PJT Partners Inc. (NYSE:PJT) Receives $179.33 Consensus Target Price from Analysts

PJT Partners Inc. (NYSE:PJT) has been given an average recommendation of “Hold” by the seven analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $177.50.

PJT has been the subject of a number of analyst reports. BMO Capital Markets boosted their target price on shares of PJT Partners from $183.00 to $194.00 and gave the stock an “outperform” rating in a research note on Monday. Keefe, Bruyette & Woods boosted their price target on shares of PJT Partners from $185.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of PJT Partners in a research note on Friday, May 29th. UBS Group reiterated a “neutral” rating and set a $176.00 price target on shares of PJT Partners in a research note on Wednesday, July 29th. Finally, Wall Street Zen raised PJT Partners from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st.

Insider Buying and Selling at PJT Partners

In other news, Director Grace Reksten Skaugen sold 1,283 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $167.67, for a total value of $215,120.61. Following the completion of the transaction, the director owned 500 shares in the company, valued at $83,835. This trade represents a 71.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.98% of the stock is currently owned by corporate insiders.

Institutional Trading of PJT Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jackson Creek Investment Advisors LLC acquired a new stake in PJT Partners in the 4th quarter worth about $1,373,000. Bessemer Group Inc. boosted its position in shares of PJT Partners by 1,446.5% in the fourth quarter. Bessemer Group Inc. now owns 115,000 shares of the financial services provider’s stock worth $19,229,000 after acquiring an additional 107,564 shares during the last quarter. TimesSquare Capital Management LLC grew its holdings in PJT Partners by 8.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 142,496 shares of the financial services provider’s stock valued at $23,825,000 after purchasing an additional 10,570 shares during the period. Kornitzer Capital Management Inc. KS increased its position in PJT Partners by 28.8% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 35,055 shares of the financial services provider’s stock worth $5,861,000 after purchasing an additional 7,830 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in PJT Partners by 28.5% during the fourth quarter. State of Alaska Department of Revenue now owns 17,010 shares of the financial services provider’s stock worth $2,843,000 after purchasing an additional 3,775 shares during the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Up 1.4%

PJT Partners stock opened at $173.69 on Thursday. The company’s 50 day moving average is $160.57 and its two-hundred day moving average is $156.06. The firm has a market cap of $4.49 billion, a PE ratio of 23.76 and a beta of 0.84. PJT Partners has a 52-week low of $127.73 and a 52-week high of $195.62.

PJT Partners (NYSE:PJT) last released its earnings results on Tuesday, July 28th. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.40. The firm had revenue of $486.29 million during the quarter, compared to analyst estimates of $425.28 million. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%.PJT Partners’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business posted $1.54 earnings per share. On average, equities research analysts anticipate that PJT Partners will post 8 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be given 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, September 2nd. PJT Partners’s payout ratio is presently 13.68%.

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.