Congress Asset Management Co. Purchases 52,548 Shares of PJT Partners Inc. $PJT

Congress Asset Management Co. boosted its position in shares of PJT Partners Inc. (NYSE:PJT) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 583,926 shares of the financial services provider’s stock after purchasing an additional 52,548 shares during the quarter. Congress Asset Management Co. owned 2.40% of PJT Partners worth $97,632,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PJT. EFG Asset Management North America Corp. bought a new stake in shares of PJT Partners in the 3rd quarter valued at $1,256,000. Mutual of America Capital Management LLC lifted its holdings in PJT Partners by 19.1% during the third quarter. Mutual of America Capital Management LLC now owns 78,321 shares of the financial services provider’s stock worth $13,920,000 after acquiring an additional 12,537 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in PJT Partners by 17.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 208,264 shares of the financial services provider’s stock valued at $37,015,000 after acquiring an additional 31,594 shares during the period. Cresset Asset Management LLC grew its stake in PJT Partners by 105.4% in the second quarter. Cresset Asset Management LLC now owns 21,536 shares of the financial services provider’s stock valued at $3,554,000 after acquiring an additional 11,053 shares during the period. Finally, Kornitzer Capital Management Inc. KS bought a new stake in shares of PJT Partners in the third quarter worth about $4,839,000. 89.23% of the stock is currently owned by institutional investors and hedge funds.

PJT Partners Price Performance

PJT stock opened at $133.74 on Tuesday. The stock has a market capitalization of $3.25 billion, a P/E ratio of 20.14 and a beta of 0.85. The business has a 50-day moving average of $157.46 and a 200-day moving average of $168.05. PJT Partners Inc. has a fifty-two week low of $119.76 and a fifty-two week high of $195.62.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data 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 the consensus estimate of $533.32 million. PJT Partners had a return on equity of 31.69% and a net margin of 10.51%.PJT Partners’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the company earned $1.90 earnings per share. Equities analysts expect that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, March 4th. PJT Partners’s dividend payout ratio (DPR) is currently 15.06%.

Wall Street Analyst Weigh In

PJT has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their price target on PJT Partners from $186.00 to $188.00 and gave the stock a “market perform” rating in a research report on Thursday, January 8th. Wall Street Zen cut PJT Partners from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Zacks Research downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PJT Partners in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group reduced their price target on shares of PJT Partners from $197.00 to $174.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $174.67.

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.