PJT Partners Inc. (NYSE:PJT) – Equities research analysts at Seaport Res Ptn cut their Q4 2022 earnings per share (EPS) estimates for PJT Partners in a research report issued to clients and investors on Wednesday, January 12th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will earn $1.91 per share for the quarter, down from their prior estimate of $1.92.
Other analysts also recently issued reports about the company. Zacks Investment Research upgraded PJT Partners from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Thursday. Keefe, Bruyette & Woods downgraded PJT Partners from an “outperform” rating to a “market perform” rating and set a $92.00 price target for the company. in a report on Tuesday, November 16th. Finally, JMP Securities restated a “buy” rating and set a $98.00 target price on shares of PJT Partners in a research note on Monday, September 20th.
PJT Partners (NYSE:PJT) last released its quarterly earnings data on Tuesday, October 26th. The financial services provider reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.24). The firm had revenue of $231.30 million for the quarter, compared to analyst estimates of $263.82 million. PJT Partners had a return on equity of 28.61% and a net margin of 11.73%. During the same quarter in the previous year, the company earned $1.36 earnings per share.
A number of large investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC grew its stake in PJT Partners by 22.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 7,972 shares of the financial services provider’s stock worth $591,000 after purchasing an additional 1,472 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in PJT Partners by 22.3% in the third quarter. UBS Asset Management Americas Inc. now owns 20,492 shares of the financial services provider’s stock worth $1,621,000 after purchasing an additional 3,736 shares in the last quarter. Balyasny Asset Management LLC grew its stake in PJT Partners by 339.4% in the third quarter. Balyasny Asset Management LLC now owns 48,744 shares of the financial services provider’s stock worth $3,856,000 after purchasing an additional 37,651 shares in the last quarter. Bank of New York Mellon Corp grew its stake in PJT Partners by 3.4% in the third quarter. Bank of New York Mellon Corp now owns 527,224 shares of the financial services provider’s stock worth $41,708,000 after purchasing an additional 17,276 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in PJT Partners in the third quarter valued at approximately $3,883,000. Institutional investors and hedge funds own 68.98% of the company’s stock.
In related news, Director Grace Reksten Skaugen purchased 500 shares of PJT Partners stock in a transaction dated Thursday, November 4th. The shares were acquired at an average price of $84.30 per share, with a total value of $42,150.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.20% of the stock is owned by company insiders.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 22nd. Stockholders of record on Wednesday, December 8th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, December 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.27%. PJT Partners’s dividend payout ratio is presently 4.54%.
PJT Partners Company Profile
PJT Partners, Inc is a holding company, which engages in the provision of advisory-investment solutions. It specializes in strategic advisory, shareholder engagement, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments.
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