PJT Partners Inc. (NYSE:PJT) Stock Holdings Boosted by New York State Teachers Retirement System

New York State Teachers Retirement System increased its stake in PJT Partners Inc. (NYSE:PJT) by 366.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,745 shares of the financial services provider’s stock after buying an additional 7,656 shares during the quarter. New York State Teachers Retirement System’s holdings in PJT Partners were worth $993,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Fortis Capital Advisors LLC acquired a new stake in PJT Partners in the first quarter worth about $29,000. PNC Financial Services Group Inc. lifted its holdings in PJT Partners by 133.0% in the first quarter. PNC Financial Services Group Inc. now owns 431 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 246 shares during the period. Belpointe Asset Management LLC lifted its holdings in PJT Partners by 423.3% in the first quarter. Belpointe Asset Management LLC now owns 471 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 381 shares during the period. Global Retirement Partners LLC lifted its holdings in PJT Partners by 61.4% in the third quarter. Global Retirement Partners LLC now owns 668 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 254 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in PJT Partners in the 2nd quarter valued at about $61,000. Institutional investors and hedge funds own 89.23% of the company’s stock.

Wall Street Analyst Weigh In

PJT has been the subject of a number of research analyst reports. Wolfe Research reissued an “underperform” rating and issued a $89.00 price target on shares of PJT Partners in a report on Wednesday, January 3rd. JMP Securities reissued a “market outperform” rating and issued a $110.00 price target on shares of PJT Partners in a report on Tuesday, April 9th. UBS Group reissued a “sell” rating and issued a $75.00 price target (down from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $99.00 price target (down from $108.00) on shares of PJT Partners in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $93.25.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, CFO Helen T. Meates sold 12,926 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $105.51, for a total transaction of $1,363,822.26. Following the completion of the sale, the chief financial officer now directly owns 48,821 shares of the company’s stock, valued at $5,151,103.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Ji-Yeun Lee sold 10,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $104.58, for a total value of $1,045,800.00. Following the transaction, the insider now owns 73,421 shares in the company, valued at approximately $7,678,368.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Helen T. Meates sold 12,926 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $105.51, for a total value of $1,363,822.26. Following the completion of the transaction, the chief financial officer now owns 48,821 shares in the company, valued at approximately $5,151,103.71. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,926 shares of company stock valued at $2,875,672. 10.67% of the stock is currently owned by corporate insiders.

PJT Partners Trading Down 1.1 %

PJT stock opened at $91.21 on Friday. PJT Partners Inc. has a one year low of $59.61 and a one year high of $107.35. The firm has a market capitalization of $2.18 billion, a PE ratio of 29.61 and a beta of 0.68. The firm has a 50-day moving average of $98.00 and a two-hundred day moving average of $92.47.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.20. PJT Partners had a net margin of 7.09% and a return on equity of 17.44%. The company had revenue of $328.60 million during the quarter, compared to analyst estimates of $304.26 million. During the same period in the prior year, the firm earned $1.08 earnings per share. The business’s quarterly revenue was up 17.4% on a year-over-year basis. On average, equities research analysts anticipate that PJT Partners Inc. will post 3.85 earnings per share for the current year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Tuesday, March 5th. PJT Partners’s dividend payout ratio is presently 32.47%.

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.