PJT Partners Inc. (NYSE:PJT) Stake Boosted by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its holdings in PJT Partners Inc. (NYSE:PJT) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,578 shares of the financial services provider’s stock after purchasing an additional 622 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of PJT Partners worth $1,810,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its position in PJT Partners by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the financial services provider’s stock worth $1,198,000 after buying an additional 100 shares during the period. American Century Companies Inc. grew its position in shares of PJT Partners by 0.8% during the second quarter. American Century Companies Inc. now owns 14,837 shares of the financial services provider’s stock worth $1,601,000 after acquiring an additional 120 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of PJT Partners by 3.3% in the 2nd quarter. AQR Capital Management LLC now owns 4,207 shares of the financial services provider’s stock worth $454,000 after acquiring an additional 136 shares during the period. Sei Investments Co. lifted its position in PJT Partners by 1.4% in the 2nd quarter. Sei Investments Co. now owns 10,458 shares of the financial services provider’s stock valued at $1,129,000 after purchasing an additional 141 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in PJT Partners by 76.4% during the 3rd quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 146 shares during the period. Institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Performance

NYSE PJT opened at $139.60 on Friday. The stock has a market capitalization of $3.32 billion, a P/E ratio of 35.43 and a beta of 0.61. The business’s fifty day moving average is $133.33 and its two-hundred day moving average is $117.77. PJT Partners Inc. has a 1 year low of $77.90 and a 1 year high of $151.10.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $326.30 million during the quarter, compared to analyst estimates of $313.46 million. PJT Partners had a return on equity of 18.98% and a net margin of 8.03%. PJT Partners’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the company posted $0.78 EPS. On average, research analysts forecast that PJT Partners Inc. will post 4.4 earnings per share for the current year.

PJT Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, December 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.72%. PJT Partners’s dividend payout ratio is currently 25.38%.

Insider Activity at PJT Partners

In other PJT Partners news, Director Grace Reksten Skaugen sold 2,015 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $124.86, for a total transaction of $251,592.90. Following the sale, the director now directly owns 500 shares of the company’s stock, valued at $62,430. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other PJT Partners news, Director Grace Reksten Skaugen sold 2,015 shares of PJT Partners stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $124.86, for a total transaction of $251,592.90. Following the transaction, the director now owns 500 shares of the company’s stock, valued at $62,430. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kievdi Don Cornwell sold 11,586 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $123.49, for a total value of $1,430,755.14. Following the completion of the transaction, the director now owns 8,339 shares in the company, valued at $1,029,783.11. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,601 shares of company stock worth $2,870,848. 11.71% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on PJT shares. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $128.00 price target (up previously from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. The Goldman Sachs Group lifted their target price on PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. UBS Group raised their price target on PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a report on Tuesday, October 8th. Finally, JMP Securities upped their price objective on shares of PJT Partners from $142.00 to $150.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $123.80.

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.