Goldman Sachs Group initiated coverage on shares of PJT Partners (NYSE:PJT) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $60.00 price target on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Sandler O’Neill set a $58.00 price objective on shares of PJT Partners and gave the company a hold rating in a research report on Friday, July 13th. Zacks Investment Research raised shares of PJT Partners from a sell rating to a buy rating and set a $61.00 price objective on the stock in a research report on Tuesday, September 18th. TheStreet raised shares of PJT Partners from a d rating to a c rating in a research report on Monday, September 17th. Finally, Bank of America cut shares of PJT Partners from a buy rating to a neutral rating and set a $60.00 price objective on the stock. in a research report on Monday, July 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. PJT Partners presently has a consensus rating of Hold and an average price target of $58.80.

Shares of PJT stock traded down $1.85 on Tuesday, hitting $46.94. The stock had a trading volume of 98,770 shares, compared to its average volume of 148,563. PJT Partners has a twelve month low of $37.51 and a twelve month high of $61.18. The firm has a market capitalization of $987.16 million, a price-to-earnings ratio of 23.00 and a beta of 0.79.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.07. PJT Partners had a negative net margin of 2.98% and a positive return on equity of 19.78%. The company had revenue of $140.14 million during the quarter. Sell-side analysts predict that PJT Partners will post 2.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, December 5th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.20 annualized dividend and a yield of 0.43%. PJT Partners’s dividend payout ratio is currently 12.99%.

A number of institutional investors and hedge funds have recently bought and sold shares of PJT. SG Americas Securities LLC bought a new stake in PJT Partners during the 2nd quarter worth about $110,000. Empirical Finance LLC acquired a new position in shares of PJT Partners during the 2nd quarter worth approximately $210,000. LPL Financial LLC acquired a new position in shares of PJT Partners during the 1st quarter worth approximately $204,000. Jane Street Group LLC bought a new stake in shares of PJT Partners during the 1st quarter worth approximately $330,000. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of PJT Partners by 65.8% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 7,333 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 2,910 shares during the period. 62.14% of the stock is currently owned by institutional investors and hedge funds.

About PJT Partners

PJT Partners Inc provides various strategic advisory, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.

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