Cookson Peirce & Co. Inc. Acquires New Holdings in PJT Partners Inc. (NYSE:PJT)

Cookson Peirce & Co. Inc. purchased a new position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,960 shares of the financial services provider's stock, valued at approximately $2,203,000. Cookson Peirce & Co. Inc. owned approximately 0.06% of PJT Partners at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC raised its position in PJT Partners by 2.9% during the fourth quarter. Sanctuary Advisors LLC now owns 2,274 shares of the financial services provider's stock worth $375,000 after acquiring an additional 65 shares in the last quarter. Captrust Financial Advisors raised its position in shares of PJT Partners by 2.2% in the third quarter. Captrust Financial Advisors now owns 3,149 shares of the financial services provider's stock valued at $420,000 after purchasing an additional 67 shares during the period. M&T Bank Corp raised its position in shares of PJT Partners by 3.5% in the third quarter. M&T Bank Corp now owns 2,220 shares of the financial services provider's stock valued at $296,000 after purchasing an additional 75 shares during the period. New York State Teachers Retirement System raised its position in shares of PJT Partners by 0.9% in the third quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider's stock valued at $1,425,000 after purchasing an additional 100 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of PJT Partners by 32.3% in the fourth 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 period. 89.23% of the stock is owned by institutional investors.

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PJT Partners Trading Up 0.4 %

PJT Partners stock traded up $0.54 during trading hours on Friday, reaching $148.73. 411,750 shares of the stock were exchanged, compared to its average volume of 278,208. The company has a market cap of $3.53 billion, a P/E ratio of 30.35 and a beta of 0.68. PJT Partners Inc. has a twelve month low of $88.51 and a twelve month high of $190.27. The stock has a 50 day moving average of $162.58 and a two-hundred day moving average of $150.50.

PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.71. The firm had revenue of $477.30 million for 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 business's revenue for the quarter was up 45.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. On average, analysts expect that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.67%. PJT Partners's payout ratio is 20.41%.

Analyst Ratings Changes

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

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.