Envestnet Portfolio Solutions Inc. Makes New Investment in PJT Partners Inc. (NYSE:PJT)

Envestnet Portfolio Solutions Inc. acquired a new position in PJT Partners Inc. (NYSE:PJT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,514 shares of the financial services provider’s stock, valued at approximately $239,000.

Several other institutional investors also recently modified their holdings of the stock. Quarry LP raised its holdings in PJT Partners by 186.3% during the 3rd quarter. Quarry LP now owns 209 shares of the financial services provider’s stock valued at $28,000 after buying an additional 136 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of PJT Partners by 385.4% during the 4th quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 158 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of PJT Partners by 32.3% in the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock worth $70,000 after buying an additional 109 shares during the last quarter. PNC Financial Services Group Inc. grew its position in PJT Partners by 51.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider’s stock valued at $82,000 after buying an additional 176 shares during the period. Finally, KBC Group NV lifted its position in PJT Partners by 25.4% during the fourth quarter. KBC Group NV now owns 1,007 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 204 shares in the last quarter. 89.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PJT shares. UBS Group raised PJT Partners from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $130.00 to $175.00 in a report on Friday, December 6th. JMP Securities lowered shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Keefe, Bruyette & Woods upped their price target on shares of PJT Partners from $152.00 to $177.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. Finally, Citizens Jmp lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $158.50.

PJT Partners Stock Performance

NYSE:PJT opened at $135.91 on Friday. PJT Partners Inc. has a one year low of $90.95 and a one year high of $190.28. The stock has a 50 day moving average price of $158.16 and a 200 day moving average price of $152.65. The stock has a market cap of $3.17 billion, a PE ratio of 27.74 and a beta of 0.68.

PJT Partners (NYSE:PJT) last released its quarterly 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. The business had revenue of $477.30 million for the quarter, compared to the consensus estimate of $384.64 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The business’s revenue was up 45.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 EPS. As a group, analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders 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 dividend yield of 0.74%. The ex-dividend date was Wednesday, March 5th. PJT Partners’s dividend payout ratio (DPR) is currently 20.41%.

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.