Congress Asset Management Co. Boosts Holdings in PJT Partners Inc. $PJT

Congress Asset Management Co. grew its position in shares of PJT Partners Inc. (NYSE:PJT) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 531,378 shares of the financial services provider’s stock after purchasing an additional 27,232 shares during the period. Congress Asset Management Co. owned approximately 2.19% of PJT Partners worth $94,442,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC boosted its stake in PJT Partners by 1.6% during the first quarter. HighTower Advisors LLC now owns 6,166 shares of the financial services provider’s stock valued at $850,000 after buying an additional 96 shares during the period. Russell Investments Group Ltd. boosted its position in shares of PJT Partners by 1,082.8% during the 1st quarter. Russell Investments Group Ltd. now owns 686 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 628 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of PJT Partners by 189.5% during the first quarter. Hsbc Holdings PLC now owns 43,440 shares of the financial services provider’s stock worth $5,905,000 after purchasing an additional 28,436 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of PJT Partners in the first quarter worth approximately $45,000. Finally, Credit Agricole S A increased its position in shares of PJT Partners by 142.7% in the first quarter. Credit Agricole S A now owns 17,515 shares of the financial services provider’s stock worth $2,415,000 after purchasing an additional 10,298 shares during the last quarter. Institutional investors own 89.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PJT. Wall Street Zen raised shares of PJT Partners from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Evercore ISI set a $180.00 target price on PJT Partners in a research note on Monday, October 13th. Keefe, Bruyette & Woods lifted their price target on PJT Partners from $182.00 to $186.00 and gave the stock a “market perform” rating in a research note on Wednesday. Zacks Research upgraded PJT Partners from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a report on Wednesday, October 8th. Two investment analysts have 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $187.75.

PJT Partners Trading Down 0.1%

Shares of NYSE:PJT opened at $167.96 on Friday. The stock has a market capitalization of $4.08 billion, a P/E ratio of 25.84 and a beta of 0.85. The stock’s 50-day moving average price is $170.38 and its 200-day moving average price is $173.18. PJT Partners Inc. has a 12-month low of $119.76 and a 12-month high of $190.27.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.61. PJT Partners had a return on equity of 29.66% and a net margin of 10.75%.The company had revenue of $447.09 million during the quarter, compared to analysts’ expectations of $386.76 million. As a group, research analysts predict that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, December 3rd. PJT Partners’s dividend payout ratio is 15.38%.

PJT Partners 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.