PJT Partners Inc. $PJT Stock Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of PJT Partners Inc. (NYSE:PJT) by 526.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,400 shares of the financial services provider’s stock after purchasing an additional 7,900 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in PJT Partners were worth $1,341,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Wasatch Advisors LP raised its stake in shares of PJT Partners by 79.3% in the 2nd quarter. Wasatch Advisors LP now owns 1,478,222 shares of the financial services provider’s stock valued at $223,123,000 after acquiring an additional 653,685 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of PJT Partners during the 2nd quarter valued at $28,397,000. Squarepoint Ops LLC lifted its holdings in shares of PJT Partners by 619.0% during the 2nd quarter. Squarepoint Ops LLC now owns 157,151 shares of the financial services provider’s stock valued at $23,720,000 after acquiring an additional 135,294 shares in the last quarter. Janus Henderson Group PLC boosted its position in PJT Partners by 49.3% during the 1st quarter. Janus Henderson Group PLC now owns 181,980 shares of the financial services provider’s stock worth $25,448,000 after purchasing an additional 60,062 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in PJT Partners during the 1st quarter worth $6,665,000. Institutional investors and hedge funds own 89.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen downgraded PJT Partners from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. UBS Group reduced their price objective on PJT Partners from $176.00 to $165.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. Keefe, Bruyette & Woods decreased their target price on PJT Partners from $159.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday. Capital One Financial set a $160.00 target price on PJT Partners in a research note on Tuesday, October 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PJT Partners in a research note on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, PJT Partners currently has an average rating of “Hold” and an average target price of $167.67.

PJT Partners Price Performance

PJT Partners stock opened at $157.68 on Thursday. PJT Partners Inc. has a 12-month low of $127.73 and a 12-month high of $195.62. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 19.62 and a beta of 0.88. The firm’s fifty day moving average price is $152.71 and its 200 day moving average price is $156.30.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, November 3rd. The financial services provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.02. The company had revenue of $385.12 million during the quarter, compared to analysts’ expectations of $409.74 million. PJT Partners had a net margin of 10.50% and a return on equity of 27.57%. The firm’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.85 EPS. Analysts forecast that PJT Partners Inc. will post 7.60 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Wednesday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 2nd. PJT Partners’s payout ratio is presently 13.68%.

PJT Partners News Summary

Here are the key news stories impacting PJT Partners this week:

• Positive Sentiment: PJT reported third-quarter EPS of $1.41, slightly above one analyst consensus of $1.39, and said it achieved record results for the first nine months of 2026. That may have helped support the shares. Why PJT stock is up today PJT third-quarter results
• Neutral Sentiment: The company declared a quarterly dividend of $0.25 per share, equivalent to $1.00 annually and a yield of about 0.7%. The payout offers modest income but is unlikely to be a major share-price catalyst. Dividend details
• Negative Sentiment: Quarterly revenue was $385.1 million, below the $409.7 million estimate cited by MarketBeat and down 13.8% year over year. EPS also declined from $1.85 a year earlier, while deal-completion delays and a cautious M&A environment weighed on results. Estimates varied: Zacks said EPS missed its consensus, while another cited consensus showed a small beat. Q3 results and M&A environment
• Negative Sentiment: Keefe, Bruyette & Woods lowered its price target from $159 to $155 and maintained a “market perform” rating, signaling limited near-term upside in its view. Keefe, Bruyette & Woods ratings

Insider Buying and Selling

In related news, Director James Costos sold 1,723 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $175.00, for a total value of $301,525.00. Following the transaction, the director owned 11,289 shares in the company, valued at approximately $1,975,575. The trade was a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kievdi Cornwell sold 7,845 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $173.48, for a total value of $1,360,950.60. Following the completion of the transaction, the director directly owned 18,865 shares of the company’s stock, valued at $3,272,700.20. This represents a 29.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 10,668 shares of company stock worth $1,846,561. 10.98% of the stock is currently owned by corporate insiders.

PJT Partners Profile

PJT Partners Inc (NYSE:PJT) is a global, advisory-focused investment banking and financial services firm. The company provides strategic advice to corporations, financial sponsors, institutional investors and other clients on mergers and acquisitions, divestitures, capital raising, liability management and other complex financial matters.

Its businesses also include restructuring and special situations advisory, private capital advisory and placement services, and shareholder engagement and governance advice.