11,200 Shares in PJT Partners Inc. (NYSE:PJT) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in PJT Partners Inc. (NYSE:PJT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,200 shares of the financial services provider’s stock, valued at approximately $1,141,000.

Several other institutional investors and hedge funds also recently bought and sold shares of PJT. Global Retirement Partners LLC lifted its stake in PJT Partners by 61.4% in the 3rd 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 in the last quarter. SG Americas Securities LLC purchased a new stake in PJT Partners in the 3rd quarter worth approximately $516,000. Handelsbanken Fonder AB purchased a new stake in PJT Partners in the 3rd quarter worth approximately $207,000. Raymond James & Associates lifted its stake in PJT Partners by 2.7% in the 3rd quarter. Raymond James & Associates now owns 119,487 shares of the financial services provider’s stock worth $9,492,000 after purchasing an additional 3,101 shares in the last quarter. Finally, SkyOak Wealth LLC purchased a new stake in PJT Partners in the 3rd quarter worth approximately $294,000. 89.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, General Counsel David Adam Travin sold 5,000 shares of PJT Partners stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $93.21, for a total value of $466,050.00. Following the transaction, the general counsel now owns 1,541 shares in the company, valued at approximately $143,636.61. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, General Counsel David Adam Travin sold 5,000 shares of PJT Partners stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $93.21, for a total value of $466,050.00. Following the transaction, the general counsel now owns 1,541 shares in the company, valued at approximately $143,636.61. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Helen T. Meates sold 12,926 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was 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 in the company, valued at approximately $5,151,103.71. The disclosure for this sale can be found here. Insiders have sold a total of 27,926 shares of company stock worth $2,875,672 in the last 90 days. 10.67% of the stock is owned by company insiders.

PJT Partners Stock Performance

PJT Partners stock opened at $95.78 on Wednesday. The stock has a market cap of $2.29 billion, a P/E ratio of 31.10 and a beta of 0.68. The firm’s fifty day moving average price is $97.69 and its 200-day moving average price is $93.01. PJT Partners Inc. has a fifty-two week low of $59.61 and a fifty-two week high of $107.35.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, February 6th. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.20. The company had revenue of $328.60 million for the quarter, compared to analysts’ expectations of $304.26 million. PJT Partners had a net margin of 7.09% and a return on equity of 17.44%. The firm’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 EPS. On average, analysts predict that PJT Partners Inc. will post 3.85 earnings per share for the current year.

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Tuesday, March 5th. PJT Partners’s payout ratio is presently 32.47%.

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.