Envestnet Portfolio Solutions Inc. Purchases Shares of 1,514 PJT Partners Inc. (NYSE:PJT)

Envestnet Portfolio Solutions Inc. bought a new stake in PJT Partners Inc. (NYSE:PJT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,514 shares of the financial services provider’s stock, valued at approximately $239,000.

Other institutional investors have also made changes to their positions in the company. Principal Securities Inc. lifted its position in PJT Partners by 385.4% in the 4th quarter. Principal Securities Inc. now owns 199 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 158 shares during the last quarter. Quarry LP lifted its position in shares of PJT Partners by 186.3% in the 3rd quarter. Quarry LP now owns 209 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 136 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of PJT Partners by 32.3% in the fourth quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 109 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in PJT Partners by 51.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 176 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of PJT Partners by 25.4% during the 4th 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 owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

PJT Partners Trading Down 2.9 %

NYSE:PJT opened at $135.91 on Friday. PJT Partners Inc. has a 1-year low of $90.95 and a 1-year high of $190.28. The stock has a market cap of $3.17 billion, a P/E ratio of 27.74 and a beta of 0.68. The stock has a 50 day simple moving average of $158.16 and a 200 day simple moving average of $152.65.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.19 by $0.71. The business had revenue of $477.30 million during 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 company’s revenue was up 45.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 earnings per share. As a group, sell-side analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Wednesday, March 5th. PJT Partners’s dividend payout ratio is currently 20.41%.

PJT Partners Company 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.