PJT Partners Inc. (NYSE:PJT) Receives Average Recommendation of “Hold” from Brokerages

Shares of PJT Partners Inc. (NYSE:PJT) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $173.3333.

Several equities analysts have weighed in on the company. Wall Street Zen cut PJT Partners from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of PJT Partners in a research report on Thursday, January 22nd. Zacks Research lowered shares of PJT Partners from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Keefe, Bruyette & Woods upped their price target on shares of PJT Partners from $166.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group upgraded shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 price objective for the company in a research report on Wednesday, April 1st.

Insider Activity

In other PJT Partners news, CFO Helen T. Meates sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $153.19, for a total transaction of $1,225,520.00. Following the sale, the chief financial officer directly owned 58,466 shares of the company’s stock, valued at $8,956,406.54. The trade was a 12.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel David Adam Travin sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $152.43, for a total value of $457,290.00. Following the sale, the general counsel owned 2,052 shares in the company, valued at approximately $312,786.36. This trade represents a 59.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 10.98% of the company’s stock.

Institutional Trading of PJT Partners

Several hedge funds and other institutional investors have recently bought and sold shares of PJT. Wasatch Advisors LP bought a new position in shares of PJT Partners during the third quarter valued at approximately $68,604,000. Azora Capital LP bought a new stake in shares of PJT Partners during the 3rd quarter worth approximately $40,061,000. Bessemer Group Inc. boosted its holdings in PJT Partners by 1,446.5% during the 4th quarter. Bessemer Group Inc. now owns 115,000 shares of the financial services provider’s stock valued at $19,229,000 after acquiring an additional 107,564 shares during the period. Two Sigma Investments LP grew its position in PJT Partners by 390.1% in the 3rd quarter. Two Sigma Investments LP now owns 84,936 shares of the financial services provider’s stock valued at $15,096,000 after acquiring an additional 67,606 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in PJT Partners by 108.7% in the 4th quarter. Janus Henderson Group PLC now owns 121,918 shares of the financial services provider’s stock valued at $20,376,000 after acquiring an additional 63,504 shares during the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Up 0.8%

Shares of PJT stock opened at $155.09 on Friday. The company’s fifty day simple moving average is $146.98 and its two-hundred day simple moving average is $160.06. PJT Partners has a 52 week low of $127.73 and a 52 week high of $195.62. The stock has a market cap of $4.01 billion, a P/E ratio of 22.61 and a beta of 0.86.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.03. PJT Partners had a return on equity of 32.00% and a net margin of 10.32%.The firm had revenue of $418.20 million during the quarter, compared to analyst estimates of $409.38 million. During the same quarter last year, the business posted $1.05 earnings per share. The business’s quarterly revenue was up 28.9% compared to the same quarter last year. On average, analysts anticipate that PJT Partners will post 7.5 EPS for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. PJT Partners’s dividend payout ratio (DPR) is presently 14.58%.

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.