Brokerages Set PJT Partners Inc. (NYSE:PJT) Target Price at $173.33

PJT Partners Inc. (NYSE:PJTGet Free Report) has earned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $173.3333.

A number of equities analysts have issued reports on the stock. UBS Group raised their price objective on shares of PJT Partners from $152.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Wall Street Zen cut shares of PJT Partners from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. The Goldman Sachs Group raised shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Wednesday, April 1st. Keefe, Bruyette & Woods raised their price objective on shares of PJT Partners from $166.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Zacks Research cut shares of PJT Partners from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st.

Check Out Our Latest Research Report on PJT

Insiders Place Their Bets

In other news, General Counsel David Adam Travin sold 3,000 shares of PJT Partners stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $152.43, for a total transaction of $457,290.00. Following the transaction, the general counsel directly owned 2,052 shares of the company’s stock, valued at $312,786.36. This trade represents a 59.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Helen T. Meates sold 8,000 shares of PJT Partners stock in a transaction on Friday, May 1st. The stock was sold at an average price of $153.19, for a total transaction of $1,225,520.00. Following the transaction, the chief financial officer directly owned 58,466 shares in the company, valued at approximately $8,956,406.54. This represents a 12.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 10.98% of the company’s stock.

Institutional Investors Weigh In On PJT Partners

Several institutional investors have recently added to or reduced their stakes in the stock. CWM LLC increased its stake in PJT Partners by 50.8% in the 3rd quarter. CWM LLC now owns 181 shares of the financial services provider’s stock valued at $32,000 after buying an additional 61 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in PJT Partners by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,563 shares of the financial services provider’s stock valued at $930,000 after buying an additional 64 shares during the last quarter. Crestwood Advisors Group LLC increased its stake in PJT Partners by 0.5% in the 4th quarter. Crestwood Advisors Group LLC now owns 14,339 shares of the financial services provider’s stock valued at $2,397,000 after buying an additional 66 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in PJT Partners by 1.9% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,561 shares of the financial services provider’s stock valued at $595,000 after buying an additional 67 shares during the last quarter. Finally, New Age Alpha Advisors LLC increased its stake in PJT Partners by 6.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 1,203 shares of the financial services provider’s stock valued at $201,000 after buying an additional 78 shares during the last quarter. 89.23% of the stock is owned by institutional investors.

PJT Partners Stock Performance

Shares of PJT stock opened at $156.66 on Friday. PJT Partners has a 52-week low of $127.73 and a 52-week high of $195.62. The stock has a market cap of $4.05 billion, a PE ratio of 22.84 and a beta of 0.86. The firm’s 50 day moving average price is $147.69 and its two-hundred day moving average price is $160.00.

PJT Partners (NYSE:PJTGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.03. PJT Partners had a net margin of 10.32% and a return on equity of 32.00%. The firm had revenue of $418.20 million for the quarter, compared to analysts’ expectations of $409.38 million. During the same period last year, the firm earned $1.05 earnings per share. The business’s revenue for the quarter was up 28.9% on a year-over-year basis. As a group, sell-side analysts predict that PJT Partners will post 7.5 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, June 3rd. PJT Partners’s dividend payout ratio (DPR) is currently 14.58%.

PJT Partners Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for PJT Partners (NYSE:PJT)

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