New York State Teachers Retirement System Grows Position in PJT Partners Inc. (NYSE:PJT)

New York State Teachers Retirement System increased its position in shares of PJT Partners Inc. (NYSE:PJT) by 2.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,999 shares of the financial services provider’s stock after buying an additional 311 shares during the quarter. New York State Teachers Retirement System’s holdings in PJT Partners were worth $1,736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PJT. Quarry LP boosted its stake in shares of PJT Partners by 186.3% in the third quarter. Quarry LP now owns 209 shares of the financial services provider’s stock valued at $28,000 after buying an additional 136 shares in the last quarter. GAMMA Investing LLC boosted its stake 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 valued at $70,000 after buying an additional 109 shares in the last quarter. KBC Group NV boosted its stake in shares of PJT Partners by 113.0% in the third quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock valued at $107,000 after buying an additional 426 shares in the last quarter. Seneca House Advisors purchased a new stake in PJT Partners during the fourth quarter worth $202,000. Finally, Perigon Wealth Management LLC purchased a new stake in PJT Partners during the fourth quarter worth $219,000. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

PJT Partners Stock Performance

Shares of PJT stock opened at $162.87 on Friday. PJT Partners Inc. has a 1 year low of $88.51 and a 1 year high of $190.27. The stock has a market cap of $3.86 billion, a PE ratio of 33.24 and a beta of 0.67. The business’s fifty day moving average is $163.34 and its 200-day moving average is $148.44.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.19 by $0.71. The business had revenue of $477.30 million during the quarter, compared to analysts’ expectations of $384.64 million. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. PJT Partners’s revenue was up 45.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 earnings per share. Equities research analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. PJT Partners’s dividend payout ratio is currently 20.41%.

Wall Street Analysts Forecast Growth

PJT has been the topic of several recent research reports. Citizens Jmp downgraded PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. Keefe, Bruyette & Woods upped their price target on PJT Partners from $152.00 to $177.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. JMP Securities lowered PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. Finally, UBS Group upgraded PJT Partners from a “sell” rating to a “neutral” rating and increased their target price for the company from $130.00 to $175.00 in a research note on Friday, December 6th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $158.50.

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.