Norden Group LLC Boosts Stock Holdings in PJT Partners Inc. (NYSE:PJT)

Norden Group LLC raised its stake in PJT Partners Inc. (NYSE:PJT - Free Report) by 118.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,372 shares of the financial services provider's stock after purchasing an additional 2,911 shares during the period. Norden Group LLC's holdings in PJT Partners were worth $848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp increased its holdings in 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 buying an additional 54,071 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of PJT Partners by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider's stock worth $82,556,000 after acquiring an additional 45,327 shares in the last quarter. Champlain Investment Partners LLC increased its holdings in shares of PJT Partners by 7.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 594,359 shares of the financial services provider's stock valued at $79,252,000 after acquiring an additional 41,119 shares during the last quarter. FMR LLC raised its position in shares of 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 acquiring an additional 41,007 shares in the last quarter. Finally, Congress Asset Management Co. lifted its stake in PJT Partners by 27.6% during the fourth quarter. Congress Asset Management Co. now owns 405,681 shares of the financial services provider's stock worth $64,021,000 after purchasing an additional 87,707 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Price Performance

Shares of PJT traded down $2.19 during mid-day trading on Monday, reaching $157.07. 218,418 shares of the company's stock were exchanged, compared to its average volume of 259,220. The business's fifty day simple moving average is $163.48 and its 200-day simple moving average is $149.97. The stock has a market capitalization of $3.72 billion, a PE ratio of 32.05 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.

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

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.64%. PJT Partners's payout ratio is 20.41%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PJT. JMP Securities cut shares of PJT Partners from an "outperform" rating to a "market perform" rating in a report on Monday, January 13th. Citizens Jmp downgraded shares of PJT Partners from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 13th. UBS Group raised shares of PJT Partners from a "sell" rating to a "neutral" rating and boosted their price target for the company from $130.00 to $175.00 in a research report on Friday, December 6th. Finally, Keefe, Bruyette & Woods upped 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 note on Wednesday, February 5th. Five analysts have rated the stock with a hold rating, According to MarketBeat, PJT Partners has an average 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.