an additional 304 shares during the period. Finally, GAMMA Investing LLC boosted its position in PJT Partners by 33.4% during the 1st quarter. GAMMA Investing LLC now owns 595 shares of the financial services provider's stock worth $82,000 after buying an additional 149 shares during the period. 89.23% of the stock is owned by institutional investors.

PJT Partners Stock Performance

Shares of NYSE:PJT traded up $5.0950 during trading on Friday, reaching $180.3950. The stock had a trading volume of 279,914 shares, compared to its average volume of 245,035. The firm's fifty day moving average is $174.36 and its 200 day moving average is $156.55. PJT Partners Inc. has a 52 week low of $116.07 and a 52 week high of $190.27. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 31.00 and a beta of 0.77.

PJT Partners (NYSE:PJT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.18. PJT Partners had a net margin of 10.45% and a return on equity of 25.61%. The company had revenue of $731.09 billion for the quarter, compared to analyst estimates of $343.11 million. During the same period in the prior year, the firm posted $1.19 EPS. The company's quarterly revenue was up 13.0% on a year-over-year basis. On average, research analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 3rd. PJT Partners's dividend payout ratio is currently 17.18%.

Insider Activity

In related news, General Counsel David Adam Travin sold 2,288 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $178.06, for a total transaction of $407,401.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kievdi Don Cornwell sold 10,403 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $150.29, for a total transaction of $1,563,466.87. Following the transaction, the director owned 8,847 shares in the company, valued at $1,329,615.63. The trade was a 54.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,792 shares of company stock valued at $3,686,825. 11.75% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PJT shares. Wolfe Research reiterated an "underperform" rating on shares of PJT Partners in a research report on Thursday, July 10th. Keefe, Bruyette & Woods lifted their target price on shares of PJT Partners from $161.00 to $199.00 and gave the stock a "market perform" rating in a research report on Monday, July 14th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and an average price target of $174.67.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.