PJT Partners Inc. (NYSE:PJT) Given Average Rating of “Hold” by Analysts

Shares of PJT Partners Inc. (NYSE:PJT) have been assigned an average recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $180.60.

Several equities research analysts recently weighed in on PJT shares. Wolfe Research restated an “underperform” rating and set a $150.00 price target on shares of PJT Partners in a research report on Wednesday, January 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a research report on Wednesday, October 8th. Wall Street Zen raised shares of PJT Partners from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. BMO Capital Markets began coverage on shares of PJT Partners in a research report on Friday, October 3rd. They set an “outperform” rating and a $205.00 price target for the company. Finally, Zacks Research lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP purchased a new stake in shares of PJT Partners in the third quarter worth $68,604,000. Invesco Ltd. boosted its stake in PJT Partners by 106.7% in the 2nd quarter. Invesco Ltd. now owns 520,056 shares of the financial services provider’s stock worth $85,814,000 after purchasing an additional 268,435 shares in the last quarter. Azora Capital LP purchased a new stake in PJT Partners during the 3rd quarter valued at about $40,061,000. Two Sigma Investments LP increased its stake in PJT Partners by 390.1% during the 3rd quarter. Two Sigma Investments LP now owns 84,936 shares of the financial services provider’s stock valued at $15,096,000 after purchasing an additional 67,606 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in PJT Partners by 45.8% in the second quarter. Schroder Investment Management Group now owns 210,126 shares of the financial services provider’s stock worth $34,673,000 after buying an additional 66,031 shares during the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Trading Up 4.3%

Shares of PJT opened at $186.85 on Friday. PJT Partners has a 1-year low of $119.76 and a 1-year high of $190.27. The firm’s 50-day moving average price is $170.98 and its 200-day moving average price is $175.52. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 28.75 and a beta of 0.84.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.24 by $0.61. PJT Partners had a net margin of 10.75% and a return on equity of 29.66%. The business had revenue of $447.09 million during the quarter, compared to analyst estimates of $386.76 million. On average, research analysts forecast that PJT Partners will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 3rd. PJT Partners’s payout ratio is currently 15.38%.

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.