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

Shares of PJT Partners Inc. (NYSE:PJT) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $185.00.

Several brokerages recently commented on PJT. BMO Capital Markets began coverage on shares of PJT Partners in a report on Friday, October 3rd. They set an “outperform” rating and a $205.00 price target on the stock. Evercore ISI set a $180.00 price target on shares of PJT Partners in a report on Monday, October 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of PJT Partners in a report on Wednesday, October 8th. Wolfe Research reiterated an “underperform” rating on shares of PJT Partners in a report on Thursday, July 10th. Finally, Keefe, Bruyette & Woods cut their price target on shares of PJT Partners from $196.00 to $180.00 and set a “hold” rating on the stock in a report on Monday, October 13th.

Insider Transactions at PJT Partners

In other PJT Partners news, General Counsel David Adam Travin sold 2,288 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $178.06, for a total value of $407,401.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Grace Reksten Skaugen sold 1,504 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $176.89, for a total transaction of $266,042.56. Following the completion of the transaction, the director owned 500 shares in the company, valued at $88,445. This represents a 75.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.75% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PJT Partners

A number of hedge funds have recently added to or reduced their stakes in PJT. GAMMA Investing LLC grew its stake in PJT Partners by 33.4% in the 1st quarter. GAMMA Investing LLC now owns 595 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 149 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of PJT Partners by 5.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,802 shares of the financial services provider’s stock worth $1,765,000 after purchasing an additional 711 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of PJT Partners by 4.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 13,391 shares of the financial services provider’s stock worth $1,846,000 after purchasing an additional 539 shares during the period. New York State Teachers Retirement System lifted its position in shares of PJT Partners by 11.4% in the 1st quarter. New York State Teachers Retirement System now owns 12,253 shares of the financial services provider’s stock worth $1,689,000 after purchasing an additional 1,254 shares during the period. Finally, First Bank & Trust lifted its position in shares of PJT Partners by 1.6% in the 1st quarter. First Bank & Trust now owns 5,186 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 80 shares during the period. 89.23% of the stock is currently owned by institutional investors.

PJT Partners Trading Down 0.2%

Shares of NYSE:PJT opened at $182.32 on Tuesday. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 31.33 and a beta of 0.76. PJT Partners has a 12 month low of $119.76 and a 12 month high of $190.27. The firm’s 50-day moving average is $179.23 and its 200 day moving average is $165.96.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.36 by $0.18. The company had revenue of $731.09 billion for the quarter, compared to the consensus estimate of $343.11 million. PJT Partners had a net margin of 10.45% and a return on equity of 25.61%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.19 EPS. As a group, equities analysts forecast that PJT Partners will post 6.2 EPS for the current fiscal year.

About PJT Partners

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.