Shares of PJT Partners Inc. (NYSE:PJT – Get Free Report) have been given a consensus rating of “Hold” by the seven brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $175.3333.
A number of brokerages have recently weighed in on PJT. Zacks Research upgraded PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings reissued a “hold (c)” rating on shares of PJT Partners in a research note on Friday, May 29th. Keefe, Bruyette & Woods lifted their target price on PJT Partners from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday. The Goldman Sachs Group raised PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 target price on the stock in a research note on Wednesday, April 1st. Finally, UBS Group increased their price target on shares of PJT Partners from $160.00 to $162.00 and gave the stock a “neutral” rating in a research report on Wednesday.
Get Our Latest Report on PJT Partners
PJT Partners Stock Performance
PJT Partners (NYSE:PJT – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the company posted $1.05 EPS. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. On average, equities research analysts predict that PJT Partners will post 7.5 EPS for the current fiscal year.
PJT Partners Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, June 3rd. PJT Partners’s dividend payout ratio is currently 14.58%.
Insider Buying and Selling
In other news, CFO Helen T. Meates sold 8,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $153.19, for a total value of $1,225,520.00. Following the transaction, the chief financial officer directly owned 58,466 shares of the company’s stock, valued at approximately $8,956,406.54. This represents a 12.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel David Adam Travin sold 3,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $152.43, for a total value of $457,290.00. Following the sale, the general counsel owned 2,052 shares of the company’s stock, valued at approximately $312,786.36. This represents a 59.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 10.98% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of PJT. Wasatch Advisors LP raised its stake in shares of PJT Partners by 79.3% during the 2nd quarter. Wasatch Advisors LP now owns 1,478,222 shares of the financial services provider’s stock worth $223,123,000 after purchasing an additional 653,685 shares in the last quarter. First Bank & Trust grew its stake in shares of PJT Partners by 6.1% in the 2nd quarter. First Bank & Trust now owns 4,752 shares of the financial services provider’s stock valued at $717,000 after buying an additional 275 shares in the last quarter. Balefire LLC bought a new stake in shares of PJT Partners in the 2nd quarter valued at approximately $220,000. Versant Capital Management Inc increased its holdings 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. Finally, Prospect Capital Advisors LLC increased its holdings in PJT Partners by 2.3% in the first quarter. Prospect Capital Advisors LLC now owns 98,230 shares of the financial services provider’s stock worth $13,725,000 after buying an additional 2,200 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.
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.
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