5,106 PJT Partners Inc. $PJT Shares Purchased by Congress Asset Management Co.

Congress Asset Management Co. raised its stake in shares of PJT Partners Inc. (NYSE:PJT) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 728,580 shares of the financial services provider’s stock after purchasing an additional 5,106 shares during the quarter. Congress Asset Management Co. owned 2.85% of PJT Partners worth $103,976,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Wasatch Advisors LP grew its position in PJT Partners by 79.3% during the second quarter. Wasatch Advisors LP now owns 1,478,222 shares of the financial services provider’s stock worth $223,123,000 after buying an additional 653,685 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in PJT Partners by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 369,377 shares of the financial services provider’s stock valued at $51,609,000 after acquiring an additional 9,337 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in PJT Partners in the 2nd quarter valued at approximately $28,397,000. Principal Financial Group Inc. lifted its position in shares of PJT Partners by 15.1% in the 1st quarter. Principal Financial Group Inc. now owns 188,774 shares of the financial services provider’s stock worth $26,376,000 after acquiring an additional 24,735 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of PJT Partners by 49.3% in the 1st quarter. Janus Henderson Group PLC now owns 181,980 shares of the financial services provider’s stock worth $25,448,000 after acquiring an additional 60,062 shares during the period. Institutional investors and hedge funds own 89.23% of the company’s stock.

Insider Activity

In other news, Director Grace Skaugen sold 1,283 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $167.67, for a total transaction of $215,120.61. Following the completion of the sale, the director owned 500 shares of the company’s stock, valued at approximately $83,835. This trade represents a 71.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kievdi Cornwell sold 7,845 shares of PJT Partners stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $173.48, for a total transaction of $1,360,950.60. Following the completion of the transaction, the director owned 18,865 shares of the company’s stock, valued at $3,272,700.20. This trade represents a 29.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 11,951 shares of company stock valued at $2,061,681. Company insiders own 10.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Capital One Financial set a $160.00 price objective on PJT Partners in a report on Tuesday. Wall Street Zen cut PJT Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Zacks Research upgraded shares of PJT Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. BMO Capital Markets reiterated an “outperform” rating on shares of PJT Partners in a research note on Tuesday. Finally, UBS Group reissued a “neutral” rating and issued a $176.00 price target on shares of PJT Partners in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $176.71.

PJT Partners Trading Up 1.3%

PJT stock traded up $1.83 during trading on Tuesday, hitting $139.78. The company had a trading volume of 490,666 shares, compared to its average volume of 396,877. The company has a fifty day moving average price of $166.25 and a two-hundred day moving average price of $158.31. The company has a market cap of $3.57 billion, a P/E ratio of 19.12 and a beta of 0.89. PJT Partners Inc. has a fifty-two week low of $127.73 and a fifty-two week high of $195.62.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.40. The firm had revenue of $486.29 million for the quarter, compared to analysts’ expectations of $425.28 million. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%.The business’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.54 earnings per share. On average, analysts expect that PJT Partners Inc. will post 8 earnings per share for the current year.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. PJT Partners’s dividend payout ratio (DPR) is 13.68%.

PJT Partners Company Profile

PJT Partners Inc (NYSE:PJT) is a global, independent investment banking and advisory firm that provides strategic, restructuring and private capital advisory services to corporations, financial sponsors, institutional investors and other organizations.

The company advises clients on mergers and acquisitions, divestitures, strategic transactions, shareholder activism and other corporate matters. Its restructuring and capital solutions business provides advice on financial restructuring, liability management, distressed situations and related capital structure issues.