PJT Partners (NYSE:PJT) Price Target Raised to $161.00 at Keefe, Bruyette & Woods

PJT Partners (NYSE:PJT) had its price objective boosted by equities researchers at Keefe, Bruyette & Woods from $152.00 to $161.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 7.60% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. JMP Securities cut shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Citizens Jmp downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, PJT Partners currently has a consensus rating of “Hold” and an average price target of $154.50.

PJT Partners Stock Performance

Shares of NYSE PJT traded up $5.37 during midday trading on Monday, hitting $149.63. The company’s stock had a trading volume of 153,834 shares, compared to its average volume of 243,098. PJT Partners has a 1-year low of $99.42 and a 1-year high of $190.28. The firm’s fifty day moving average price is $137.97 and its 200-day moving average price is $152.45. The firm has a market cap of $3.49 billion, a P/E ratio of 30.47 and a beta of 0.76.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. The company had revenue of $324.50 million during the quarter, compared to the consensus estimate of $361.26 million. PJT Partners had a return on equity of 24.03% and a net margin of 9.00%. PJT Partners’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. As a group, research analysts predict that PJT Partners will post 6.2 earnings per share for the current fiscal year.

Insider Activity at PJT Partners

In other news, General Counsel David Adam Travin sold 5,000 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $141.74, for a total value of $708,700.00. Following the transaction, the general counsel now owns 2,288 shares of the company’s stock, valued at approximately $324,301.12. The trade was a 68.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.71% of the stock is currently owned by insiders.

Institutional Trading of PJT Partners

A number of hedge funds have recently bought and sold shares of PJT. Barclays PLC boosted its position in PJT Partners by 158.6% in the third quarter. Barclays PLC now owns 52,045 shares of the financial services provider’s stock valued at $6,940,000 after buying an additional 31,922 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in PJT Partners by 91.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,270 shares of the financial services provider’s stock valued at $9,636,000 after purchasing an additional 34,514 shares in the last quarter. Ellsworth Advisors LLC grew its holdings in PJT Partners by 3.8% in the 4th quarter. Ellsworth Advisors LLC now owns 5,647 shares of the financial services provider’s stock valued at $891,000 after buying an additional 205 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of PJT Partners by 4.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,080 shares of the financial services provider’s stock valued at $802,000 after acquiring an additional 200 shares during the last quarter. Finally, Seneca House Advisors purchased a new stake in shares of PJT Partners in the 4th quarter valued at approximately $202,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.