New York State Teachers Retirement System Has $1.74 Million Position in PJT Partners Inc. (NYSE:PJT)

New York State Teachers Retirement System raised its position in shares of PJT Partners Inc. (NYSE:PJT) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,999 shares of the financial services provider’s stock after acquiring an additional 311 shares during the quarter. New York State Teachers Retirement System’s holdings in PJT Partners were worth $1,736,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PJT. Quarry LP boosted its holdings in shares of PJT Partners by 186.3% in the 3rd quarter. Quarry LP now owns 209 shares of the financial services provider’s stock worth $28,000 after buying an additional 136 shares during the last quarter. GAMMA Investing LLC grew its stake in PJT Partners by 32.3% in the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock worth $70,000 after buying an additional 109 shares in the last quarter. KBC Group NV lifted its holdings in shares of PJT Partners by 113.0% in the 3rd quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 426 shares during the last quarter. Seneca House Advisors bought a new stake in PJT Partners during the 4th quarter valued at $202,000. Finally, Perigon Wealth Management LLC bought a new stake in PJT Partners during the 4th quarter valued at $219,000. Institutional investors own 89.23% of the company’s stock.

PJT Partners Trading Down 1.9 %

Shares of NYSE:PJT opened at $162.87 on Friday. The company has a market capitalization of $3.86 billion, a PE ratio of 33.24 and a beta of 0.67. The business has a 50 day moving average of $163.34 and a two-hundred day moving average of $148.44. PJT Partners Inc. has a 12-month low of $88.51 and a 12-month high of $190.27.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.19 by $0.71. The firm had revenue of $477.30 million during the quarter, compared to the consensus estimate of $384.64 million. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. The firm’s revenue was up 45.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 EPS. Equities research analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Wednesday, March 5th. PJT Partners’s dividend payout ratio (DPR) is 20.41%.

Analysts Set New Price Targets

PJT has been the topic of a number of recent research reports. UBS Group raised shares of PJT Partners from a “sell” rating to a “neutral” rating and upped their target price for the stock from $130.00 to $175.00 in a research report on Friday, December 6th. JMP Securities cut shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. Keefe, Bruyette & Woods raised their target price on shares of PJT Partners from $152.00 to $177.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. Finally, Citizens Jmp lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $158.50.

About PJT Partners

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.