7,400 Shares in PJT Partners Inc. $PJT Bought by Strs Ohio

Key Points

• Strs Ohio has purchased a new position in PJT Partners Inc., acquiring 7,400 shares valued at approximately $1,020,000.
• PJT Partners reported EPS of $1.54, exceeding the consensus estimate of $1.36, with quarterly revenue of $731.09 million, significantly above expectations.
• The company recently declared a quarterly dividend of $0.25, equating to an annualized dividend yield of 0.5% and a payout ratio of 17.18%.

Strs Ohio bought a new position in PJT Partners Inc. (NYSE:PJT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,400 shares of the financial services provider's stock, valued at approximately $1,020,000.

Several other institutional investors have also recently modified their holdings of PJT. Cetera Investment Advisers acquired a new position in PJT Partners in the 4th quarter worth approximately $208,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in PJT Partners by 2.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,267 shares of the financial services provider's stock valued at $2,094,000 after purchasing an additional 363 shares during the period. Millennium Management LLC purchased a new position in shares of PJT Partners during the 4th quarter valued at about $555,000. ProShare Advisors LLC boosted its stake in shares of PJT Partners by 42.7% in the fourth quarter. ProShare Advisors LLC now owns 7,031 shares of the financial services provider's stock worth $1,110,000 after buying an additional 2,104 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in PJT Partners by 1.9% in the fourth quarter. Two Sigma Advisers LP now owns 15,900 shares of the financial services provider's stock valued at $2,509,000 after acquiring an additional 300 shares during the period. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PJT shares. Wolfe Research reaffirmed an "underperform" rating on shares of PJT Partners in a research note on Thursday, July 10th. Keefe, Bruyette & Woods increased their price objective on shares of PJT Partners from $161.00 to $199.00 and gave the company a "market perform" rating in a report on Monday, July 14th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and an average price target of $174.67.

PJT Partners Price Performance

Shares of PJT stock traded down $2.07 during trading hours on Monday, reaching $185.61. 131,112 shares of the stock were exchanged, compared to its average volume of 154,322. The firm has a market capitalization of $4.51 billion, a P/E ratio of 31.89 and a beta of 0.75. The business's fifty day moving average is $181.05 and its two-hundred day moving average is $159.09. PJT Partners Inc. has a 12-month low of $119.76 and a 12-month high of $190.27.

PJT Partners (NYSE:PJT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.18. PJT Partners had a net margin of 10.45% and a return on equity of 25.61%. The business had revenue of $731.09 billion during the quarter, compared to the consensus estimate of $343.11 million. During the same quarter in the previous year, the firm earned $1.19 EPS. The company's revenue was up 13.0% compared to the same quarter last year. As a group, equities research analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $1.00 annualized dividend and a yield of 0.5%. PJT Partners's payout ratio is presently 17.18%.

Insider Buying and Selling at PJT Partners

In other news, General Counsel David Adam Travin sold 2,288 shares of the company's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $178.06, for a total transaction of $407,401.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Grace Reksten Skaugen sold 1,504 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $176.89, for a total value of $266,042.56. Following the sale, the director directly owned 500 shares of the company's stock, valued at approximately $88,445. This trade represents a 75.05% decrease in their position. The disclosure for this sale can be found here. Insiders own 11.75% of the company's stock.

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.