Shares of PJT Partners Inc. (NYSE:PJT – Get Free Report) have earned a consensus rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $177.50.
A number of equities research analysts have recently issued reports on PJT shares. BMO Capital Markets boosted their price objective on PJT Partners from $183.00 to $194.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. UBS Group reissued a “neutral” rating and set a $176.00 price target on shares of PJT Partners in a report on Wednesday, July 29th. Wall Street Zen downgraded PJT Partners from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research raised PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PJT Partners in a report on Wednesday.
View Our Latest Research Report on PJT
Insider Buying and Selling at PJT Partners
Institutional Trading of PJT Partners
A number of institutional investors have recently modified their holdings of the stock. Compass Financial Management LLC bought a new position in shares of PJT Partners in the second quarter worth $36,000. Versant Capital Management Inc increased its holdings in PJT Partners by 73.3% in the 2nd quarter. Versant Capital Management Inc now owns 234 shares of the financial services provider’s stock valued at $35,000 after buying an additional 99 shares during the period. Allworth Financial LP raised its position in shares of PJT Partners by 85.8% in the 4th 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 in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of PJT Partners during the 1st quarter worth approximately $50,000. Finally, State of Wyoming bought a new position in PJT Partners in the second quarter valued at approximately $63,000. 89.23% of the stock is currently owned by institutional investors.
PJT Partners Price Performance
Shares of PJT opened at $183.02 on Monday. The firm has a market capitalization of $4.68 billion, a PE ratio of 25.04 and a beta of 0.84. The company’s 50-day moving average is $166.55 and its 200-day moving average is $155.87. PJT Partners has a fifty-two week low of $127.73 and a fifty-two week high of $195.62.
PJT Partners (NYSE:PJT – Get Free Report) last posted its earnings results on Tuesday, July 28th. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.40. PJT Partners had a net margin of 10.57% and a return on equity of 32.66%. The company had revenue of $486.29 million during the quarter, compared to analysts’ expectations of $425.28 million. During the same quarter last year, the company posted $1.54 EPS. PJT Partners’s quarterly revenue was up 19.5% compared to the same quarter last year. Analysts predict that PJT Partners will post 8 earnings per share for the current fiscal year.
PJT Partners Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be paid a $0.25 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. PJT Partners’s dividend payout ratio is 13.68%.
About PJT Partners
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.
Featured Stories
- Five stocks we like better than PJT Partners
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for PJT Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PJT Partners and related companies with MarketBeat.com's FREE daily email newsletter.
