Strs Ohio Purchases 4,200 Shares of PJT Partners Inc. $PJT

Strs Ohio lifted its position in PJT Partners Inc. (NYSE:PJT) by 113.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,900 shares of the financial services provider’s stock after purchasing an additional 4,200 shares during the quarter. Strs Ohio’s holdings in PJT Partners were worth $1,104,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in PJT Partners by 28.5% during the third quarter. JPMorgan Chase & Co. now owns 110,454 shares of the financial services provider’s stock valued at $19,631,000 after acquiring an additional 24,502 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in shares of PJT Partners in the 4th quarter worth approximately $1,373,000. Bessemer Group Inc. boosted its stake in shares of PJT Partners by 1,446.5% in the 4th quarter. Bessemer Group Inc. now owns 115,000 shares of the financial services provider’s stock valued at $19,229,000 after purchasing an additional 107,564 shares in the last quarter. Azora Capital LP purchased a new stake in shares of PJT Partners in the 3rd quarter valued at $40,061,000. Finally, Kornitzer Capital Management Inc. KS grew its holdings in shares of PJT Partners by 28.8% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 35,055 shares of the financial services provider’s stock valued at $5,861,000 after purchasing an additional 7,830 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors.

PJT Partners Stock Down 1.8%

Shares of PJT opened at $168.97 on Wednesday. The stock has a market capitalization of $4.36 billion, a P/E ratio of 24.63 and a beta of 0.85. PJT Partners Inc. has a twelve month low of $127.73 and a twelve month high of $195.62. The firm has a fifty day simple moving average of $155.81 and a two-hundred day simple moving average of $157.32.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.51 by $0.03. The firm had revenue of $418.20 million during the quarter, compared to the consensus estimate of $409.38 million. PJT Partners had a net margin of 10.32% and a return on equity of 32.00%. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 earnings per share. Sell-side analysts expect that PJT Partners Inc. will post 7.5 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were issued a $0.25 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $1.00 annualized dividend and a yield of 0.6%. PJT Partners’s payout ratio is 14.58%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. The Goldman Sachs Group raised shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 price target for the company in a research note on Wednesday, April 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PJT Partners in a research note on Friday, May 29th. UBS Group lifted their price objective on PJT Partners from $152.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Zacks Research raised PJT Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Keefe, Bruyette & Woods increased their target price on PJT Partners from $166.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $173.33.

Insider Buying and Selling at PJT Partners

In other news, CFO Helen T. Meates sold 8,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $153.19, for a total value of $1,225,520.00. Following the completion of the transaction, the chief financial officer owned 58,466 shares of the company’s stock, valued at approximately $8,956,406.54. This represents a 12.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel David Adam Travin sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $152.43, for a total value of $457,290.00. Following the completion of the transaction, the general counsel owned 2,052 shares of the company’s stock, valued at approximately $312,786.36. The trade was a 59.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 10.98% of the company’s stock.

PJT Partners Company Profile

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.