Strs Ohio Sells 1,600 Shares of PJT Partners Inc. (NYSE:PJT)

Strs Ohio lowered its stake in shares of PJT Partners Inc. (NYSE:PJT) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,700 shares of the financial services provider’s stock after selling 1,600 shares during the quarter. Strs Ohio’s holdings in PJT Partners were worth $988,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in PJT Partners during the 4th quarter worth about $1,397,000. Dark Forest Capital Management LP grew its holdings in PJT Partners by 90.2% during the 3rd quarter. Dark Forest Capital Management LP now owns 24,433 shares of the financial services provider’s stock worth $1,941,000 after acquiring an additional 11,589 shares during the last quarter. Schroder Investment Management Group grew its holdings in PJT Partners by 22.1% during the 3rd quarter. Schroder Investment Management Group now owns 371,730 shares of the financial services provider’s stock worth $29,530,000 after acquiring an additional 67,197 shares during the last quarter. Chartwell Investment Partners LLC bought a new stake in PJT Partners during the 3rd quarter worth about $8,676,000. Finally, Deutsche Bank AG grew its holdings in PJT Partners by 13.6% during the 3rd quarter. Deutsche Bank AG now owns 12,723 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 1,521 shares during the last quarter. Institutional investors own 89.23% of the company’s stock.

PJT Partners Price Performance

Shares of NYSE:PJT opened at $95.78 on Wednesday. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 31.10 and a beta of 0.68. The firm’s 50 day simple moving average is $97.69 and its 200 day simple moving average 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 announced its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.20. The business had revenue of $328.60 million for the quarter, compared to the consensus estimate of $304.26 million. PJT Partners had a net margin of 7.09% and a return on equity of 17.44%. PJT Partners’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. Equities research analysts expect that PJT Partners Inc. will post 3.85 earnings per share for the current year.

PJT Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 5th. This represents a $1.00 annualized dividend and a yield of 1.04%. PJT Partners’s dividend payout ratio (DPR) is currently 32.47%.

Insiders Place Their Bets

In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $93.21, for a total transaction of $466,050.00. Following the sale, the general counsel now directly owns 1,541 shares in the company, valued at approximately $143,636.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other PJT Partners news, insider Ji-Yeun Lee sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $104.58, for a total transaction of $1,045,800.00. Following the sale, the insider now directly 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 accessible through this link. Also, General Counsel David Adam Travin sold 5,000 shares of PJT Partners stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $93.21, for a total transaction of $466,050.00. Following the completion of the sale, the general counsel now owns 1,541 shares in the company, valued at $143,636.61. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,926 shares of company stock worth $2,875,672. Company insiders own 10.67% of the company’s stock.

Analyst Ratings Changes

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

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.