PJT Partners Inc. (PJT) To Go Ex-Dividend on September 2nd

PJT Partners Inc. (NYSE:PJT) declared a quarterly dividend on Monday, July 27th. Investors of record on Wednesday, September 2nd will be paid a dividend of 0.25 per share by the financial services provider on Wednesday, September 16th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, September 2nd.

PJT Partners has increased its dividend payment by an average of 0.4%annually over the last three years. PJT Partners has a dividend payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Analysts expect PJT Partners to earn $8.80 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 11.4%.

PJT Partners Stock Performance

Shares of NYSE PJT opened at $173.91 on Wednesday. PJT Partners has a fifty-two week low of $127.73 and a fifty-two week high of $195.62. The company has a market cap of $4.49 billion, a PE ratio of 25.35 and a beta of 0.85. The business has a 50-day simple moving average of $158.88 and a two-hundred day simple moving average of $156.55.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $1.97 EPS for the quarter, beating the consensus estimate of $1.57 by $0.40. The firm had revenue of $486.29 million during the quarter, compared to analyst estimates of $425.28 million. PJT Partners had a net margin of 10.32% and a return on equity of 32.00%. PJT Partners’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm posted $1.54 EPS. On average, sell-side analysts predict that PJT Partners will post 7.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group upgraded PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 target price for the company in a research note on Wednesday, April 1st. Weiss Ratings restated a “hold (c)” rating on shares of PJT Partners in a research note on Friday, May 29th. Keefe, Bruyette & Woods upped their target price on PJT Partners from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. UBS Group raised their price target on shares of PJT Partners from $160.00 to $162.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, Zacks Research raised shares of PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, PJT Partners currently has an average rating of “Hold” and a consensus target price of $175.33.

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.