PJT Partners Inc. (NYSE:PJT) Receives Consensus Recommendation of “Hold” from Analysts

PJT Partners Inc. (NYSE:PJT) has been given an average rating of “Hold” by the seven research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $174.6667.

PJT has been the subject of several research reports. Zacks Research downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Keefe, Bruyette & Woods increased their target price on shares of PJT Partners from $186.00 to $188.00 and gave the stock a “market perform” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c+)” rating on shares of PJT Partners in a report on Thursday, January 22nd. Wall Street Zen cut PJT Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, The Goldman Sachs Group decreased their price target on PJT Partners from $197.00 to $174.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th.

PJT Partners Price Performance

NYSE:PJT opened at $139.31 on Friday. The stock has a market cap of $3.37 billion, a PE ratio of 20.98 and a beta of 0.85. PJT Partners has a fifty-two week low of $119.76 and a fifty-two week high of $195.62. The stock’s 50-day moving average is $154.79 and its two-hundred day moving average is $167.31.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.14. PJT Partners had a net margin of 10.51% and a return on equity of 31.69%. The business had revenue of $535.16 million during the quarter, compared to analyst estimates of $533.32 million. During the same period in the prior year, the firm earned $1.90 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts anticipate that PJT Partners will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were paid a $0.25 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. PJT Partners’s dividend payout ratio (DPR) is presently 15.06%.

Hedge Funds Weigh In On PJT Partners

A number of institutional investors and hedge funds have recently bought and sold shares of PJT. Wasatch Advisors LP acquired a new stake in PJT Partners during the third quarter valued at approximately $68,604,000. Invesco Ltd. raised its holdings in shares of 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 buying an additional 268,435 shares in the last quarter. Azora Capital LP bought a new position in shares of PJT Partners during the 3rd quarter worth approximately $40,061,000. Bessemer Group Inc. boosted its stake in PJT Partners by 1,446.5% in the 4th quarter. Bessemer Group Inc. now owns 115,000 shares of the financial services provider’s stock valued at $19,229,000 after buying an additional 107,564 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in PJT Partners by 390.1% in 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 buying an additional 67,606 shares in the last quarter. Institutional investors own 89.23% of the company’s stock.

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.