State of Alaska Department of Revenue Buys Shares of 13,719 PJT Partners Inc. (NYSE:PJT)

State of Alaska Department of Revenue bought a new position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 13,719 shares of the financial services provider's stock, valued at approximately $1,397,000. State of Alaska Department of Revenue owned 0.06% of PJT Partners at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PJT. BlackRock Inc. lifted its stake in shares of PJT Partners by 4.4% in the 2nd quarter. BlackRock Inc. now owns 1,767,070 shares of the financial services provider's stock valued at $123,059,000 after purchasing an additional 75,198 shares during the period. Clearbridge Investments LLC lifted its stake in shares of PJT Partners by 6.7% in the 3rd quarter. Clearbridge Investments LLC now owns 1,104,971 shares of the financial services provider's stock valued at $87,779,000 after purchasing an additional 68,951 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of PJT Partners by 7.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 969,694 shares of the financial services provider's stock valued at $77,032,000 after purchasing an additional 69,485 shares during the period. Alliancebernstein L.P. lifted its stake in shares of PJT Partners by 7.1% in the 4th quarter. Alliancebernstein L.P. now owns 908,829 shares of the financial services provider's stock valued at $66,972,000 after purchasing an additional 59,916 shares during the period. Finally, State Street Corp lifted its stake in shares of PJT Partners by 2.9% in the 2nd quarter. State Street Corp now owns 544,900 shares of the financial services provider's stock valued at $37,947,000 after purchasing an additional 15,427 shares during the period. 89.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PJT Partners

In other news, General Counsel David Adam Travin sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $93.21, for a total value of $466,050.00. Following the transaction, the general counsel now owns 1,541 shares in the company, valued at approximately $143,636.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, General Counsel David Adam Travin sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $93.21, for a total value of $466,050.00. Following the transaction, the general counsel now owns 1,541 shares in the company, valued at $143,636.61. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Helen T. Meates sold 12,926 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $105.51, for a total value of $1,363,822.26. Following the completion of the transaction, the chief financial officer now owns 48,821 shares in the company, valued at approximately $5,151,103.71. The disclosure for this sale can be found here. Insiders have sold 27,926 shares of company stock worth $2,875,672 in the last 90 days. Insiders own 10.67% of the company's stock.

PJT Partners Stock Performance

PJT traded up $0.38 during midday trading on Monday, reaching $97.00. 195,194 shares of the company were exchanged, compared to its average volume of 272,702. The company's fifty day moving average price is $98.43 and its 200 day moving average price is $91.80. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 31.49 and a beta of 0.68. PJT Partners Inc. has a one year low of $59.61 and a one year high of $107.35.

PJT Partners (NYSE:PJT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.20. PJT Partners had a return on equity of 17.44% and a net margin of 7.09%. The firm had revenue of $328.60 million during the quarter, compared to analyst estimates of $304.26 million. During the same period in the previous year, the company posted $1.08 EPS. The company's revenue for the quarter was up 17.4% on a year-over-year basis. As a group, sell-side analysts anticipate that PJT Partners Inc. will post 3.85 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were paid a $0.25 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. PJT Partners's payout ratio is presently 32.47%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PJT. UBS Group reaffirmed a "sell" rating and issued a $75.00 target price (down from $100.00) on shares of PJT Partners in a research report on Tuesday, March 26th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $99.00 target price (down from $108.00) on shares of PJT Partners in a research report on Tuesday, January 9th. JMP Securities boosted their target price on PJT Partners from $105.00 to $110.00 and gave the company a "market outperform" rating in a research report on Wednesday, February 7th. Finally, Wolfe Research reaffirmed an "underperform" rating and issued a $89.00 target price on shares of PJT Partners in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $93.25.

PJT Partners 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.