Shares of PJT Partners Inc (NYSE:PJT) have received a consensus rating of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $49.00.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of PJT Partners from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. JMP Securities assumed coverage on shares of PJT Partners in a research report on Monday, September 18th. They issued an “outperform” rating and a $45.00 target price for the company. Sandler O’Neill reiterated a “buy” rating and issued a $55.00 target price on shares of PJT Partners in a research report on Thursday. Finally, Buckingham Research began coverage on shares of PJT Partners in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $51.00 price target for the company.

PJT Partners (NYSE:PJT) traded down $0.89 during trading on Thursday, hitting $47.96. 181,400 shares of the stock traded hands, compared to its average volume of 186,029. The company has a market capitalization of $1,650.00 and a price-to-earnings ratio of 78.62. PJT Partners has a fifty-two week low of $30.03 and a fifty-two week high of $49.38.

PJT Partners announced that its board has approved a share repurchase plan on Tuesday, October 31st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Tuesday, December 5th. PJT Partners’s payout ratio is 32.79%.

A number of hedge funds have recently bought and sold shares of PJT. Legal & General Group Plc increased its holdings in shares of PJT Partners by 4.0% in the 2nd quarter. Legal & General Group Plc now owns 4,375 shares of the financial services provider’s stock valued at $175,000 after purchasing an additional 169 shares during the period. SG Americas Securities LLC acquired a new position in shares of PJT Partners in the 3rd quarter valued at about $168,000. UBS Asset Management Americas Inc. acquired a new position in shares of PJT Partners in the 2nd quarter valued at about $213,000. Trexquant Investment LP acquired a new position in shares of PJT Partners in the 3rd quarter valued at about $245,000. Finally, Voya Investment Management LLC increased its holdings in shares of PJT Partners by 13.3% in the 2nd quarter. Voya Investment Management LLC now owns 8,731 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 1,026 shares during the period. 58.20% of the stock is owned by institutional investors.

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About PJT Partners

PJT Partners Inc is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.

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