Principal Securities Inc. Grows Stake in PJT Partners Inc. (NYSE:PJT)

Principal Securities Inc. increased its holdings in PJT Partners Inc. (NYSE:PJT) by 385.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 199 shares of the financial services provider’s stock after buying an additional 158 shares during the period. Principal Securities Inc.’s holdings in PJT Partners were worth $31,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Creative Planning boosted its stake in PJT Partners by 84.8% in the 3rd quarter. Creative Planning now owns 5,305 shares of the financial services provider’s stock worth $707,000 after buying an additional 2,435 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of PJT Partners during the 3rd quarter valued at $293,000. International Assets Investment Management LLC boosted its position in 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 worth $1,422,000 after purchasing an additional 10,587 shares during the period. Louisiana State Employees Retirement System increased its holdings in PJT Partners by 3.6% in the 3rd quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the financial services provider’s stock valued at $1,533,000 after purchasing an additional 400 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in PJT Partners by 4.8% in the third quarter. State of Alaska Department of Revenue now owns 13,578 shares of the financial services provider’s stock valued at $1,810,000 after purchasing an additional 622 shares during the period. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PJT shares. JMP Securities lowered PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. Keefe, Bruyette & Woods raised 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. UBS Group upgraded PJT Partners from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $130.00 to $175.00 in a research report on Friday, December 6th. Finally, Citizens Jmp cut shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $158.50.

PJT Partners Price Performance

PJT opened at $159.26 on Friday. The stock’s 50 day moving average price is $163.41 and its 200 day moving average price is $149.28. The stock has a market cap of $3.77 billion, a P/E ratio of 32.50 and a beta of 0.67. PJT Partners Inc. has a 12 month low of $88.51 and a 12 month high of $190.27.

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

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is 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.