PJT Partners Inc. $PJT Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of PJT Partners Inc. (NYSE:PJT) by 10.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,272 shares of the financial services provider’s stock after purchasing an additional 600 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in PJT Partners were worth $1,035,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Voya Investment Management LLC grew its holdings in PJT Partners by 31.1% during the first quarter. Voya Investment Management LLC now owns 17,429 shares of the financial services provider’s stock worth $2,403,000 after acquiring an additional 4,136 shares during the period. Jump Financial LLC acquired a new stake in PJT Partners in the first quarter valued at $802,000. Sierra Summit Advisors LLC purchased a new stake in shares of PJT Partners during the 1st quarter worth $578,000. Virtu Financial LLC purchased a new stake in shares of PJT Partners during the 1st quarter worth $392,000. Finally, Mutual of America Capital Management LLC grew its stake in shares of PJT Partners by 36.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 65,784 shares of the financial services provider’s stock worth $10,855,000 after purchasing an additional 17,602 shares during the period. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on PJT. Evercore ISI set a $180.00 price objective on shares of PJT Partners in a research note on Monday, October 13th. BMO Capital Markets began coverage on shares of PJT Partners in a report on Friday, October 3rd. They issued an “outperform” rating and a $205.00 target price for the company. Zacks Research upgraded shares of PJT Partners from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Weiss Ratings restated a “hold (c+)” rating on shares of PJT Partners in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised their price objective on PJT Partners from $180.00 to $182.00 and gave the company a “market perform” rating in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, PJT Partners has a consensus rating of “Hold” and an average target price of $185.50.

PJT Partners Price Performance

Shares of NYSE PJT opened at $167.51 on Monday. The firm’s 50-day moving average is $174.33 and its two-hundred day moving average is $170.40. The company has a market capitalization of $4.07 billion, a PE ratio of 25.77 and a beta of 0.79. PJT Partners Inc. has a 12-month low of $119.76 and a 12-month high of $190.27.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.61. PJT Partners had a return on equity of 29.66% and a net margin of 10.75%.The firm had revenue of $447.09 million during the quarter, compared to the consensus estimate of $386.76 million. On average, analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. PJT Partners’s dividend payout ratio (DPR) is presently 15.38%.

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.