8,105 Shares in PJT Partners Inc. (NYSE:PJT) Purchased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System acquired a new position in shares of PJT Partners Inc. (NYSE:PJT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,105 shares of the financial services provider's stock, valued at approximately $826,000.

Several other hedge funds also recently modified their holdings of PJT. Private Advisor Group LLC acquired a new position in PJT Partners during the fourth quarter worth $232,000. M&T Bank Corp acquired a new position in shares of PJT Partners during the 4th quarter worth approximately $217,000. Amalgamated Bank raised its position in shares of PJT Partners by 167.3% in the fourth quarter. Amalgamated Bank now owns 9,822 shares of the financial services provider's stock valued at $1,001,000 after purchasing an additional 6,148 shares during the period. Intrust Bank NA lifted its stake in shares of PJT Partners by 8.6% during the 4th quarter. Intrust Bank NA now owns 3,186 shares of the financial services provider's stock worth $325,000 after buying an additional 251 shares during the last quarter. Finally, Yousif Capital Management LLC acquired a new position in PJT Partners in the 4th quarter valued at about $1,126,000. Institutional investors own 89.23% of the company's stock.

PJT Partners Stock Performance

Shares of PJT Partners stock traded up $1.02 on Friday, reaching $101.29. 175,931 shares of the stock were exchanged, compared to its average volume of 303,381. The firm has a market cap of $2.42 billion, a PE ratio of 27.90 and a beta of 0.67. The firm's 50 day moving average is $96.10 and its 200-day moving average is $94.63. PJT Partners Inc. has a one year low of $61.03 and a one year high of $107.35.

PJT Partners (NYSE:PJT - Get Free Report) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.53. PJT Partners had a return on equity of 17.36% and a net margin of 7.57%. The firm had revenue of $329.39 million for the quarter, compared to the consensus estimate of $229.32 million. During the same quarter last year, the business posted $0.54 EPS. The company's revenue was up 64.7% compared to the same quarter last year. On average, equities research analysts expect that PJT Partners Inc. will post 4 EPS for the current fiscal year.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Wednesday, June 5th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Wednesday, June 5th. PJT Partners's dividend payout ratio (DPR) is presently 27.55%.

Analyst Upgrades and Downgrades

PJT has been the subject of a number of recent research reports. JMP Securities reissued a "market outperform" rating and issued a $110.00 price objective on shares of PJT Partners in a report on Tuesday, April 9th. UBS Group reiterated a "sell" rating and issued a $75.00 price target (down from $100.00) on shares of PJT Partners in a research note on Tuesday, March 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $93.25.

Insider Activity at PJT Partners

In related news, CFO Helen T. Meates sold 12,926 shares of the business's stock in a transaction 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 sale, the chief financial officer now owns 48,821 shares of the company's stock, valued at $5,151,103.71. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other PJT Partners news, insider Ji-Yeun Lee sold 10,000 shares of the company's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $104.58, for a total transaction of $1,045,800.00. Following the sale, the insider now directly owns 73,421 shares of the company's stock, valued at $7,678,368.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Helen T. Meates sold 12,926 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $105.51, for a total value of $1,363,822.26. Following the completion of the sale, the chief financial officer now directly owns 48,821 shares in the company, valued at $5,151,103.71. The disclosure for this sale can be found here. 10.67% of the stock is owned by insiders.

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.