Teacher Retirement System of Texas Has $816,000 Stock Position in PJT Partners Inc. (NYSE:PJT)

Posted by on Jun 12th, 2023

Teacher Retirement System of Texas increased its stake in PJT Partners Inc. (NYSE:PJT – Get Rating) by 22.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,073 shares of the financial services provider’s stock after acquiring an additional 2,050 shares during the quarter. Teacher Retirement System of Texas’ holdings in PJT Partners were worth $816,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Amalgamated Bank raised its stake in shares of PJT Partners by 3.4% during the fourth quarter. Amalgamated Bank now owns 3,949 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 131 shares in the last quarter. Prudential Financial Inc. lifted its position in PJT Partners by 4.1% in the second quarter. Prudential Financial Inc. now owns 3,853 shares of the financial services provider’s stock worth $274,000 after buying an additional 150 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of PJT Partners by 2.8% in the fourth quarter. HighTower Advisors LLC now owns 5,811 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 157 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of PJT Partners by 5.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,124 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 163 shares during the last quarter. Finally, Petrus Trust Company LTA boosted its position in PJT Partners by 6.0% in the 3rd quarter. Petrus Trust Company LTA now owns 3,720 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 209 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

PJT Partners Trading Up 0.2 %

Shares of PJT Partners stock opened at $71.66 on Monday. PJT Partners Inc. has a 12 month low of $59.61 and a 12 month high of $83.17. The business has a fifty day simple moving average of $68.42 and a two-hundred day simple moving average of $73.87. The firm has a market capitalization of $1.78 billion, a P/E ratio of 22.53 and a beta of 0.78.

PJT Partners (NYSE:PJT – Get Rating) last released its earnings results on Tuesday, May 2nd. The financial services provider reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.21). The firm had revenue of $200.00 million for the quarter, compared to analyst estimates of $228.56 million. PJT Partners had a return on equity of 17.00% and a net margin of 8.39%. The company’s revenue for the quarter was down 18.8% compared to the same quarter last year. During the same period last year, the firm earned $1.00 EPS. Analysts predict that PJT Partners Inc. will post 3.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th will be given a $0.25 dividend. The ex-dividend date is Tuesday, June 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.40%. PJT Partners’s dividend payout ratio is currently 31.45%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com initiated coverage on PJT Partners in a research note on Thursday, May 18th. They set a “hold” rating for the company. JMP Securities lifted their target price on shares of PJT Partners from $86.00 to $88.00 and gave the stock a “market outperform” rating in a report on Monday, April 10th.

About PJT Partners

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PJT Partners, Inc is a holding company, which engages in the provision of advisory-investment solutions. It specializes in strategic advisory, shareholder engagement, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments.

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Institutional Ownership by Quarter for PJT Partners (NYSE:PJT)

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