PJT Partners Inc. $PJT Shares Purchased by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. raised its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 130.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,320 shares of the financial services provider’s stock after purchasing an additional 3,015 shares during the period. Pittenger & Anderson Inc.’s holdings in PJT Partners were worth $878,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S bought a new stake in PJT Partners during the first quarter valued at $45,000. Quarry LP bought a new stake in PJT Partners during the first quarter valued at $45,000. Morse Asset Management Inc increased its stake in PJT Partners by 1,640.0% during the first quarter. Morse Asset Management Inc now owns 435 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 410 shares during the last quarter. SouthState Corp increased its stake in PJT Partners by 126.7% during the first quarter. SouthState Corp now owns 544 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 304 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in PJT Partners by 33.4% during the first quarter. GAMMA Investing LLC now owns 595 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 149 shares during the last quarter. Institutional investors own 89.23% of the company’s stock.

Insider Activity

In other PJT Partners news, 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 value of $407,401.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $266,042.56. Following the completion of the sale, the director directly owned 500 shares of the company’s stock, valued at $88,445. The trade was a 75.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.75% of the company’s stock.

PJT Partners Stock Down 0.4%

PJT stock opened at $177.18 on Wednesday. The company has a market capitalization of $4.31 billion, a P/E ratio of 30.44 and a beta of 0.76. The company has a 50-day simple moving average of $179.39 and a 200 day simple moving average of $164.32. PJT Partners Inc. has a fifty-two week low of $119.76 and a fifty-two week high of $190.27.

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

PJT Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $1.00 annualized dividend and a yield of 0.6%. PJT Partners’s dividend payout ratio is presently 17.18%.

Analyst Ratings Changes

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

PJT Partners 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.