Bessemer Group Inc. trimmed its stake in shares of PJT Partners Inc (NYSE:PJT) by 6.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 49,342 shares of the financial services provider’s stock after selling 3,500 shares during the quarter. Bessemer Group Inc. owned about 0.21% of PJT Partners worth $2,000,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. Clearbridge Investments LLC grew its position in shares of PJT Partners by 411,354.7% in the first quarter. Clearbridge Investments LLC now owns 308,591 shares of the financial services provider’s stock valued at $12,899,000 after purchasing an additional 308,516 shares in the last quarter. Marshall Wace North America L.P. grew its position in shares of PJT Partners by 3.5% in the first quarter. Marshall Wace North America L.P. now owns 13,248 shares of the financial services provider’s stock valued at $553,000 after purchasing an additional 454 shares in the last quarter. Marshall Wace LLP grew its position in shares of PJT Partners by 146.4% in the first quarter. Marshall Wace LLP now owns 82,465 shares of the financial services provider’s stock valued at $3,447,000 after purchasing an additional 48,991 shares in the last quarter. Pittenger & Anderson Inc. grew its position in shares of PJT Partners by 5,639.1% in the first quarter. Pittenger & Anderson Inc. now owns 1,320 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 1,297 shares in the last quarter. Finally, Martingale Asset Management L P grew its position in shares of PJT Partners by 12.6% in the first quarter. Martingale Asset Management L P now owns 99,008 shares of the financial services provider’s stock valued at $4,139,000 after purchasing an additional 11,090 shares in the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.
NYSE:PJT traded up $0.45 during trading hours on Friday, hitting $36.79. 966 shares of the company’s stock traded hands, compared to its average volume of 150,626. The company has a market cap of $864.83 million, a price-to-earnings ratio of 19.26, a P/E/G ratio of 0.69 and a beta of 1.26. PJT Partners Inc has a 52 week low of $35.28 and a 52 week high of $61.18. The company has a fifty day moving average of $39.40. The company has a current ratio of 5.13, a quick ratio of 5.13 and a debt-to-equity ratio of 0.38.
PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.04). PJT Partners had a return on equity of 15.66% and a net margin of 4.01%. The firm had revenue of $128.06 million for the quarter. As a group, equities research analysts anticipate that PJT Partners Inc will post 2.19 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on the company. ValuEngine upgraded Zumiez from a “sell” rating to a “hold” rating in a research report on Monday. Zacks Investment Research raised Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Friday, July 19th. Finally, Buckingham Research dropped their price objective on PJT Partners from $49.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.00.
PJT Partners Company Profile
PJT Partners Inc, an investment bank, provides various strategic advisory, shareholder engagement, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.
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