PJT Partners Inc. (NYSE:PJT) Given Consensus Rating of “Reduce” by Brokerages

Shares of PJT Partners Inc. (NYSE:PJT) have been assigned a consensus recommendation of “Reduce” from the five analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $93.25.

A number of brokerages recently commented on PJT. UBS Group reiterated a “sell” rating and set a $75.00 price objective (down previously from $100.00) on shares of PJT Partners in a research report on Tuesday, March 26th. JMP Securities reiterated a “market outperform” rating and set a $110.00 price target on shares of PJT Partners in a report on Tuesday, April 9th.

PJT Partners Stock Up 0.9 %

Shares of NYSE PJT opened at $100.27 on Friday. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 27.62 and a beta of 0.67. PJT Partners has a 52 week low of $61.03 and a 52 week high of $107.35. The firm has a 50-day simple moving average of $96.17 and a 200-day simple moving average of $94.44.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.53. The company had revenue of $329.39 million during the quarter, compared to the consensus estimate of $229.32 million. PJT Partners had a net margin of 7.57% and a return on equity of 17.44%. PJT Partners’s quarterly revenue was up 64.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. As a group, equities research analysts expect that PJT Partners will post 4 EPS for the current year.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $1.00 annualized dividend and a yield of 1.00%. PJT Partners’s dividend payout ratio (DPR) is 27.55%.

Insider Buying and Selling at PJT Partners

In other news, insider Ji-Yeun Lee sold 10,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $104.58, for a total transaction of $1,045,800.00. Following the completion of the transaction, the insider now directly owns 73,421 shares in the company, valued at approximately $7,678,368.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Ji-Yeun Lee sold 10,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $104.58, for a total value of $1,045,800.00. Following the sale, the insider now directly owns 73,421 shares in the company, valued at approximately $7,678,368.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Helen T. Meates sold 12,926 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $105.51, for a total transaction of $1,363,822.26. Following the transaction, the chief financial officer now directly owns 48,821 shares of the company’s stock, valued at approximately $5,151,103.71. The disclosure for this sale can be found here. Company insiders own 10.67% of the company’s stock.

Institutional Trading of PJT Partners

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of PJT Partners during the third quarter worth $516,000. Handelsbanken Fonder AB purchased a new position in PJT Partners during the 3rd quarter valued at about $207,000. Raymond James & Associates grew its position in PJT Partners by 2.7% in the 3rd quarter. Raymond James & Associates now owns 119,487 shares of the financial services provider’s stock valued at $9,492,000 after acquiring an additional 3,101 shares in the last quarter. SkyOak Wealth LLC acquired a new position in PJT Partners in the 3rd quarter valued at about $294,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in PJT Partners by 207.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,489 shares of the financial services provider’s stock worth $913,000 after purchasing an additional 7,749 shares during the period. Institutional investors and hedge funds own 89.23% of the company’s stock.

About PJT Partners

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.