Hsbc Holdings PLC Sells 17,476 Shares of PJT Partners Inc. $PJT

Hsbc Holdings PLC cut its position in PJT Partners Inc. (NYSE:PJT) by 54.7% during the 1st quarter, HoldingsChannel reports. The firm owned 14,454 shares of the financial services provider’s stock after selling 17,476 shares during the quarter. Hsbc Holdings PLC’s holdings in PJT Partners were worth $2,033,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wasatch Advisors LP acquired a new position in shares of PJT Partners in the 3rd quarter valued at $68,604,000. Bessemer Group Inc. raised its stake in PJT Partners by 1,446.5% during the 4th quarter. Bessemer Group Inc. now owns 115,000 shares of the financial services provider’s stock worth $19,229,000 after buying an additional 107,564 shares during the period. Two Sigma Investments LP lifted its holdings in PJT Partners by 390.1% during the third quarter. Two Sigma Investments LP now owns 84,936 shares of the financial services provider’s stock worth $15,096,000 after acquiring an additional 67,606 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in PJT Partners by 108.7% during the fourth quarter. Janus Henderson Group PLC now owns 121,918 shares of the financial services provider’s stock worth $20,376,000 after acquiring an additional 63,504 shares in the last quarter. Finally, Tudor Investment Corp ET AL lifted its holdings in PJT Partners by 61.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 149,951 shares of the financial services provider’s stock worth $25,072,000 after acquiring an additional 57,220 shares in the last quarter. 89.23% of the stock is owned by institutional investors.

PJT Partners Trading Down 0.3%

PJT opened at $168.65 on Monday. The stock has a market capitalization of $4.36 billion, a P/E ratio of 24.58 and a beta of 0.85. PJT Partners Inc. has a 12 month low of $127.73 and a 12 month high of $195.62. The firm’s fifty day simple moving average is $158.23 and its 200 day simple moving average is $156.68.

PJT Partners (NYSE:PJT) last released its earnings results on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. PJT Partners had a return on equity of 32.00% and a net margin of 10.32%.The firm had revenue of $418.20 million during the quarter, compared to analysts’ expectations of $409.38 million. During the same quarter in the prior year, the company earned $1.05 EPS. The company’s revenue was up 28.9% on a year-over-year basis. On average, equities research analysts predict that PJT Partners Inc. will post 7.5 EPS for the current fiscal year.

Insider Activity

In related news, CFO Helen T. Meates sold 8,000 shares of PJT Partners stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $153.19, for a total value of $1,225,520.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel David Adam Travin sold 3,000 shares of the business’s 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 owned 2,052 shares in the company, valued at $312,786.36. The trade was a 59.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 10.98% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

PJT Partners 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.