Nisa Investment Advisors LLC Has $802,000 Stock Position in PJT Partners Inc. (NYSE:PJT)

Nisa Investment Advisors LLC lifted its position in PJT Partners Inc. (NYSE:PJT) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,080 shares of the financial services provider’s stock after buying an additional 200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in PJT Partners were worth $802,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PJT. State Street Corp boosted its stake in shares of PJT Partners by 5.7% during the 3rd quarter. State Street Corp now owns 1,001,911 shares of the financial services provider’s stock worth $133,595,000 after acquiring an additional 54,071 shares during the period. Geode Capital Management LLC raised its position in shares of PJT Partners by 7.9% in the third quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider’s stock valued at $82,556,000 after purchasing an additional 45,327 shares during the period. Champlain Investment Partners LLC lifted its stake in shares of PJT Partners by 7.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 594,359 shares of the financial services provider’s stock worth $79,252,000 after buying an additional 41,119 shares during the last quarter. FMR LLC grew its stake in PJT Partners by 10.9% in the 3rd quarter. FMR LLC now owns 417,271 shares of the financial services provider’s stock valued at $55,639,000 after buying an additional 41,007 shares during the last quarter. Finally, Congress Asset Management Co. boosted its holdings in shares of PJT Partners by 29.6% during the third 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 during the period. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

PJT Partners Stock Up 2.1 %

PJT opened at $165.30 on Wednesday. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 41.95 and a beta of 0.66. PJT Partners Inc. has a twelve month low of $88.51 and a twelve month high of $168.92. The company has a 50-day simple moving average of $160.20 and a 200 day simple moving average of $142.36.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $326.30 million during the quarter, compared to the consensus estimate of $313.46 million. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 EPS. Sell-side analysts anticipate that PJT Partners Inc. will post 4.2 EPS for the current fiscal year.

Insider Buying and Selling at PJT Partners

In related news, General Counsel David Adam Travin sold 1,541 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $159.18, for a total value of $245,296.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Costos sold 1,500 shares of the business’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 of the company’s stock, 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 a total of 4,766 shares of company stock worth $762,980 over the last three months. Corporate insiders own 11.71% of the company’s stock.

About PJT Partners

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.