GW&K Investment Management LLC Raises Position in PJT Partners Inc. (NYSE:PJT)

GW&K Investment Management LLC increased its holdings in PJT Partners Inc. (NYSE:PJT – Get Rating) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,920 shares of the financial services provider’s stock after purchasing an additional 6,282 shares during the quarter. GW&K Investment Management LLC owned 0.57% of PJT Partners worth $10,218,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Counterpoint Mutual Funds LLC purchased a new position in PJT Partners in the 4th quarter worth $25,000. Northwestern Mutual Wealth Management Co. grew its holdings in PJT Partners by 226.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 740 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 513 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in PJT Partners by 83.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,097 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 498 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in PJT Partners by 24.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,867 shares of the financial services provider’s stock worth $148,000 after acquiring an additional 361 shares during the last quarter. Finally, Lindbrook Capital LLC bought a new stake in PJT Partners in the 4th quarter worth $148,000. Institutional investors own 69.18% of the company’s stock.

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group cut their price target on shares of PJT Partners from $90.00 to $82.00 and set a “buy” rating on the stock in a report on Wednesday, February 2nd. StockNews.com raised shares of PJT Partners from a “hold” rating to a “buy” rating in a report on Friday, April 29th. Keefe, Bruyette & Woods raised shares of PJT Partners from a “market perform” rating to an “outperform” rating and set a $79.00 target price on the stock in a research note on Wednesday, April 6th. Wolfe Research raised shares of PJT Partners from a “peer perform” rating to an “outperform” rating and set a $83.00 target price on the stock in a research note on Thursday, April 7th. Finally, JMP Securities cut their target price on shares of PJT Partners from $98.00 to $86.00 and set a “market outperform” rating on the stock in a research note on Thursday, April 7th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PJT Partners currently has a consensus rating of “Buy” and an average price target of $79.17.

Shares of PJT traded up $0.79 during mid-day trading on Friday, hitting $73.18. 199,579 shares of the company traded hands, compared to its average volume of 232,956. The stock has a 50-day moving average price of $65.64 and a two-hundred day moving average price of $69.09. PJT Partners Inc. has a 1 year low of $54.48 and a 1 year high of $89.50. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 18.16 and a beta of 0.82.

PJT Partners (NYSE:PJT – Get Rating) last announced its earnings results on Tuesday, April 26th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. PJT Partners had a net margin of 10.20% and a return on equity of 27.53%. During the same quarter last year, the business earned $0.89 earnings per share. Equities analysts expect that PJT Partners Inc. will post 4.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 8th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. PJT Partners’s payout ratio is currently 24.81%.

About PJT Partners (Get Rating)

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.

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