PJT Partners Inc. (NYSE:PJT) Receives $174.67 Average PT from Analysts

Shares of PJT Partners Inc. (NYSE:PJT) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $174.00.

PJT has been the subject of several research analyst reports. Wolfe Research reiterated an “underperform” rating and issued a $150.00 price objective on shares of PJT Partners in a research note on Wednesday, January 7th. Zacks Research downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of PJT Partners in a report on Thursday, January 22nd. Wall Street Zen cut shares of PJT Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, UBS Group decreased their target price on PJT Partners from $180.00 to $151.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th.

Hedge Funds Weigh In On PJT Partners

Institutional investors have recently modified their holdings of the company. CWM LLC grew its position in PJT Partners by 50.8% in the 3rd quarter. CWM LLC now owns 181 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 61 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of PJT Partners in the third quarter valued at $33,000. Salomon & Ludwin LLC bought a new position in shares of PJT Partners in the third quarter valued at $41,000. Allworth Financial LP grew its holdings in shares of PJT Partners by 85.8% during the fourth quarter. Allworth Financial LP now owns 288 shares of the financial services provider’s stock valued at $48,000 after buying an additional 133 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of PJT Partners during the second quarter worth about $63,000. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Price Performance

Shares of PJT Partners stock opened at $140.39 on Friday. The stock’s 50-day moving average is $149.76 and its 200 day moving average is $165.82. PJT Partners has a one year low of $119.76 and a one year high of $195.62. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 21.14 and a beta of 0.88.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.14. The business 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 31.69% and a net margin of 10.51%.The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.90 earnings per share. On average, sell-side analysts expect that PJT Partners will post 6.2 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. Shareholders of record on Wednesday, March 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, March 4th. PJT Partners’s dividend payout ratio (DPR) is 15.06%.

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.