PJT Partners (NYSE:PJT) Hits New 1-Year High – Time to Buy?

PJT Partners Inc. (NYSE:PJT)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $192.09 and last traded at $190.54, with a volume of 101868 shares changing hands. The stock had previously closed at $188.10.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. UBS Group started coverage on PJT Partners in a report on Thursday, December 11th. They issued a “neutral” rating and a $180.00 price objective for the company. Wolfe Research reiterated an “underperform” rating and issued a $150.00 target price on shares of PJT Partners in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods boosted their price target on PJT Partners from $186.00 to $188.00 and gave the company a “market perform” rating in a report on Thursday, January 8th. Evercore ISI set a $180.00 price objective on PJT Partners in a research note on Monday, October 13th. Finally, Wall Street Zen raised shares of PJT Partners from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PJT Partners has an average rating of “Hold” and a consensus target price of $180.60.

PJT Partners Trading Down 0.4%

The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 28.81 and a beta of 0.84. The business has a 50-day moving average price of $171.84 and a two-hundred day moving average price of $175.96.

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

PJT Partners Announces Dividend

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

Institutional Inflows and Outflows

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

PJT Partners Company Profile

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.