VIRGINIA RETIREMENT SYSTEMS ET Al Boosts Position in PJT Partners Inc. $PJT

VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of PJT Partners Inc. (NYSE:PJT) by 138.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,600 shares of the financial services provider’s stock after buying an additional 5,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in PJT Partners were worth $1,528,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PJT. Voya Investment Management LLC lifted its position in PJT Partners by 31.1% during the first quarter. Voya Investment Management LLC now owns 17,429 shares of the financial services provider’s stock valued at $2,403,000 after purchasing an additional 4,136 shares during the last quarter. Cresset Asset Management LLC raised its position in shares of PJT Partners by 105.4% during the 2nd quarter. Cresset Asset Management LLC now owns 21,536 shares of the financial services provider’s stock valued at $3,554,000 after buying an additional 11,053 shares in the last quarter. Congress Asset Management Co. lifted its holdings in shares of PJT Partners by 5.4% during the 3rd quarter. Congress Asset Management Co. now owns 531,378 shares of the financial services provider’s stock worth $94,442,000 after acquiring an additional 27,232 shares during the last quarter. Mutual of America Capital Management LLC grew its position in PJT Partners by 36.5% in the second quarter. Mutual of America Capital Management LLC now owns 65,784 shares of the financial services provider’s stock worth $10,855,000 after acquiring an additional 17,602 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new position in PJT Partners in the first quarter worth $2,639,000. 89.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PJT. Evercore ISI set a $180.00 price target on PJT Partners in a research report on Monday, October 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their target price on PJT Partners from $182.00 to $186.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 17th. BMO Capital Markets assumed coverage on shares of PJT Partners in a research report on Friday, October 3rd. They set an “outperform” rating and a $205.00 price target on the stock. Finally, UBS Group began coverage on shares of PJT Partners in a research note on Thursday, December 11th. They set a “neutral” rating and a $180.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, PJT Partners currently has a consensus rating of “Hold” and a consensus target price of $187.75.

PJT Partners Price Performance

PJT opened at $169.24 on Friday. The stock’s 50 day simple moving average is $169.01 and its 200 day simple moving average is $174.21. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 26.04 and a beta of 0.85. PJT Partners Inc. has a 1 year low of $119.76 and a 1 year high of $190.27.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.61. PJT Partners had a return on equity of 29.66% and a net margin of 10.75%.The firm had revenue of $447.09 million during the quarter, compared to analyst estimates of $386.76 million. As a group, sell-side analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current year.

PJT Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $1.00 annualized dividend and a yield of 0.6%. PJT Partners’s dividend payout ratio is presently 15.38%.

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.