Public Employees Retirement System of Ohio Has $8.36 Million Stock Holdings in PJT Partners Inc. $PJT

Public Employees Retirement System of Ohio increased its stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,841 shares of the financial services provider's stock after buying an additional 5,973 shares during the period. Public Employees Retirement System of Ohio owned 0.23% of PJT Partners worth $8,361,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in shares of PJT Partners by 45.7% in the first quarter. Royal Bank of Canada now owns 11,471 shares of the financial services provider's stock valued at $1,581,000 after purchasing an additional 3,596 shares in the last quarter. AQR Capital Management LLC raised its position in shares of PJT Partners by 57.7% during the first quarter. AQR Capital Management LLC now owns 7,330 shares of the financial services provider's stock worth $1,011,000 after acquiring an additional 2,681 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of PJT Partners by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,887 shares of the financial services provider's stock valued at $1,915,000 after acquiring an additional 620 shares during the period. Millennium Management LLC boosted its holdings in PJT Partners by 1,394.5% in the first quarter. Millennium Management LLC now owns 52,563 shares of the financial services provider's stock valued at $7,247,000 after acquiring an additional 49,046 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in PJT Partners by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 370,536 shares of the financial services provider's stock worth $51,090,000 after purchasing an additional 19,806 shares during the period. Institutional investors own 89.23% of the company's stock.

Analysts Set New Price Targets

PJT has been the topic of several recent research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of PJT Partners in a research note on Friday, May 29th. UBS Group raised their price objective on shares of PJT Partners from $160.00 to $162.00 and gave the company a "neutral" rating in a research note on Wednesday, July 8th. Zacks Research raised shares of PJT Partners from a "strong sell" rating to a "hold" rating in a report on Monday, June 29th. The Goldman Sachs Group upgraded shares of PJT Partners from a "neutral" rating to a "buy" rating and set a $170.00 target price for the company in a research report on Wednesday, April 1st. Finally, Keefe, Bruyette & Woods increased their price target on PJT Partners from $175.00 to $185.00 and gave the company an "outperform" rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, PJT Partners currently has an average rating of "Hold" and an average target price of $175.33.

PJT Partners Stock Performance

NYSE PJT opened at $168.86 on Tuesday. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 24.61 and a beta of 0.85. PJT Partners Inc. has a 52 week low of $127.73 and a 52 week high of $195.62. The stock's 50 day moving average price is $158.47 and its two-hundred day moving average price is $156.59.

PJT Partners (NYSE:PJT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.03. PJT Partners had a net margin of 10.32% and a return on equity of 32.00%. The company had revenue of $418.20 million for the quarter, compared to the consensus estimate of $409.38 million. During the same period last year, the company earned $1.05 earnings per share. The firm's revenue was up 28.9% compared to the same quarter last year. On average, equities research analysts forecast that PJT Partners Inc. will post 7.5 EPS for the current year.

Insider Transactions at PJT Partners

In other news, General Counsel David Adam Travin sold 3,000 shares of PJT Partners stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $152.43, for a total value of $457,290.00. Following the completion of the sale, the general counsel directly owned 2,052 shares in the company, valued at approximately $312,786.36. The trade was a 59.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Helen T. Meates sold 8,000 shares of the business's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $153.19, for a total value of $1,225,520.00. Following the completion of the sale, the chief financial officer owned 58,466 shares of the company's stock, valued at approximately $8,956,406.54. This trade represents a 12.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 10.98% of the stock is currently owned by company insiders.

PJT Partners Company Profile

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm's dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.

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