UBS Group Increases PJT Partners (NYSE:PJT) Price Target to $93.00

PJT Partners (NYSE:PJT) had its target price lifted by UBS Group from $85.00 to $93.00 in a report released on Tuesday morning, Benzinga reports. UBS Group currently has a sell rating on the financial services provider’s stock.

Separately, JMP Securities reaffirmed a market outperform rating and issued a $110.00 price target on shares of PJT Partners in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and an average price target of $99.80.

PJT Partners Trading Up 1.5 %

Shares of NYSE PJT opened at $113.16 on Tuesday. PJT Partners has a one year low of $71.47 and a one year high of $114.09. The firm has a market capitalization of $2.71 billion, a PE ratio of 31.17 and a beta of 0.62. The business has a 50-day moving average price of $105.46 and a two-hundred day moving average price of $100.31.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.53. PJT Partners had a return on equity of 17.36% and a net margin of 7.57%. The company had revenue of $329.39 million during the quarter, compared to the consensus estimate of $229.32 million. During the same period last year, the business earned $0.54 EPS. The business’s quarterly revenue was up 64.7% on a year-over-year basis. Research analysts anticipate that PJT Partners will post 4 EPS for the current year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.88%. The ex-dividend date was Wednesday, June 5th. PJT Partners’s dividend payout ratio is 27.55%.

Institutional Trading of PJT Partners

Several institutional investors have recently bought and sold shares of PJT. Opal Wealth Advisors LLC acquired a new stake in PJT Partners in the 2nd quarter valued at $30,000. Fidelis Capital Partners LLC acquired a new position in PJT Partners in the first quarter worth $39,000. EntryPoint Capital LLC boosted its stake in PJT Partners by 27.6% in the first quarter. EntryPoint Capital LLC now owns 1,662 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 359 shares in the last quarter. Shell Asset Management Co. boosted its stake in PJT Partners by 41.0% in the first quarter. Shell Asset Management Co. now owns 2,074 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 603 shares in the last quarter. Finally, OLD National Bancorp IN acquired a new position in PJT Partners in the second quarter worth $204,000. Institutional investors and hedge funds own 89.23% of the company’s stock.

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.