Congress Wealth Management LLC DE Has $10.50 Million Stake in PJT Partners Inc. (NYSE:PJT)

Congress Wealth Management LLC DE grew its holdings in PJT Partners Inc. (NYSE:PJT) by 21.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,562 shares of the financial services provider’s stock after acquiring an additional 11,860 shares during the quarter. Congress Wealth Management LLC DE owned 0.28% of PJT Partners worth $10,504,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Principal Securities Inc. increased its stake in PJT Partners by 385.4% during the 4th quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 158 shares in the last quarter. Quarry LP increased its position in shares of PJT Partners by 186.3% during the third quarter. Quarry LP now owns 209 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 136 shares in the last quarter. GAMMA Investing LLC increased its holdings in PJT Partners by 32.3% during the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 109 shares in the last quarter. PNC Financial Services Group Inc. raised its position in PJT Partners by 51.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider’s stock valued at $82,000 after buying an additional 176 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of PJT Partners by 25.4% in the fourth quarter. KBC Group NV now owns 1,007 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 204 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Stock Performance

Shares of PJT stock opened at $148.62 on Tuesday. PJT Partners Inc. has a 52-week low of $88.51 and a 52-week high of $190.28. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 30.33 and a beta of 0.68. The firm’s 50-day moving average is $159.51 and its 200-day moving average is $152.46.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.71. The firm had revenue of $477.30 million for the quarter, compared to analyst estimates of $384.64 million. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The business’s revenue for the quarter was up 45.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 earnings per share. Sell-side analysts predict that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.67%. PJT Partners’s dividend payout ratio is currently 20.41%.

Analyst Ratings Changes

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