Teacher Retirement System of Texas Purchases 21,688 Shares of PJT Partners Inc. (NYSE:PJT)

Teacher Retirement System of Texas raised its stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 274.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 29,602 shares of the financial services provider's stock after purchasing an additional 21,688 shares during the period. Teacher Retirement System of Texas owned 0.12% of PJT Partners worth $4,671,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PJT. Harvest Fund Management Co. Ltd bought a new position in shares of PJT Partners during the 4th quarter valued at approximately $247,000. Xponance Inc. lifted its holdings in PJT Partners by 7.4% during the fourth quarter. Xponance Inc. now owns 1,659 shares of the financial services provider's stock valued at $262,000 after purchasing an additional 115 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of PJT Partners in the fourth quarter worth approximately $344,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of PJT Partners in the fourth quarter worth $239,000. Finally, Commonwealth Equity Services LLC raised its position in shares of PJT Partners by 53.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,769 shares of the financial services provider's stock valued at $910,000 after purchasing an additional 2,012 shares during the period. Hedge funds and other institutional investors own 89.23% of the company's stock.

PJT Partners Stock Down 3.5 %

PJT Partners stock traded down $5.02 during midday trading on Thursday, reaching $139.94. 217,628 shares of the stock traded hands, compared to its average volume of 226,979. The stock has a market cap of $3.26 billion, a P/E ratio of 28.56 and a beta of 0.68. The stock's fifty day moving average is $159.00 and its 200-day moving average is $152.62. PJT Partners Inc. has a 12 month low of $90.95 and a 12 month high of $190.28.

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PJT Partners (NYSE:PJT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, beating analysts' consensus estimates 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 company's quarterly 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. On average, equities analysts predict that PJT Partners Inc. will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Wednesday, March 5th. PJT Partners's payout ratio is 20.41%.

Wall Street Analysts Forecast Growth

PJT has been the subject of a number of analyst reports. Citizens Jmp lowered PJT Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 13th. Keefe, Bruyette & Woods lifted their target price on PJT Partners from $152.00 to $177.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. JMP Securities downgraded PJT Partners from an "outperform" rating to a "market perform" rating in a research note on Monday, January 13th. Finally, UBS Group raised shares of PJT Partners from a "sell" rating to a "neutral" rating and increased their price objective for the company from $130.00 to $175.00 in a report on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $158.50.

PJT Partners Company 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.