Cookson Peirce & Co. Inc. Makes New Investment in PJT Partners Inc. (NYSE:PJT)

Cookson Peirce & Co. Inc. purchased a new stake in shares of PJT Partners Inc. (NYSE:PJT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,960 shares of the financial services provider’s stock, valued at approximately $2,203,000. Cookson Peirce & Co. Inc. owned approximately 0.06% of PJT Partners at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Private Advisor Group LLC bought a new position in PJT Partners during the third quarter valued at about $293,000. International Assets Investment Management LLC increased its holdings in shares of PJT Partners by 13,233.8% during the 3rd quarter. International Assets Investment Management LLC now owns 10,667 shares of the financial services provider’s stock valued at $1,422,000 after acquiring an additional 10,587 shares during the last quarter. New York State Teachers Retirement System raised its stake in shares of PJT Partners by 0.9% in the 3rd quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider’s stock valued at $1,425,000 after acquiring an additional 100 shares in the last quarter. Amalgamated Bank lifted its holdings in PJT Partners by 3.1% in the 3rd quarter. Amalgamated Bank now owns 7,015 shares of the financial services provider’s stock worth $935,000 after purchasing an additional 214 shares during the last quarter. Finally, Olympiad Research LP acquired a new stake in PJT Partners in the 3rd quarter worth approximately $310,000. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Trading Down 6.1 %

Shares of PJT stock opened at $147.67 on Wednesday. The firm has a market capitalization of $3.50 billion, a P/E ratio of 30.14 and a beta of 0.67. PJT Partners Inc. has a 1 year low of $88.51 and a 1 year high of $190.27. The firm’s fifty day simple moving average is $163.26 and its 200 day simple moving average is $150.37.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.71. The company had revenue of $477.30 million for the quarter, compared to analyst estimates of $384.64 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The business’s quarterly revenue was up 45.3% on a year-over-year basis. During the same period last year, the business posted $0.96 EPS. Equities research analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

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

Wall Street Analyst Weigh In

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