PJT Partners Inc. (PJT) – What Are Investment Firms Thinking About This Stock?

Shares of PJT Partners Inc. (NYSE:PJT) have been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $167.67.

Several equities research analysts recently commented on the stock. Capital One Financial set a $160.00 price target on shares of PJT Partners in a report on Tuesday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of PJT Partners in a research report on Wednesday, August 26th. The Goldman Sachs Group cut their price objective on shares of PJT Partners from $203.00 to $182.00 and set a “buy” rating on the stock in a report on Thursday, October 1st. UBS Group cut their price objective on shares of PJT Partners from $176.00 to $165.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of PJT Partners in a research report on Tuesday, October 6th.

PJT Partners Price Performance

PJT Partners stock opened at $148.52 on Friday. PJT Partners has a one year low of $127.73 and a one year high of $195.62. The firm has a market capitalization of $3.80 billion, a P/E ratio of 21.25 and a beta of 0.88. The business has a fifty day moving average price of $151.69 and a 200-day moving average price of $155.93.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.02. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%. The company had revenue of $385.12 million for the quarter, compared to the consensus estimate of $409.74 million. During the same quarter in the prior year, the business posted $1.85 EPS. The firm’s quarterly revenue was down 13.8% compared to the same quarter last year. Sell-side analysts expect that PJT Partners will post 7.60 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Wednesday, December 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. PJT Partners’s dividend payout ratio is presently 14.31%.

Insider Activity at PJT Partners

In other PJT Partners news, Director James Costos sold 1,723 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $175.00, for a total value of $301,525.00. Following the completion of the sale, the director owned 11,289 shares of the company’s stock, valued at approximately $1,975,575. This trade represents a 13.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Emily Rafferty sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $167.35, for a total transaction of $184,085.00. Following the completion of the sale, the director directly owned 9,568 shares in the company, valued at approximately $1,601,204.80. This trade represents a 10.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 10,668 shares of company stock worth $1,846,561 over the last three months. Company insiders own 10.98% of the company’s stock.

Institutional Investors Weigh In On PJT Partners

A number of large investors have recently modified their holdings of PJT. Compass Financial Management LLC purchased a new position in shares of PJT Partners during the 2nd quarter worth approximately $32,000. Versant Capital Management Inc grew its position in PJT Partners by 73.3% in the second quarter. Versant Capital Management Inc now owns 234 shares of the financial services provider’s stock worth $35,000 after buying an additional 99 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of PJT Partners in the 1st quarter valued at approximately $50,000. Allworth Financial LP boosted its position in shares of PJT Partners by 80.6% in the third quarter. Allworth Financial LP now owns 540 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 241 shares during the period. Finally, GK Wealth Management LLC bought a new stake in shares of PJT Partners during the third quarter valued at approximately $92,000. 89.23% of the stock is owned by hedge funds and other institutional investors.

About PJT Partners

PJT Partners Inc (NYSE:PJT) is a global, advisory-focused investment banking and financial services firm. The company provides strategic advice to corporations, financial sponsors, institutional investors and other clients on mergers and acquisitions, divestitures, capital raising, liability management and other complex financial matters.

Its businesses also include restructuring and special situations advisory, private capital advisory and placement services, and shareholder engagement and governance advice.