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

Louisiana State Employees Retirement System acquired a new position in shares of PJT Partners Inc. (NYSE:PJT) during the 4th quarter, according to the company in 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 hedge funds have also added to or reduced their stakes in the business. Cerity Partners LLC acquired a new stake in shares of PJT Partners in the 4th quarter valued at about $219,000. Mutual of America Capital Management LLC raised its stake in shares of PJT Partners by 3.8% in the 4th quarter. Mutual of America Capital Management LLC now owns 49,336 shares of the financial services provider’s stock valued at $5,026,000 after purchasing an additional 1,827 shares during the period. International Assets Investment Management LLC raised its stake in shares of PJT Partners by 6,245.9% in the 4th quarter. International Assets Investment Management LLC now owns 7,742 shares of the financial services provider’s stock valued at $789,000 after purchasing an additional 7,620 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of PJT Partners by 3.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,683 shares of the financial services provider’s stock valued at $1,088,000 after purchasing an additional 374 shares during the period. Finally, New York State Teachers Retirement System raised its stake in shares of PJT Partners by 366.5% in the 4th quarter. New York State Teachers Retirement System now owns 9,745 shares of the financial services provider’s stock valued at $993,000 after purchasing an additional 7,656 shares during the period. Institutional investors and hedge funds own 89.23% of the company’s stock.

Insider Buying and Selling

In related news, insider Ji-Yeun Lee sold 10,000 shares of PJT Partners stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $104.58, for a total transaction of $1,045,800.00. Following the completion of the transaction, the insider now owns 73,421 shares in the company, valued at $7,678,368.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Ji-Yeun Lee sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $104.58, for a total transaction of $1,045,800.00. Following the completion of the sale, the insider now owns 73,421 shares in the company, valued at $7,678,368.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Helen T. Meates sold 12,926 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $105.51, for a total value of $1,363,822.26. Following the sale, the chief financial officer now owns 48,821 shares of the company’s stock, valued at approximately $5,151,103.71. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,926 shares of company stock worth $2,875,672. Company insiders own 10.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on PJT. Wolfe Research reissued an “underperform” rating and issued a $89.00 price target on shares of PJT Partners in a research note 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 research note on Tuesday, April 9th. The Goldman Sachs Group restated a “neutral” rating and issued a $99.00 price objective (down previously from $108.00) on shares of PJT Partners in a report on Tuesday, January 9th. Finally, UBS Group restated a “sell” rating and issued a $75.00 price objective (down previously from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th. 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $93.25.

PJT Partners Price Performance

Shares of NYSE PJT opened at $95.78 on Wednesday. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 31.10 and a beta of 0.68. The business has a 50-day moving average of $97.69 and a 200-day moving average of $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 data on Tuesday, February 6th. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.20. The company had revenue of $328.60 million during the quarter, compared to analysts’ expectations of $304.26 million. PJT Partners had a return on equity of 17.44% and a net margin of 7.09%. PJT Partners’s revenue for the quarter 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, sell-side analysts expect that PJT Partners Inc. will post 3.85 EPS for the current year.

PJT Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were issued a dividend of $0.25 per share. 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 currently 32.47%.

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.