Public Employees Retirement System of Ohio Has $8.36 Million Holdings in PJT Partners Inc. $PJT

Public Employees Retirement System of Ohio increased its position in shares of PJT Partners Inc. (NYSE:PJT) by 11.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,841 shares of the financial services provider’s stock after purchasing an additional 5,973 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in PJT Partners were worth $8,361,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PJT. Wasatch Advisors LP raised its position in shares of PJT Partners by 40.4% in the 1st quarter. Wasatch Advisors LP now owns 824,537 shares of the financial services provider’s stock valued at $115,204,000 after buying an additional 237,428 shares in the last quarter. Geode Capital Management LLC increased its stake in PJT Partners by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 682,886 shares of the financial services provider’s stock valued at $114,195,000 after acquiring an additional 16,388 shares during the last quarter. Morgan Stanley increased its stake in PJT Partners by 7.5% in the fourth quarter. Morgan Stanley now owns 659,729 shares of the financial services provider’s stock valued at $110,307,000 after acquiring an additional 45,758 shares during the last quarter. Invesco Ltd. raised its position in PJT Partners by 3.2% during the fourth quarter. Invesco Ltd. now owns 535,857 shares of the financial services provider’s stock valued at $89,595,000 after purchasing an additional 16,445 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in PJT Partners by 9.8% during the second quarter. Alliancebernstein L.P. now owns 528,689 shares of the financial services provider’s stock worth $87,239,000 after purchasing an additional 47,279 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors and hedge funds.

PJT Partners Stock Down 0.1%

NYSE PJT opened at $168.86 on Tuesday. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 24.61 and a beta of 0.85. PJT Partners Inc. has a twelve month low of $127.73 and a twelve month high of $195.62. The business’s fifty day moving average is $158.47 and its 200 day moving average is $156.59.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. The business had revenue of $418.20 million during the quarter, compared to analysts’ expectations of $409.38 million. PJT Partners had a return on equity of 32.00% and a net margin of 10.32%.The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 EPS. On average, research analysts anticipate that PJT Partners Inc. will post 7.5 earnings per share for the current fiscal year.

Insider Transactions at PJT Partners

In related news, CFO Helen T. Meates sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $153.19, for a total value of $1,225,520.00. Following the completion of the transaction, the chief financial officer owned 58,466 shares in the company, valued at $8,956,406.54. This trade represents a 12.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 owned 2,052 shares in the company, valued at approximately $312,786.36. This represents a 59.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 10.98% of the company’s stock.

Analyst Ratings Changes

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

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.