PJT Partners (NYSE:PJT – Get Free Report) was downgraded by investment analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday, Marketbeat reports.
Several other equities research analysts also recently commented on PJT. Keefe, Bruyette & Woods lifted their price objective on PJT Partners from $151.00 to $159.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. UBS Group upgraded shares of PJT Partners from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $130.00 to $175.00 in a research note on Friday, December 6th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $152.25.
Read Our Latest Stock Analysis on PJT Partners
PJT Partners Stock Performance
PJT Partners (NYSE:PJT – Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. The business had revenue of $326.30 million for the quarter, compared to analysts’ expectations of $313.46 million. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 EPS. As a group, equities research analysts forecast that PJT Partners will post 4.4 EPS for the current fiscal year.
Insider Buying and Selling at PJT Partners
In related news, Director Kenneth C. Whitney sold 1,725 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total transaction of $275,568.75. Following the completion of the sale, the director now directly owns 9,100 shares in the company, valued at approximately $1,453,725. The trade was a 15.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Costos sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $161.41, for a total transaction of $242,115.00. Following the sale, the director now directly owns 9,360 shares of the company’s stock, valued at approximately $1,510,797.60. This represents a 13.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,766 shares of company stock worth $762,980 in the last three months. 11.71% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On PJT Partners
Several institutional investors and hedge funds have recently bought and sold shares of PJT. Captrust Financial Advisors raised its stake in shares of PJT Partners by 2.2% in the third quarter. Captrust Financial Advisors now owns 3,149 shares of the financial services provider’s stock worth $420,000 after buying an additional 67 shares during the period. M&T Bank Corp increased its holdings in PJT Partners by 3.5% in the 3rd quarter. M&T Bank Corp now owns 2,220 shares of the financial services provider’s stock worth $296,000 after acquiring an additional 75 shares in the last quarter. New York State Teachers Retirement System raised its stake in PJT Partners by 0.9% during the 3rd quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider’s stock worth $1,425,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC lifted its holdings in PJT Partners by 32.3% during the fourth quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 109 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of PJT Partners by 0.8% in the second quarter. American Century Companies Inc. now owns 14,837 shares of the financial services provider’s stock worth $1,601,000 after purchasing an additional 120 shares during the period. 89.23% of the stock is currently owned by hedge funds and other institutional investors.
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.
See Also
- Five stocks we like better than PJT Partners
- What is the MACD Indicator and How to Use it in Your Trading
- The Fed Is More Likely to Hike Than Cut Rates in 2025
- What is the NASDAQ Stock Exchange?
- Investors Navigate Uncertainty by Seeking Refuge in Gold and Oil
- The 3 Best Retail Stocks to Shop for in August
- Archer Aviation Shares Slide, Now Bargain Priced for 2025
Receive News & Ratings for PJT Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PJT Partners and related companies with MarketBeat.com's FREE daily email newsletter.