Analysts Set PJT Partners Inc. (NYSE:PJT) Target Price at $179.50

Shares of PJT Partners Inc. (NYSE:PJT) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $179.50.

Several equities research analysts have recently commented on the stock. Wolfe Research restated an “underperform” rating and issued a $150.00 price target on shares of PJT Partners in a report on Wednesday, January 7th. Keefe, Bruyette & Woods lifted their price objective on shares of PJT Partners from $186.00 to $188.00 and gave the company a “market perform” rating in a report on Thursday, January 8th. Wall Street Zen upgraded PJT Partners from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of PJT Partners in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group reduced their price target on PJT Partners from $197.00 to $174.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th.

PJT Partners Stock Down 0.0%

Shares of NYSE:PJT opened at $162.43 on Thursday. The business’s 50 day moving average is $174.26 and its 200 day moving average is $175.43. The stock has a market cap of $3.95 billion, a P/E ratio of 24.46 and a beta of 0.82. PJT Partners has a 52-week low of $119.76 and a 52-week high of $195.62.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.14. The business had revenue of $535.16 million during the quarter, compared to analysts’ expectations of $533.32 million. PJT Partners had a return on equity of 32.98% and a net margin of 10.51%.The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.90 EPS. On average, sell-side analysts anticipate that PJT Partners will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, March 4th. PJT Partners’s payout ratio is 15.06%.

Institutional Trading of PJT Partners

Several hedge funds and other institutional investors have recently made changes to their positions in PJT. Wasatch Advisors LP purchased a new stake in shares of PJT Partners during the third quarter worth about $68,604,000. Invesco Ltd. raised its holdings in shares of PJT Partners by 106.7% in the second quarter. Invesco Ltd. now owns 520,056 shares of the financial services provider’s stock worth $85,814,000 after buying an additional 268,435 shares during the last quarter. Azora Capital LP acquired a new stake in shares of PJT Partners during the third quarter worth $40,061,000. Bessemer Group Inc. grew its holdings in shares of PJT Partners by 1,446.5% during the fourth quarter. Bessemer Group Inc. now owns 115,000 shares of the financial services provider’s stock valued at $19,229,000 after buying an additional 107,564 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of 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 valued at $15,096,000 after buying an additional 67,606 shares during the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

About PJT Partners

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.