Analysts Set PJT Partners Inc. (NYSE:PJT) PT at $179.33

Shares of PJT Partners Inc. (NYSE:PJT) have earned an average rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $177.50.

Several equities analysts have recently commented on PJT shares. Zacks Research upgraded PJT Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings restated a “hold (c)” rating on shares of PJT Partners in a research note on Friday, May 29th. Keefe, Bruyette & Woods upped their price target on shares of PJT Partners from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. BMO Capital Markets increased their price objective on shares of PJT Partners from $183.00 to $194.00 and gave the company an “outperform” rating in a research note on Monday. Finally, UBS Group reiterated a “neutral” rating and set a $176.00 price objective on shares of PJT Partners in a research note on Wednesday, July 29th.

PJT Partners Stock Performance

NYSE:PJT opened at $170.62 on Thursday. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 23.34 and a beta of 0.83. PJT Partners has a one year low of $127.73 and a one year high of $195.62. The business’s 50-day simple moving average is $159.80 and its 200 day simple moving average is $156.21.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.40. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%.The firm had revenue of $486.29 million during the quarter, compared to analyst estimates of $425.28 million. During the same quarter last year, the firm earned $1.54 EPS. PJT Partners’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities research analysts predict that PJT Partners will post 8 EPS for the current year.

PJT Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, September 2nd. PJT Partners’s dividend payout ratio is 13.68%.

Insider Activity

In related news, Director Grace Reksten Skaugen sold 1,283 shares of PJT Partners stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $167.67, for a total value of $215,120.61. Following the completion of the transaction, the director directly owned 500 shares in the company, valued at approximately $83,835. This trade represents a 71.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel David Adam Travin sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $152.43, for a total value of $457,290.00. Following the completion of the sale, the general counsel directly 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. The SEC filing for this sale provides additional information. Company insiders own 10.98% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP increased its holdings in shares of PJT Partners by 79.3% in the 2nd quarter. Wasatch Advisors LP now owns 1,478,222 shares of the financial services provider’s stock valued at $223,123,000 after acquiring an additional 653,685 shares during the last quarter. First Bank & Trust lifted its stake in PJT Partners by 6.1% during the second quarter. First Bank & Trust now owns 4,752 shares of the financial services provider’s stock worth $717,000 after purchasing an additional 275 shares during the last quarter. Balefire LLC acquired a new position in PJT Partners in the second quarter worth $220,000. Versant Capital Management Inc increased its stake in PJT Partners by 73.3% during the second quarter. Versant Capital Management Inc now owns 234 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 99 shares during the last quarter. Finally, Prospect Capital Advisors LLC increased its stake in PJT Partners by 2.3% during the first quarter. Prospect Capital Advisors LLC now owns 98,230 shares of the financial services provider’s stock valued at $13,725,000 after purchasing an additional 2,200 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Company Profile

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.