Alliance Wealth Advisors LLC UT Buys Shares of 2,757 PJT Partners Inc. (NYSE:PJT)

Alliance Wealth Advisors LLC UT purchased a new position in shares of PJT Partners Inc. (NYSE:PJT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,757 shares of the financial services provider’s stock, valued at approximately $435,000.

Other institutional investors have also modified their holdings of the company. Congress Asset Management Co. lifted its stake in PJT Partners by 29.6% during the 3rd quarter. Congress Asset Management Co. now owns 317,974 shares of the financial services provider’s stock worth $42,399,000 after acquiring an additional 72,582 shares in the last quarter. State Street Corp lifted its position in shares of PJT Partners by 5.7% during the third quarter. State Street Corp now owns 1,001,911 shares of the financial services provider’s stock worth $133,595,000 after purchasing an additional 54,071 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of PJT Partners by 7.9% during the third quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider’s stock worth $82,556,000 after purchasing an additional 45,327 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of PJT Partners in the third quarter valued at approximately $5,675,000. Finally, Champlain Investment Partners LLC grew its holdings in shares of PJT Partners by 7.4% in the third quarter. Champlain Investment Partners LLC now owns 594,359 shares of the financial services provider’s stock valued at $79,252,000 after purchasing an additional 41,119 shares in the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods decreased their price target on shares of PJT Partners from $159.00 to $152.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. Citizens Jmp lowered PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. UBS Group upgraded PJT Partners from a “sell” rating to a “neutral” rating and upped their price target for the stock from $130.00 to $175.00 in a report on Friday, December 6th. Finally, JMP Securities cut PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $152.25.

PJT Partners Trading Up 5.2 %

PJT Partners stock opened at $173.98 on Wednesday. The stock has a market cap of $4.12 billion, a P/E ratio of 44.16 and a beta of 0.67. The company has a fifty day simple moving average of $160.59 and a 200-day simple moving average of $144.05. PJT Partners Inc. has a 12-month low of $88.51 and a 12-month high of $190.28.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.71. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The company had revenue of $477.30 million during the quarter, compared to the consensus estimate of $384.64 million. During the same period in the previous year, the business earned $0.96 EPS. PJT Partners’s revenue for the quarter was up 45.3% on a year-over-year basis. As a group, sell-side analysts forecast that PJT Partners Inc. will post 4.2 earnings per share for the current fiscal year.

Insider Activity at PJT Partners

In other PJT Partners news, Director Kenneth C. Whitney sold 1,725 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total value of $275,568.75. Following the completion of the transaction, the director now owns 9,100 shares in the company, valued at $1,453,725. This represents a 15.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James Costos sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $161.41, for a total value of $242,115.00. Following the transaction, the director now directly owns 9,360 shares in the company, valued at approximately $1,510,797.60. The trade was a 13.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,766 shares of company stock valued at $762,980 over the last three months. 11.71% of the stock is owned by corporate insiders.

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.