PJT Partners Inc. $PJT Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System lifted its holdings in PJT Partners Inc. (NYSE:PJT) by 27.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 27,881 shares of the financial services provider’s stock after purchasing an additional 5,980 shares during the period. California State Teachers Retirement System’s holdings in PJT Partners were worth $3,896,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of PJT. Wasatch Advisors LP bought a new stake in shares of PJT Partners during the 3rd quarter valued at about $68,604,000. Bessemer Group Inc. raised its stake in PJT Partners by 1,446.5% during the fourth quarter. Bessemer Group Inc. now owns 115,000 shares of the financial services provider’s stock worth $19,229,000 after acquiring an additional 107,564 shares during the period. Two Sigma Investments LP lifted its holdings in PJT Partners by 390.1% in the third quarter. Two Sigma Investments LP now owns 84,936 shares of the financial services provider’s stock worth $15,096,000 after acquiring an additional 67,606 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in PJT Partners by 108.7% in the fourth quarter. Janus Henderson Group PLC now owns 121,918 shares of the financial services provider’s stock worth $20,376,000 after acquiring an additional 63,504 shares during the last quarter. Finally, Tudor Investment Corp ET AL lifted its holdings in PJT Partners by 61.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 149,951 shares of the financial services provider’s stock worth $25,072,000 after acquiring an additional 57,220 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Stock Down 0.9%

PJT Partners stock opened at $171.21 on Friday. The firm has a 50-day moving average price of $161.27 and a two-hundred day moving average price of $156.06. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 23.42 and a beta of 0.84. PJT Partners Inc. has a 52-week low of $127.73 and a 52-week high of $195.62.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, July 28th. The financial services provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.57 by $0.40. PJT Partners had a net margin of 10.57% and a return on equity of 32.66%. The firm had revenue of $486.29 million during the quarter, compared to analysts’ expectations of $425.28 million. During the same quarter in the prior year, the firm earned $1.54 EPS. PJT Partners’s quarterly revenue was up 19.5% on a year-over-year basis. Research analysts expect that PJT Partners Inc. will post 8 earnings per share for the current year.

PJT Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 2nd. PJT Partners’s dividend payout ratio is 13.68%.

Insider Transactions at PJT Partners

In related news, Director Grace Reksten Skaugen sold 1,283 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $167.67, for a total value of $215,120.61. Following the sale, the director directly owned 500 shares in the company, valued at $83,835. This trade represents a 71.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.98% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PJT shares. Keefe, Bruyette & Woods upped their target price on PJT Partners from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of PJT Partners in a report on Friday, May 29th. Wall Street Zen upgraded PJT Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. UBS Group restated a “neutral” rating and set a $176.00 price objective on shares of PJT Partners in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded PJT Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, PJT Partners currently has an average rating of “Hold” and an average price target of $177.50.

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.