PJT Partners Inc. (NYSE:PJT) Receives Consensus Rating of “Hold” from Brokerages

PJT Partners Inc. (NYSE:PJT) has earned an average recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $170.50.

Several equities research analysts have recently issued reports on PJT shares. UBS Group raised their target price on PJT Partners from $151.00 to $152.00 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. The Goldman Sachs Group raised PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 target price for the company in a research report on Wednesday, April 1st. Keefe, Bruyette & Woods raised PJT Partners from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $180.00 to $166.00 in a research report on Wednesday, April 8th. Wolfe Research reaffirmed an “underperform” rating and set a $150.00 target price on shares of PJT Partners in a research report on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PJT Partners in a research report on Thursday, January 22nd.

Institutional Investors Weigh In On PJT Partners

Several large investors have recently added to or reduced their stakes in the company. CWM LLC increased its holdings in PJT Partners by 50.8% in the 3rd quarter. CWM LLC now owns 181 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 61 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in PJT Partners by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,563 shares of the financial services provider’s stock worth $930,000 after acquiring an additional 64 shares during the last quarter. Crestwood Advisors Group LLC increased its holdings in PJT Partners by 0.5% in the 4th quarter. Crestwood Advisors Group LLC now owns 14,339 shares of the financial services provider’s stock worth $2,397,000 after acquiring an additional 66 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in PJT Partners by 1.9% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,561 shares of the financial services provider’s stock worth $595,000 after acquiring an additional 67 shares during the last quarter. Finally, New Age Alpha Advisors LLC increased its holdings in PJT Partners by 6.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 1,203 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Price Performance

Shares of PJT Partners stock opened at $152.82 on Tuesday. PJT Partners has a 1 year low of $127.73 and a 1 year high of $195.62. The firm has a market cap of $3.69 billion, a PE ratio of 23.02 and a beta of 0.88. The stock has a fifty day moving average price of $145.33 and a 200-day moving average price of $162.57.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.14. PJT Partners had a return on equity of 31.69% and a net margin of 10.51%.The firm had revenue of $535.16 million during the quarter, compared to analyst estimates of $533.32 million. During the same period last year, the firm posted $1.90 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts anticipate that PJT Partners will post 7.65 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.00 annualized dividend and a yield of 0.7%. PJT Partners’s dividend payout ratio (DPR) is 15.06%.

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.