PJT Partners (NYSE:PJT) Price Target Raised to $188.00

PJT Partners (NYSE:PJT) had its target price raised by Keefe, Bruyette & Woods from $186.00 to $188.00 in a report published on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

PJT has been the topic of a number of other research reports. 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 objective on the stock. Evercore ISI set a $180.00 price target on shares of PJT Partners in a report on Monday, October 13th. Zacks Research lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. UBS Group began coverage on PJT Partners in a research report on Thursday, December 11th. They set a “neutral” rating and a $180.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of PJT Partners in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $180.60.

PJT Partners Price Performance

Shares of PJT stock opened at $179.67 on Thursday. The company has a market cap of $4.37 billion, a PE ratio of 27.64 and a beta of 0.84. PJT Partners has a 1 year low of $119.76 and a 1 year high of $190.27. The stock’s 50 day simple moving average is $169.73 and its two-hundred day simple moving average is $175.15.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, November 4th. The financial services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.61. PJT Partners had a return on equity of 29.66% and a net margin of 10.75%.The firm had revenue of $447.09 million during the quarter, compared to analysts’ expectations of $386.76 million. Equities research analysts expect that PJT Partners will post 6.2 EPS for the current 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 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 of this dividend was Wednesday, December 3rd. PJT Partners’s payout ratio is currently 15.38%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. CWM LLC raised its position in PJT Partners by 50.8% during the 3rd quarter. CWM LLC now owns 181 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 61 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of PJT Partners during the third quarter valued at $33,000. Salomon & Ludwin LLC bought a new stake in shares of PJT Partners in the third quarter valued at about $41,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in PJT Partners by 75.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 285 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 123 shares during the period. Finally, State of Wyoming bought a new position in PJT Partners during the 2nd quarter worth about $63,000. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

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.