PJT Partners Inc. (PJT) – What Are Analysts Saying About This Stock?

PJT Partners Inc. (NYSE:PJT) has received an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $168.33.

Several brokerages recently weighed in on PJT. Zacks Research upgraded shares of PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. UBS Group reduced their price target on shares of PJT Partners from $176.00 to $165.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Wall Street Zen cut shares of PJT Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. The Goldman Sachs Group decreased their price objective on shares of PJT Partners from $203.00 to $182.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $159.00 price objective (down from $195.00) on shares of PJT Partners in a report on Wednesday, October 7th.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, Director Grace Skaugen sold 1,283 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $167.67, for a total value of $215,120.61. Following the sale, the director directly owned 500 shares of the company’s stock, valued at approximately $83,835. This represents a 71.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Emily K. Rafferty sold 1,100 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $167.35, for a total value of $184,085.00. Following the sale, the director directly owned 9,568 shares in the company, valued at $1,601,204.80. This represents a 10.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 11,951 shares of company stock valued at $2,061,681. Company insiders own 10.98% of the company’s stock.

Hedge Funds Weigh In On PJT Partners

Several institutional investors and hedge funds have recently modified their holdings of the stock. GK Wealth Management LLC purchased a new stake in shares of PJT Partners in the third quarter worth about $92,000. Congress Asset Management Co. grew its holdings in PJT Partners by 0.7% during the third quarter. Congress Asset Management Co. now owns 728,580 shares of the financial services provider’s stock worth $103,976,000 after acquiring an additional 5,106 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in PJT Partners during the second quarter worth about $412,000. Tidal Investments LLC grew its holdings in PJT Partners by 3.6% during the second quarter. Tidal Investments LLC now owns 119,193 shares of the financial services provider’s stock worth $17,991,000 after acquiring an additional 4,147 shares during the period. Finally, WINTON GROUP Ltd purchased a new position in PJT Partners during the second quarter valued at approximately $4,604,000. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Stock Performance

Shares of PJT stock opened at $137.11 on Tuesday. The stock’s 50-day simple moving average is $160.19 and its 200-day simple moving average is $158.31. The firm has a market capitalization of $3.51 billion, a PE ratio of 18.76 and a beta of 0.89. PJT Partners has a fifty-two week low of $127.73 and a fifty-two week high of $195.62.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.40. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%. The firm had revenue of $486.29 million during the quarter, compared to analysts’ expectations of $425.28 million. During the same period last year, the business posted $1.54 earnings per share. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. Sell-side analysts forecast that PJT Partners will post 7.65 earnings per share for the current year.

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 2nd. PJT Partners’s dividend payout ratio (DPR) is 13.68%.

About PJT Partners

PJT Partners Inc (NYSE:PJT) is a global, independent investment banking and advisory firm that provides strategic, restructuring and private capital advisory services to corporations, financial sponsors, institutional investors and other organizations.

The company advises clients on mergers and acquisitions, divestitures, strategic transactions, shareholder activism and other corporate matters. Its restructuring and capital solutions business provides advice on financial restructuring, liability management, distressed situations and related capital structure issues.