Thrivent Financial for Lutherans Purchases 367 Shares of PJT Partners Inc. (NYSE:PJT)

Thrivent Financial for Lutherans increased its position in PJT Partners Inc. (NYSE:PJT) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,685 shares of the financial services provider’s stock after buying an additional 367 shares during the period. Thrivent Financial for Lutherans owned 0.08% of PJT Partners worth $2,491,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its holdings in shares of PJT Partners by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the financial services provider’s stock worth $1,198,000 after acquiring an additional 100 shares in the last quarter. New York State Teachers Retirement System increased its position in PJT Partners by 0.9% in the third quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider’s stock worth $1,425,000 after purchasing an additional 100 shares during the last quarter. American Century Companies Inc. raised its stake in PJT Partners by 0.8% during the second quarter. American Century Companies Inc. now owns 14,837 shares of the financial services provider’s stock valued at $1,601,000 after purchasing an additional 120 shares in the last quarter. AQR Capital Management LLC lifted its position in PJT Partners by 3.3% during the second quarter. AQR Capital Management LLC now owns 4,207 shares of the financial services provider’s stock valued at $454,000 after purchasing an additional 136 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of PJT Partners by 1.4% in the 2nd quarter. Sei Investments Co. now owns 10,458 shares of the financial services provider’s stock worth $1,129,000 after buying an additional 141 shares in the last quarter. 89.23% of the stock is owned by institutional investors.

PJT Partners Price Performance

Shares of NYSE:PJT opened at $165.74 on Wednesday. The firm has a market capitalization of $3.93 billion, a PE ratio of 42.39 and a beta of 0.61. The business has a 50 day simple moving average of $144.83 and a two-hundred day simple moving average of $124.83. PJT Partners Inc. has a 1 year low of $85.87 and a 1 year high of $168.92.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $326.30 million during the quarter, compared to analysts’ expectations of $313.46 million. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. PJT Partners’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 EPS. Equities research analysts expect that PJT Partners Inc. will post 4.4 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Wednesday, December 4th. PJT Partners’s payout ratio is presently 25.38%.

Insider Buying and Selling

In other PJT Partners news, Director Kenneth C. Whitney sold 1,725 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $159.75, for a total transaction of $275,568.75. Following the transaction, the director now directly owns 9,100 shares in the company, valued at $1,453,725. This trade represents a 15.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ji-Yeun Lee sold 10,000 shares of the company’s stock in a transaction 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 sale, the insider now owns 61,433 shares of the company’s stock, valued at $7,301,312.05. This represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,352 shares of company stock valued at $3,382,235 in the last 90 days. Company insiders own 11.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $128.00 target price (up from $108.00) on shares of PJT Partners in a research report on Wednesday, July 31st. UBS Group raised their price objective on PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group boosted their target price on PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, JMP Securities increased their price target on PJT Partners from $142.00 to $150.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $123.80.

PJT Partners 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.