PJT Partners (NYSE:PJT) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

PJT Partners (NYSE:PJT) issued its quarterly earnings results on Tuesday. The financial services provider reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.14, FiscalAI reports. The firm had revenue of $535.16 million during the quarter, compared to the consensus estimate of $533.32 million. PJT Partners had a return on equity of 29.66% and a net margin of 10.75%.

PJT Partners Stock Up 0.6%

PJT Partners stock opened at $174.02 on Tuesday. The firm has a 50-day moving average price of $174.92 and a two-hundred day moving average price of $176.24. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 26.77 and a beta of 0.82. PJT Partners has a 52-week low of $119.76 and a 52-week high of $195.62.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in PJT Partners by 45.7% in the first quarter. Royal Bank of Canada now owns 11,471 shares of the financial services provider’s stock worth $1,581,000 after purchasing an additional 3,596 shares during the period. AQR Capital Management LLC raised its position in shares of PJT Partners by 57.7% during the 1st quarter. AQR Capital Management LLC now owns 7,330 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 2,681 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of PJT Partners by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,887 shares of the financial services provider’s stock worth $1,915,000 after acquiring an additional 620 shares during the period. Millennium Management LLC boosted its holdings in shares of PJT Partners by 1,394.5% in the first quarter. Millennium Management LLC now owns 52,563 shares of the financial services provider’s stock valued at $7,247,000 after acquiring an additional 49,046 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of PJT Partners by 5.6% during the first quarter. Goldman Sachs Group Inc. now owns 370,536 shares of the financial services provider’s stock valued at $51,090,000 after acquiring an additional 19,806 shares during the period. Institutional investors and hedge funds own 89.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wolfe Research reaffirmed an “underperform” rating and issued a $150.00 price target on shares of PJT Partners in a report on Wednesday, January 7th. Wall Street Zen raised PJT Partners from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Evercore ISI set a $180.00 target price on PJT Partners in a report on Monday, October 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of PJT Partners in a research report on Thursday, January 22nd. Finally, UBS Group initiated coverage on shares of PJT Partners in a report on Thursday, December 11th. They issued a “neutral” rating and a $180.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $180.60.

About PJT Partners

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.