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

Congress Wealth Management LLC DE increased its position in shares of PJT Partners Inc. (NYSE:PJT) by 21.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 66,562 shares of the financial services provider’s stock after purchasing an additional 11,860 shares during the quarter. Congress Wealth Management LLC DE’s holdings in PJT Partners were worth $10,504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PJT. Vanguard Group Inc. increased its position in PJT Partners by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 2,515,600 shares of the financial services provider’s stock worth $396,987,000 after buying an additional 127,060 shares during the period. LPL Financial LLC increased its position in PJT Partners by 11.6% during the fourth quarter. LPL Financial LLC now owns 11,601 shares of the financial services provider’s stock worth $1,831,000 after acquiring an additional 1,210 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in PJT Partners in the 4th quarter worth about $726,000. Quantbot Technologies LP boosted its holdings in PJT Partners by 15.7% in the 4th quarter. Quantbot Technologies LP now owns 18,200 shares of the financial services provider’s stock valued at $2,872,000 after purchasing an additional 2,463 shares during the period. Finally, Independent Solutions Wealth Management LLC bought a new stake in PJT Partners in the 4th quarter valued at about $2,505,000. 89.23% of the stock is currently owned by institutional investors.

PJT Partners Price Performance

NYSE PJT opened at $148.62 on Tuesday. The business has a fifty day moving average price of $159.51 and a two-hundred day moving average price of $152.46. The stock has a market capitalization of $3.46 billion, a PE ratio of 30.33 and a beta of 0.68. PJT Partners Inc. has a fifty-two week low of $88.51 and a fifty-two week high of $190.28.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.71. The business 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%. PJT Partners’s revenue was up 45.3% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. As a group, sell-side analysts expect 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 was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Wednesday, March 5th. PJT Partners’s dividend payout ratio is 20.41%.

Analysts Set New Price Targets

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