PJT Partners Inc. (NYSE:PJT) Given Consensus Rating of “Hold” by Analysts

Shares of PJT Partners Inc. (NYSE:PJT) have earned an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $177.50.

PJT has been the topic of several analyst reports. Wall Street Zen lowered shares of PJT Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of PJT Partners in a report on Wednesday, August 26th. Keefe, Bruyette & Woods increased their target price on shares of PJT Partners from $185.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Zacks Research raised shares of PJT Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, BMO Capital Markets raised their target price on PJT Partners from $183.00 to $194.00 and gave the company an “outperform” rating in a report on Monday, August 3rd.

Insider Activity

In other news, Director Emily Rafferty sold 1,100 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $167.35, for a total value of $184,085.00. Following the completion of the sale, the director directly owned 9,568 shares in the company, valued at approximately $1,601,204.80. The trade was a 10.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kievdi Cornwell sold 7,845 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $173.48, for a total transaction of $1,360,950.60. Following the sale, the director directly owned 18,865 shares of the company’s stock, valued at approximately $3,272,700.20. This represents a 29.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,951 shares of company stock valued at $2,061,681 over the last three months. Corporate insiders own 10.98% of the company’s stock.

Hedge Funds Weigh In On PJT Partners

A number of institutional investors have recently made changes to their positions in PJT. Compass Financial Management LLC bought a new position in PJT Partners during the second quarter worth $32,000. Versant Capital Management Inc boosted its holdings in PJT Partners by 73.3% in the 2nd quarter. Versant Capital Management Inc now owns 234 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 99 shares during the period. Allworth Financial LP boosted its holdings in PJT Partners by 85.8% in the 4th 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 during the period. Cassaday & Co Wealth Management LLC acquired a new stake in PJT Partners in the 1st quarter worth $50,000. Finally, Caitong International Asset Management Co. Ltd grew its position in PJT Partners by 2,338.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 512 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 491 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors.

PJT Partners Stock Down 0.7%

PJT opened at $151.54 on Friday. The firm has a market capitalization of $3.87 billion, a P/E ratio of 20.73 and a beta of 0.84. The stock has a fifty day moving average of $170.68 and a 200-day moving average of $157.71. PJT Partners has a 12-month low of $127.73 and a 12-month high of $195.62.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.57 by $0.40. The business had revenue of $486.29 million during the quarter, compared to analysts’ expectations of $425.28 million. PJT Partners had a net margin of 10.57% and a return on equity of 32.66%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company posted $1.54 earnings per share. On average, analysts expect that PJT Partners will post 8 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. PJT Partners’s dividend payout ratio is presently 13.68%.

About PJT Partners

PJT Partners, Inc is a global advisory-focused investment banking firm that provides strategic and financial advice to corporations, institutions, financial sponsors and governments. Its services include mergers and acquisitions, strategic planning, capital structure advice, capital raising, shareholder engagement and other complex financial matters.

The company operates through several specialized businesses, including strategic advisory, restructuring and special situations, private capital advisory, and shareholder advisory.