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

PJT Partners Inc. (NYSE:PJT) has received an average recommendation of “Hold” from the seven analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $179.50.

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of PJT Partners from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Wolfe Research restated an “underperform” rating and issued a $150.00 target price on shares of PJT Partners in a research note on Wednesday, January 7th. UBS Group assumed coverage on PJT Partners in a research report on Thursday, December 11th. They set a “neutral” rating and a $180.00 price target for the company. The Goldman Sachs Group cut their price objective on PJT Partners from $197.00 to $174.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of PJT Partners in a research note on Thursday, January 22nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PJT. Geode Capital Management LLC increased its stake in shares of PJT Partners by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 682,886 shares of the financial services provider’s stock worth $114,195,000 after purchasing an additional 16,388 shares during the last quarter. Morgan Stanley grew its holdings in PJT Partners by 7.5% during the fourth quarter. Morgan Stanley now owns 659,729 shares of the financial services provider’s stock valued at $110,307,000 after purchasing an additional 45,758 shares during the period. Wasatch Advisors LP increased its position in PJT Partners by 52.1% in the fourth quarter. Wasatch Advisors LP now owns 587,109 shares of the financial services provider’s stock worth $98,165,000 after buying an additional 201,110 shares during the last quarter. Congress Asset Management Co. raised its stake in shares of PJT Partners by 9.9% in the fourth quarter. Congress Asset Management Co. now owns 583,926 shares of the financial services provider’s stock valued at $97,632,000 after buying an additional 52,548 shares during the period. Finally, Invesco Ltd. raised its stake in shares of PJT Partners by 3.2% in the fourth quarter. Invesco Ltd. now owns 535,857 shares of the financial services provider’s stock valued at $89,595,000 after buying an additional 16,445 shares during the period. 89.23% of the stock is owned by institutional investors.

PJT Partners Trading Down 2.8%

NYSE PJT opened at $147.57 on Monday. The firm has a market capitalization of $3.59 billion, a P/E ratio of 22.22 and a beta of 0.85. The business has a fifty day simple moving average of $169.17 and a 200 day simple moving average of $172.73. PJT Partners has a 12 month low of $119.76 and a 12 month high of $195.62.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.14. The firm had revenue of $535.16 million for the quarter, compared to the consensus estimate of $533.32 million. PJT Partners had a net margin of 10.51% and a return on equity of 31.69%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.90 EPS. As a group, sell-side analysts predict that PJT Partners will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, March 4th. 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.