PJT Partners Inc. $PJT Shares Bought by Klingman & Associates LLC

Klingman & Associates LLC lifted its position in PJT Partners Inc. (NYSE:PJT) by 106.9% during the first quarter, Holdings Channel reports. The institutional investor owned 14,233 shares of the financial services provider’s stock after buying an additional 7,353 shares during the quarter. Klingman & Associates LLC’s holdings in PJT Partners were worth $1,989,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Jackson Creek Investment Advisors LLC purchased a new stake in shares of PJT Partners during the fourth quarter valued at approximately $1,373,000. Bessemer Group Inc. grew its holdings in shares of PJT Partners by 1,446.5% in the fourth quarter. Bessemer Group Inc. now owns 115,000 shares of the financial services provider’s stock worth $19,229,000 after purchasing an additional 107,564 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its stake in shares of PJT Partners by 28.8% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 35,055 shares of the financial services provider’s stock worth $5,861,000 after buying an additional 7,830 shares during the period. TimesSquare Capital Management LLC increased its stake in shares of PJT Partners by 8.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 142,496 shares of the financial services provider’s stock worth $23,825,000 after buying an additional 10,570 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in PJT Partners by 28.5% during the 4th quarter. State of Alaska Department of Revenue now owns 17,010 shares of the financial services provider’s stock valued at $2,843,000 after buying an additional 3,775 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Trading Down 0.3%

Shares of NYSE PJT opened at $163.72 on Friday. The firm has a fifty day simple moving average of $157.99 and a two-hundred day simple moving average of $156.74. PJT Partners Inc. has a 12 month low of $127.73 and a 12 month high of $195.62. The firm has a market capitalization of $4.23 billion, a PE ratio of 23.87 and a beta of 0.85.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.03. PJT Partners had a net margin of 10.32% and a return on equity of 32.00%. The firm had revenue of $418.20 million for the quarter, compared to analyst estimates of $409.38 million. During the same quarter in the previous year, the firm posted $1.05 EPS. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. On average, sell-side analysts predict that PJT Partners Inc. will post 7.5 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on PJT. Keefe, Bruyette & Woods increased their price target on shares of PJT Partners from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. The Goldman Sachs Group upgraded shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 price objective on the stock in a research report on Wednesday, April 1st. Zacks Research raised shares of PJT Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. UBS Group increased their target price on shares of PJT Partners from $160.00 to $162.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PJT Partners in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, PJT Partners has an average rating of “Hold” and a consensus price target of $175.33.

Insider Transactions at PJT Partners

In other PJT Partners news, General Counsel David Adam Travin sold 3,000 shares of PJT Partners stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $152.43, for a total transaction of $457,290.00. Following the sale, the general counsel directly owned 2,052 shares of the company’s stock, valued at approximately $312,786.36. The trade was a 59.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Helen T. Meates sold 8,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $153.19, for a total value of $1,225,520.00. Following the completion of the sale, the chief financial officer directly owned 58,466 shares in the company, valued at approximately $8,956,406.54. The trade was a 12.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 10.98% of the stock is owned by corporate insiders.

PJT Partners Profile

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.