TimesSquare Capital Management LLC Grows Stock Position in PJT Partners Inc. (NYSE:PJT)

TimesSquare Capital Management LLC increased its stake in shares of PJT Partners Inc. (NYSE:PJT) by 26.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 130,948 shares of the financial services provider’s stock after buying an additional 27,301 shares during the quarter. TimesSquare Capital Management LLC owned about 0.55% of PJT Partners worth $20,665,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of PJT Partners by 5.7% in the third quarter. State Street Corp now owns 1,001,911 shares of the financial services provider’s stock valued at $133,595,000 after buying an additional 54,071 shares in the last quarter. Geode Capital Management LLC lifted its holdings in PJT Partners by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider’s stock worth $82,556,000 after buying an additional 45,327 shares during the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of PJT Partners by 7.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 594,359 shares of the financial services provider’s stock valued at $79,252,000 after purchasing an additional 41,119 shares during the last quarter. FMR LLC lifted its holdings in shares of PJT Partners by 10.9% in the 3rd quarter. FMR LLC now owns 417,271 shares of the financial services provider’s stock valued at $55,639,000 after purchasing an additional 41,007 shares during the last quarter. Finally, Congress Asset Management Co. grew its holdings in shares of PJT Partners by 27.6% in the 4th quarter. Congress Asset Management Co. now owns 405,681 shares of the financial services provider’s stock worth $64,021,000 after acquiring an additional 87,707 shares during the period. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Performance

NYSE PJT opened at $177.66 on Thursday. PJT Partners Inc. has a twelve month low of $88.51 and a twelve month high of $190.27. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 36.26 and a beta of 0.67. The firm’s 50 day moving average price is $163.34 and its two-hundred day moving average price is $147.81.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating 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 company had revenue of $477.30 million during the quarter, compared to analyst estimates of $384.64 million. During the same quarter last year, the business posted $0.96 EPS. The company’s revenue for the quarter was up 45.3% on a year-over-year basis. On average, research analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Wednesday, March 5th. PJT Partners’s dividend payout ratio is currently 20.41%.

Analyst Ratings Changes

A number of research analysts have weighed in on PJT shares. UBS Group raised PJT Partners from a “sell” rating to a “neutral” rating and increased their price target for the stock from $130.00 to $175.00 in a research note on Friday, December 6th. JMP Securities downgraded PJT Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 13th. Keefe, Bruyette & Woods raised their target price on PJT Partners from $152.00 to $177.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Finally, Citizens Jmp downgraded PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.