Janus Henderson Group PLC Buys 60,062 Shares of PJT Partners Inc. $PJT

Janus Henderson Group PLC boosted its position in PJT Partners Inc. (NYSE:PJT) by 49.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 181,980 shares of the financial services provider’s stock after purchasing an additional 60,062 shares during the period. Janus Henderson Group PLC’s holdings in PJT Partners were worth $25,448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PJT. Royal Bank of Canada lifted its position in shares of PJT Partners by 45.7% during the 1st quarter. Royal Bank of Canada now owns 11,471 shares of the financial services provider’s stock valued at $1,581,000 after buying an additional 3,596 shares during the last quarter. AQR Capital Management LLC increased its holdings in PJT Partners by 57.7% in the 1st quarter. AQR Capital Management LLC now owns 7,330 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 2,681 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in PJT Partners by 4.7% in 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 period. Millennium Management LLC raised its stake in PJT Partners by 1,394.5% in the 1st 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 period. Finally, Goldman Sachs Group Inc. lifted its holdings in PJT Partners by 5.6% during 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 purchasing an additional 19,806 shares during the last quarter. 89.23% of the stock is owned by institutional investors.

Insider Transactions at PJT Partners

In other news, General Counsel David Adam Travin sold 3,000 shares of PJT Partners stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $152.43, for a total transaction of $457,290.00. Following the completion of the sale, the general counsel owned 2,052 shares in the company, valued at approximately $312,786.36. This trade represents a 59.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Grace Reksten Skaugen sold 1,283 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $167.67, for a total value of $215,120.61. Following the transaction, the director directly owned 500 shares of the company’s stock, valued at $83,835. The trade was a 71.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 10.98% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of PJT Partners from $185.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. UBS Group reiterated a “neutral” rating and issued a $176.00 price objective on shares of PJT Partners in a research note on Wednesday, July 29th. Zacks Research upgraded PJT Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. BMO Capital Markets lifted their price target on PJT Partners from $183.00 to $194.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Wall Street Zen upgraded PJT Partners from a “hold” rating to a “buy” rating in a research note on Saturday. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, PJT Partners presently has a consensus rating of “Hold” and an average price target of $177.50.

PJT Partners Price Performance

Shares of NYSE:PJT opened at $170.62 on Tuesday. The firm has a fifty day moving average price of $159.80 and a two-hundred day moving average price of $156.21. PJT Partners Inc. has a one year low of $127.73 and a one year high of $195.62. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 23.34 and a beta of 0.83.

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

PJT Partners Dividend Announcement

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

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.