PJT Partners Inc. (NYSE:PJT) Shares Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its stake in shares of PJT Partners Inc. (NYSE:PJT) by 1.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 12,004 shares of the financial services provider’s stock after buying an additional 158 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in PJT Partners were worth $1,295,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PJT. Louisiana State Employees Retirement System boosted its stake in shares of PJT Partners by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the financial services provider’s stock valued at $1,198,000 after acquiring an additional 100 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of PJT Partners by 5.0% during the 4th quarter. Parallel Advisors LLC now owns 3,897 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 184 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of PJT Partners by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 19,517 shares of the financial services provider’s stock worth $1,840,000 after purchasing an additional 255 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of PJT Partners during the second quarter worth about $30,000. Finally, ProShare Advisors LLC raised its position in shares of PJT Partners by 7.3% in the first quarter. ProShare Advisors LLC now owns 4,754 shares of the financial services provider’s stock valued at $448,000 after buying an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on PJT. UBS Group lifted their target price on shares of PJT Partners from $85.00 to $93.00 and gave the stock a “sell” rating in a research note on Tuesday, July 9th. The Goldman Sachs Group raised their price target on PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $128.00 price objective (up previously from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. Finally, JMP Securities increased their price objective on shares of PJT Partners from $120.00 to $142.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $116.80.

Insider Buying and Selling

In other PJT Partners news, Director Emily K. Rafferty sold 1,696 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $130.79, for a total value of $221,819.84. Following the transaction, the director now directly owns 7,404 shares of the company’s stock, valued at $968,369.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other PJT Partners news, insider Ji-Yeun Lee sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $118.85, for a total value of $1,188,500.00. Following the completion of the transaction, the insider now owns 61,433 shares in the company, valued at approximately $7,301,312.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Emily K. Rafferty sold 1,696 shares of PJT Partners stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $130.79, for a total transaction of $221,819.84. Following the sale, the director now owns 7,404 shares in the company, valued at approximately $968,369.16. The disclosure for this sale can be found here. In the last three months, insiders sold 25,297 shares of company stock valued at $3,092,668. Company insiders own 10.67% of the company’s stock.

PJT Partners Trading Down 1.1 %

PJT stock opened at $116.84 on Thursday. The company has a market cap of $2.78 billion, a PE ratio of 32.19 and a beta of 0.61. The stock has a 50-day moving average price of $119.30 and a two-hundred day moving average price of $106.72. PJT Partners Inc. has a 12-month low of $71.47 and a 12-month high of $136.90.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.49. The firm had revenue of $360.00 million during the quarter, compared to the consensus estimate of $281.93 million. PJT Partners had a net margin of 7.96% and a return on equity of 18.04%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. Equities analysts forecast that PJT Partners Inc. will post 4.35 EPS for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. PJT Partners’s payout ratio is 27.55%.

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.