Cookson Peirce & Co. Inc. Takes $2.20 Million Position in PJT Partners Inc. (NYSE:PJT)

Cookson Peirce & Co. Inc. bought a new stake in shares of PJT Partners Inc. (NYSE:PJT) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 13,960 shares of the financial services provider’s stock, valued at approximately $2,203,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its stake in PJT Partners by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 255,263 shares of the financial services provider’s stock worth $40,283,000 after purchasing an additional 3,173 shares during the period. Norden Group LLC raised its holdings in shares of PJT Partners by 118.3% in the 4th quarter. Norden Group LLC now owns 5,372 shares of the financial services provider’s stock worth $848,000 after buying an additional 2,911 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of PJT Partners by 7.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 12,852 shares of the financial services provider’s stock worth $2,028,000 after buying an additional 930 shares during the period. Handelsbanken Fonder AB boosted its stake in PJT Partners by 15.7% in the 4th quarter. Handelsbanken Fonder AB now owns 5,900 shares of the financial services provider’s stock valued at $931,000 after buying an additional 800 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its position in PJT Partners by 26.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 130,948 shares of the financial services provider’s stock valued at $20,665,000 after acquiring an additional 27,301 shares during the period. Institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Performance

Shares of PJT stock opened at $147.67 on Wednesday. PJT Partners Inc. has a 52 week low of $88.51 and a 52 week high of $190.27. The stock has a market capitalization of $3.50 billion, a PE ratio of 30.14 and a beta of 0.67. The stock’s fifty day moving average is $163.26 and its 200-day moving average is $150.37.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.71. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. 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 prior year, the firm earned $0.96 EPS. The company’s revenue was up 45.3% on a year-over-year basis. As a group, analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Wednesday, March 5th. PJT Partners’s dividend payout ratio is currently 20.41%.

Analyst Upgrades and Downgrades

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