PJT Partners Inc. (NYSE:PJT) Given Average Recommendation of “Hold” by Brokerages

PJT Partners Inc. (NYSE:PJT) has been assigned an average rating of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four 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 issued a report on the stock in the last year is $180.60.

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a research report on Wednesday, October 8th. Wolfe Research reiterated an “underperform” rating and issued a $150.00 price target on shares of PJT Partners in a research note on Wednesday, January 7th. UBS Group initiated coverage on PJT Partners in a research note on Thursday, December 11th. They set a “neutral” rating and a $180.00 price objective on the stock. Zacks Research downgraded PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Evercore ISI set a $180.00 price target on PJT Partners in a report on Monday, October 13th.

Hedge Funds Weigh In On PJT Partners

Large investors have recently bought and sold shares of the business. Wasatch Advisors LP bought a new position in shares of PJT Partners during the third quarter valued at approximately $68,604,000. Invesco Ltd. boosted its position in PJT Partners by 106.7% during the 2nd quarter. Invesco Ltd. now owns 520,056 shares of the financial services provider’s stock valued at $85,814,000 after purchasing an additional 268,435 shares during the period. Azora Capital LP bought a new position in PJT Partners during the 3rd quarter worth $40,061,000. Two Sigma Investments LP increased its position in PJT Partners by 390.1% in the third quarter. Two Sigma Investments LP now owns 84,936 shares of the financial services provider’s stock worth $15,096,000 after buying an additional 67,606 shares during the period. Finally, Schroder Investment Management Group lifted its stake in PJT Partners by 45.8% in the second quarter. Schroder Investment Management Group now owns 210,126 shares of the financial services provider’s stock valued at $34,673,000 after buying an additional 66,031 shares during the last quarter. Institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Performance

Shares of PJT opened at $188.44 on Friday. PJT Partners has a one year low of $119.76 and a one year high of $190.27. The stock has a 50-day moving average price of $171.41 and a 200 day moving average price of $175.76. The company has a market capitalization of $4.58 billion, a P/E ratio of 28.99 and a beta of 0.84.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.61. The company had revenue of $447.09 million for the quarter, compared to the consensus estimate of $386.76 million. PJT Partners had a return on equity of 29.66% and a net margin of 10.75%. As a group, equities research analysts forecast that PJT Partners will post 6.2 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. PJT Partners’s payout ratio is 15.38%.

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.