PJT Partners Inc. $PJT Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lifted its position in PJT Partners Inc. (NYSE:PJT) by 5.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,470 shares of the financial services provider’s stock after acquiring an additional 124 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in PJT Partners were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. First Bank & Trust lifted its stake in shares of PJT Partners by 1.6% in the 1st quarter. First Bank & Trust now owns 5,186 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 80 shares during the period. Crestwood Advisors Group LLC lifted its stake in shares of PJT Partners by 0.6% in the 1st quarter. Crestwood Advisors Group LLC now owns 14,314 shares of the financial services provider’s stock valued at $1,974,000 after purchasing an additional 83 shares during the period. Xponance Inc. lifted its stake in shares of PJT Partners by 5.4% in the 1st quarter. Xponance Inc. now owns 1,749 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 90 shares during the period. OLD National Bancorp IN lifted its stake in shares of PJT Partners by 6.0% in the 2nd quarter. OLD National Bancorp IN now owns 1,653 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 93 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of PJT Partners by 1.6% in the 1st quarter. HighTower Advisors LLC now owns 6,166 shares of the financial services provider’s stock valued at $850,000 after purchasing an additional 96 shares during the period. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on PJT. Keefe, Bruyette & Woods decreased their target price on shares of PJT Partners from $196.00 to $180.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Wolfe Research restated an “underperform” rating on shares of PJT Partners in a research report on Thursday, July 10th. BMO Capital Markets started coverage on shares of PJT Partners in a research report on Friday, October 3rd. They set an “outperform” rating and a $205.00 price objective for the company. Weiss Ratings restated a “hold (c+)” rating on shares of PJT Partners in a research report on Wednesday, October 8th. Finally, Evercore ISI set a $180.00 target price on shares of PJT Partners in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, PJT Partners currently has a consensus rating of “Hold” and a consensus target price of $185.00.

Insider Transactions at PJT Partners

In other PJT Partners news, Director Grace Reksten Skaugen sold 1,504 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $176.89, for a total value of $266,042.56. Following the transaction, the director owned 500 shares of the company’s stock, valued at $88,445. This represents a 75.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel David Adam Travin sold 2,288 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $178.06, for a total transaction of $407,401.28. The disclosure for this sale can be found here. Corporate insiders own 11.75% of the company’s stock.

PJT Partners Trading Down 0.2%

Shares of PJT opened at $182.32 on Tuesday. PJT Partners Inc. has a 12-month low of $119.76 and a 12-month high of $190.27. The firm has a 50-day moving average price of $179.23 and a 200 day moving average price of $165.96. The firm has a market capitalization of $4.43 billion, a P/E ratio of 31.33 and a beta of 0.76.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.18. PJT Partners had a net margin of 10.45% and a return on equity of 25.61%. The firm had revenue of $731.09 billion during the quarter, compared to analyst estimates of $343.11 million. During the same quarter in the prior year, the firm posted $1.19 earnings per share. PJT Partners’s quarterly revenue was up 13.0% on a year-over-year basis. Equities research analysts predict that PJT Partners Inc. will post 6.2 earnings per share for the current fiscal year.

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.