PJT Partners Inc. (NYSE:PJT) Receives $173.33 Consensus PT from Analysts

Shares of PJT Partners Inc. (NYSE:PJT) have earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $173.3333.

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods increased their price target on PJT Partners from $166.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Wall Street Zen downgraded PJT Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reissued a “hold (c)” rating on shares of PJT Partners in a research report on Friday, May 29th. The Goldman Sachs Group raised PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Wednesday, April 1st. Finally, UBS Group increased their price target on PJT Partners from $152.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th.

Insiders Place Their Bets

In related news, General Counsel David Adam Travin sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $152.43, for a total transaction of $457,290.00. Following the sale, the general counsel owned 2,052 shares of the company’s stock, valued at $312,786.36. This trade represents a 59.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Helen T. Meates sold 8,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $153.19, for a total value of $1,225,520.00. Following the sale, the chief financial officer directly owned 58,466 shares in the company, valued at approximately $8,956,406.54. The trade was a 12.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 10.98% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PJT Partners

A number of institutional investors have recently added to or reduced their stakes in PJT. Aster Capital Management DIFC Ltd bought a new stake in PJT Partners during the third quarter valued at about $33,000. Allworth Financial LP boosted its position in PJT Partners by 85.8% during the fourth quarter. Allworth Financial LP now owns 288 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 133 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in PJT Partners during the first quarter valued at about $50,000. State of Wyoming bought a new stake in PJT Partners during the second quarter valued at about $63,000. Finally, Kestra Advisory Services LLC bought a new stake in PJT Partners during the fourth quarter valued at about $65,000. Institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Down 1.2%

Shares of PJT Partners stock opened at $152.16 on Wednesday. PJT Partners has a 52 week low of $127.73 and a 52 week high of $195.62. The stock’s fifty day moving average is $154.27 and its two-hundred day moving average is $158.99. The company has a market capitalization of $3.93 billion, a PE ratio of 22.18 and a beta of 0.85.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. PJT Partners had a return on equity of 32.00% and a net margin of 10.32%.The business had revenue of $418.20 million for the quarter, compared to the consensus estimate of $409.38 million. During the same quarter in the prior year, the company earned $1.05 EPS. The business’s revenue was up 28.9% compared to the same quarter last year. As a group, research analysts anticipate that PJT Partners will post 7.5 earnings per share for the current year.

PJT Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. PJT Partners’s dividend payout ratio is presently 14.58%.

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.