TIAA CREF Investment Management LLC Has $1.67 Million Position in PJT Partners Inc. (PJT)
TIAA CREF Investment Management LLC reduced its position in shares of PJT Partners Inc. (NYSE:PJT) by 6.7% during the first quarter, Holdings Channel reports. The firm owned 47,630 shares of the financial services provider’s stock after selling 3,433 shares during the period. TIAA CREF Investment Management LLC’s holdings in PJT Partners were worth $1,671,000 at the end of the most recent reporting period.
Separately, Teachers Advisors LLC raised its stake in PJT Partners by 3.7% in the first quarter. Teachers Advisors LLC now owns 30,190 shares of the financial services provider’s stock worth $1,059,000 after buying an additional 1,079 shares during the period. Hedge funds and other institutional investors own 58.03% of the company’s stock.
PJT Partners Inc. (NYSE PJT) opened at 40.59 on Thursday. The firm’s 50-day moving average price is $41.77 and its 200 day moving average price is $37.71. PJT Partners Inc. has a one year low of $23.98 and a one year high of $45.38. The company’s market capitalization is $751.85 million.
PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by $0.07. PJT Partners had a negative net margin of 0.27% and a negative return on equity of 115.47%. The business had revenue of $109.31 million for the quarter. On average, equities research analysts expect that PJT Partners Inc. will post $1.73 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Wednesday, September 6th. PJT Partners’s payout ratio is -200.00%.
A number of brokerages have recently issued reports on PJT. BidaskClub raised PJT Partners from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Zacks Investment Research raised PJT Partners from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Friday, July 14th. Finally, Bank of America Corporation raised PJT Partners from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $39.00 to $45.00 in a report on Thursday, May 11th.
About PJT Partners
PJT Partners Inc is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.
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