Dean Investment Associates LLC Has $2.80 Million Stock Position in PJT Partners Inc. (NYSE:PJT)

Dean Investment Associates LLC increased its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,729 shares of the financial services provider’s stock after buying an additional 423 shares during the quarter. Dean Investment Associates LLC’s holdings in PJT Partners were worth $2,798,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Principal Securities Inc. lifted its holdings in shares of PJT Partners by 385.4% in the fourth quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 158 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in PJT Partners by 112.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 146 shares in the last quarter. GAMMA Investing LLC increased its position 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. lifted its stake 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 purchasing an additional 176 shares during the last quarter. Finally, KBC Group NV boosted its position in 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 buying an additional 204 shares in the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Stock Performance

Shares of NYSE:PJT opened at $129.57 on Friday. The firm has a market cap of $3.02 billion, a PE ratio of 26.44 and a beta of 0.77. PJT Partners Inc. has a 52 week low of $90.95 and a 52 week high of $190.28. The firm’s fifty day moving average is $146.79 and its 200-day moving average is $152.70.

PJT Partners (NYSE:PJT) last released its quarterly earnings results 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 return on equity of 24.03% and a net margin of 9.00%. The firm had revenue of $477.30 million for the quarter, compared to analyst estimates of $384.64 million. During the same quarter in the previous year, the company posted $0.96 EPS. The business’s revenue was up 45.3% on a year-over-year basis. Sell-side analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders 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 0.77%. The ex-dividend date was Wednesday, March 5th. PJT Partners’s dividend payout ratio is presently 20.41%.

Wall Street Analyst Weigh In

PJT has been the subject of a number of research reports. Citizens Jmp cut PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. JMP Securities downgraded PJT Partners from an “outperform” rating to a “market perform” 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 report on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus 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.