PJT Partners Inc. (NYSE:PJT) Given Average Recommendation of “Hold” by Brokerages

Shares of PJT Partners Inc. (NYSE:PJTGet 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

In other news, Director Grace Reksten Skaugen sold 1,283 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $167.67, for a total transaction of $215,120.61. Following the transaction, the director directly owned 500 shares of the company’s stock, valued at approximately $83,835. This trade represents a 71.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kievdi Don Cornwell sold 7,845 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $173.48, for a total value of $1,360,950.60. Following the completion of the sale, the director owned 18,865 shares of the company’s stock, valued at approximately $3,272,700.20. This trade represents a 29.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,951 shares of company stock valued at $2,061,681 in the last three months. 10.98% of the stock is owned by insiders.

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:PJTGet 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

(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.

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Analyst Recommendations for PJT Partners (NYSE:PJT)

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