Jackson Creek Investment Advisors LLC Makes New $1.37 Million Investment in PJT Partners Inc. $PJT

Key Points

• Jackson Creek Investment Advisors opened a new position in PJT Partners in the fourth quarter, buying 8,210 shares worth about $1.37 million.
• PJT Partners reported strong quarterly results, with earnings of $1.54 per share beating estimates and revenue rising 28.9% year over year to $418.2 million.
• The company announced a quarterly dividend of $0.25 per share, while analysts currently have a Hold consensus rating with an average price target of $173.33.

Jackson Creek Investment Advisors LLC purchased a new position in PJT Partners Inc. (NYSE:PJT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,210 shares of the financial services provider's stock, valued at approximately $1,373,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PJT. New Age Alpha Advisors LLC lifted its holdings in shares of PJT Partners by 6.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 1,203 shares of the financial services provider's stock worth $201,000 after acquiring an additional 78 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of PJT Partners by 50.0% in the 4th quarter. Handelsbanken Fonder AB now owns 8,400 shares of the financial services provider's stock worth $1,404,000 after acquiring an additional 2,800 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in shares of PJT Partners by 8.0% in the 4th quarter. TimesSquare Capital Management LLC now owns 142,496 shares of the financial services provider's stock worth $23,825,000 after acquiring an additional 10,570 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of PJT Partners by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 4,485 shares of the financial services provider's stock worth $750,000 after acquiring an additional 131 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of PJT Partners by 1.4% in the 4th quarter. HighTower Advisors LLC now owns 5,661 shares of the financial services provider's stock worth $946,000 after acquiring an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 89.23% of the company's stock.

PJT Partners Stock Up 1.0%

NYSE:PJT opened at $154.23 on Thursday. The company has a fifty day moving average of $149.19 and a 200 day moving average of $159.73. PJT Partners Inc. has a 52 week low of $127.73 and a 52 week high of $195.62. The firm has a market capitalization of $3.98 billion, a P/E ratio of 22.48 and a beta of 0.86.

PJT Partners (NYSE:PJT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.03. PJT Partners had a net margin of 10.32% and a return on equity of 32.00%. The company had revenue of $418.20 million during the quarter, compared to analyst estimates of $409.38 million. During the same period in the prior year, the business posted $1.05 EPS. The firm's revenue was up 28.9% compared to the same quarter last year. As a group, analysts anticipate that PJT Partners Inc. will post 7.5 EPS for the current year.

PJT Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, June 3rd. PJT Partners's dividend payout ratio is currently 14.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of PJT Partners from $166.00 to $175.00 and gave the stock an "outperform" rating in a report on Wednesday, April 29th. UBS Group boosted their price objective on shares of PJT Partners from $152.00 to $160.00 and gave the stock a "neutral" rating in a report on Wednesday, April 29th. The Goldman Sachs Group upgraded shares of PJT Partners from a "neutral" rating to a "buy" rating and set a $170.00 price objective for the company in a report on Wednesday, April 1st. Wall Street Zen lowered shares of PJT Partners from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. Finally, Zacks Research lowered shares of PJT Partners from a "hold" rating to a "strong sell" rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, PJT Partners currently has a consensus rating of "Hold" and an average price target of $173.33.

Insiders Place Their Bets

In related news, CFO Helen T. Meates sold 8,000 shares of the company's stock in a transaction on Friday, May 1st. The shares were sold at an average price of $153.19, for a total transaction of $1,225,520.00. Following the completion of the sale, the chief financial officer directly owned 58,466 shares in the company, valued at $8,956,406.54. This represents a 12.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel David Adam Travin sold 3,000 shares of the company's stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $152.43, for a total transaction of $457,290.00. Following the sale, the general counsel owned 2,052 shares of the company's stock, valued at $312,786.36. This represents a 59.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 10.98% of the company's stock.

About PJT Partners

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.