PJT Partners Inc. (NYSE:PJT) Shares Acquired by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE increased its position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 21.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,562 shares of the financial services provider's stock after acquiring an additional 11,860 shares during the period. Congress Wealth Management LLC DE owned about 0.28% of PJT Partners worth $10,504,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in PJT Partners by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 2,515,600 shares of the financial services provider's stock valued at $396,987,000 after buying an additional 127,060 shares during the period. State Street Corp raised its stake in shares of PJT Partners by 5.7% in the third quarter. State Street Corp now owns 1,001,911 shares of the financial services provider's stock valued at $133,595,000 after acquiring an additional 54,071 shares in the last quarter. Geode Capital Management LLC boosted its holdings in PJT Partners by 7.9% in the third quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider's stock valued at $82,556,000 after purchasing an additional 45,327 shares during the period. Raymond James Financial Inc. acquired a new position in PJT Partners during the 4th quarter worth $89,192,000. Finally, FMR LLC increased its holdings in PJT Partners by 10.9% during the 3rd quarter. FMR LLC now owns 417,271 shares of the financial services provider's stock worth $55,639,000 after purchasing an additional 41,007 shares during the period. Institutional investors and hedge funds own 89.23% of the company's stock.

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PJT Partners Price Performance

Shares of NYSE PJT traded down $4.02 during midday trading on Friday, hitting $135.91. 192,482 shares of the company's stock were exchanged, compared to its average volume of 235,399. The firm's fifty day simple moving average is $158.16 and its 200-day simple moving average is $152.89. The company has a market cap of $3.17 billion, a PE ratio of 27.74 and a beta of 0.68. PJT Partners Inc. has a twelve month low of $90.95 and a twelve month high of $190.28.

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

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.00 annualized dividend and a yield of 0.74%. PJT Partners's dividend payout ratio is currently 20.41%.

Wall Street Analyst Weigh In

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

About PJT Partners

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.