Congress Asset Management Co. Grows Holdings in PJT Partners Inc. (NYSE:PJT)

Congress Asset Management Co. boosted its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 27.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 405,681 shares of the financial services provider’s stock after purchasing an additional 87,707 shares during the period. Congress Asset Management Co. owned approximately 1.71% of PJT Partners worth $64,021,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Quarry LP grew its holdings in shares of PJT Partners by 186.3% during the third quarter. Quarry LP now owns 209 shares of the financial services provider’s stock worth $28,000 after buying an additional 136 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of PJT Partners by 32.3% in the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 109 shares during the last quarter. KBC Group NV increased its holdings in shares of PJT Partners by 113.0% in the third quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 426 shares during the period. Seneca House Advisors purchased a new stake in shares of PJT Partners during the fourth quarter worth approximately $202,000. Finally, nVerses Capital LLC acquired a new stake in shares of PJT Partners during the third quarter worth $213,000. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Citizens Jmp cut shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. UBS Group raised shares of PJT Partners from a “sell” rating to a “neutral” rating and increased their price target for the stock from $130.00 to $175.00 in a report on Friday, December 6th. Keefe, Bruyette & Woods boosted their target price on PJT Partners from $152.00 to $177.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. Finally, JMP Securities cut PJT Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, PJT Partners has an average rating of “Hold” and an average target price of $158.50.

PJT Partners Stock Down 0.1 %

Shares of NYSE PJT opened at $175.72 on Friday. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 35.86 and a beta of 0.67. PJT Partners Inc. has a 52 week low of $88.51 and a 52 week high of $190.27. The firm has a 50-day moving average price of $162.36 and a 200 day moving average price of $146.77.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.71. The company had revenue of $477.30 million during the quarter, compared to the consensus estimate of $384.64 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The company’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same period last year, the firm earned $0.96 EPS. Equities research analysts expect that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, March 5th. PJT Partners’s dividend payout ratio (DPR) is 20.41%.

PJT Partners 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.