TimesSquare Capital Management LLC Buys 27,301 Shares of PJT Partners Inc. (NYSE:PJT)

TimesSquare Capital Management LLC boosted its holdings in PJT Partners Inc. (NYSE:PJT - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,948 shares of the financial services provider's stock after acquiring an additional 27,301 shares during the quarter. TimesSquare Capital Management LLC owned 0.55% of PJT Partners worth $20,665,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sanctuary Advisors LLC grew its stake 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 buying an additional 65 shares during the last quarter. Captrust Financial Advisors grew its stake in PJT Partners by 2.2% during the third quarter. Captrust Financial Advisors now owns 3,149 shares of the financial services provider's stock worth $420,000 after buying an additional 67 shares during the last quarter. M&T Bank Corp grew its stake in PJT Partners by 3.5% during the third quarter. M&T Bank Corp now owns 2,220 shares of the financial services provider's stock worth $296,000 after buying an additional 75 shares during the last quarter. New York State Teachers Retirement System grew its stake in PJT Partners by 0.9% during the third quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider's stock worth $1,425,000 after buying an additional 100 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of PJT Partners by 32.3% during 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 last quarter. Institutional investors own 89.23% of the company's stock.

PJT Partners Price Performance

PJT traded down $3.24 during mid-day trading on Friday, hitting $162.87. The stock had a trading volume of 199,173 shares, compared to its average volume of 265,061. The stock's fifty day simple moving average is $163.34 and its 200-day simple moving average is $148.25. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 33.24 and a beta of 0.67. PJT Partners Inc. has a 1-year low of $88.51 and a 1-year high of $190.27.

PJT Partners (NYSE:PJT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.71. The company had revenue of $477.30 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business posted $0.96 earnings per share. As a group, research 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 announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.00 annualized dividend and a yield of 0.61%. PJT Partners's dividend payout ratio (DPR) is presently 20.41%.

Wall Street Analyst Weigh In

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

PJT Partners Company 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.