Analysts Set PJT Partners Inc. (NYSE:PJT) Price Target at $116.80

PJT Partners Inc. (NYSE:PJT) has earned a consensus recommendation of “Reduce” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $116.80.

Several research firms recently weighed in on PJT. JMP Securities raised their price objective on PJT Partners from $120.00 to $142.00 and gave the company a “market outperform” rating in a report on Wednesday, July 31st. The Goldman Sachs Group lifted their price target on PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $128.00 price objective (up from $108.00) on shares of PJT Partners in a research report on Wednesday, July 31st. Finally, UBS Group boosted their price objective on PJT Partners from $85.00 to $93.00 and gave the company a “sell” rating in a research note on Tuesday, July 9th.

PJT Partners Stock Up 3.7 %

PJT stock opened at $137.33 on Monday. The company’s 50-day moving average price is $125.63 and its two-hundred day moving average price is $111.17. The firm has a market cap of $3.27 billion, a P/E ratio of 37.83 and a beta of 0.61. PJT Partners has a 12 month low of $71.47 and a 12 month high of $137.50.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.49. The firm had revenue of $360.00 million during the quarter, compared to analysts’ expectations of $281.93 million. PJT Partners had a net margin of 7.96% and a return on equity of 18.04%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 earnings per share. Equities analysts predict that PJT Partners will post 4.35 EPS for the current year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Wednesday, September 4th. PJT Partners’s dividend payout ratio (DPR) is presently 27.55%.

Insider Buying and Selling

In other PJT Partners news, Director Emily K. Rafferty sold 1,696 shares of PJT Partners stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $130.79, for a total transaction of $221,819.84. Following the transaction, the director now directly owns 7,404 shares of the company’s stock, valued at $968,369.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Grace Reksten Skaugen sold 2,015 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $124.86, for a total transaction of $251,592.90. Following the completion of the transaction, the director now owns 500 shares in the company, valued at approximately $62,430. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Emily K. Rafferty sold 1,696 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $130.79, for a total transaction of $221,819.84. Following the sale, the director now owns 7,404 shares of the company’s stock, valued at $968,369.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,297 shares of company stock worth $3,092,668. 10.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in PJT Partners by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,447,154 shares of the financial services provider’s stock valued at $230,669,000 after purchasing an additional 17,463 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of PJT Partners by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 458,216 shares of the financial services provider’s stock valued at $49,446,000 after buying an additional 22,117 shares during the last quarter. Champlain Investment Partners LLC bought a new position in shares of PJT Partners during the 1st quarter worth $43,029,000. Klingman & Associates LLC increased its holdings in PJT Partners by 5.2% in the 1st quarter. Klingman & Associates LLC now owns 157,056 shares of the financial services provider’s stock worth $14,804,000 after acquiring an additional 7,754 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in PJT Partners by 5.5% in the 1st quarter. Principal Financial Group Inc. now owns 137,016 shares of the financial services provider’s stock valued at $12,915,000 after acquiring an additional 7,144 shares during the period. 89.23% of the stock is owned by institutional investors.

PJT Partners Company Profile

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.