Allspring Global Investments Holdings LLC Grows Holdings in PJT Partners Inc. (NYSE:PJT)

Allspring Global Investments Holdings LLC lifted its holdings in PJT Partners Inc. (NYSE:PJTGet Rating) by 10.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,340 shares of the financial services provider’s stock after buying an additional 512 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in PJT Partners were worth $356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TownSquare Capital LLC boosted its stake in PJT Partners by 25.0% in the 2nd quarter. TownSquare Capital LLC now owns 19,834 shares of the financial services provider’s stock worth $1,395,000 after purchasing an additional 3,972 shares in the last quarter. Advisory Research Inc. bought a new position in PJT Partners in the 2nd quarter worth about $1,067,000. Loomis Sayles & Co. L P boosted its stake in PJT Partners by 9.2% in the 2nd quarter. Loomis Sayles & Co. L P now owns 738,004 shares of the financial services provider’s stock worth $51,867,000 after purchasing an additional 62,122 shares in the last quarter. AlphaCrest Capital Management LLC boosted its stake in PJT Partners by 146.9% in the 2nd quarter. AlphaCrest Capital Management LLC now owns 14,347 shares of the financial services provider’s stock worth $1,008,000 after purchasing an additional 8,535 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in PJT Partners by 6.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 26,156 shares of the financial services provider’s stock worth $1,838,000 after purchasing an additional 1,634 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

PJT Partners Stock Performance

PJT opened at $79.00 on Wednesday. The stock has a market capitalization of $1.93 billion, a P/E ratio of 20.36 and a beta of 0.76. The company’s 50-day simple moving average is $76.87 and its two-hundred day simple moving average is $73.16. PJT Partners Inc. has a 52-week low of $54.48 and a 52-week high of $81.41.

PJT Partners (NYSE:PJTGet Rating) last posted its earnings results on Tuesday, October 25th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.09. The business had revenue of $266.09 million for the quarter, compared to analysts’ expectations of $235.00 million. PJT Partners had a net margin of 9.53% and a return on equity of 27.17%. Research analysts forecast that PJT Partners Inc. will post 4.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of PJT Partners from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 3rd. StockNews.com cut shares of PJT Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, January 11th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PJT Partners currently has an average rating of “Moderate Buy” and a consensus price target of $84.40.

PJT Partners Company Profile

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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.

See Also

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Institutional Ownership by Quarter for PJT Partners (NYSE:PJT)

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