PJT Partners Inc. (NYSE:PJT) Given Consensus Rating of “Hold” by Analysts

Shares of PJT Partners Inc. (NYSE:PJT) have been given an average rating of “Hold” by the seven brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $179.50.

A number of equities research analysts have issued reports on PJT shares. Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a report on Thursday, January 22nd. Zacks Research lowered PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Wall Street Zen raised PJT Partners from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. The Goldman Sachs Group reduced their target price on PJT Partners from $197.00 to $174.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Finally, Keefe, Bruyette & Woods upped their price target on PJT Partners from $186.00 to $188.00 and gave the company a “market perform” rating in a research report on Thursday, January 8th.

PJT Partners Stock Down 2.8%

Shares of NYSE:PJT opened at $147.57 on Monday. The firm has a market capitalization of $3.59 billion, a PE ratio of 22.22 and a beta of 0.85. PJT Partners has a twelve month low of $119.76 and a twelve month high of $195.62. The company has a 50-day moving average price of $169.17 and a two-hundred day moving average price of $172.73.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.14. The company had revenue of $535.16 million for the quarter, compared to analyst estimates of $533.32 million. PJT Partners had a net margin of 10.51% and a return on equity of 31.69%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.90 earnings per share. Analysts anticipate that PJT Partners will post 6.2 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.00 annualized dividend and a yield of 0.7%. PJT Partners’s dividend payout ratio is currently 15.06%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. CWM LLC increased its stake in shares of PJT Partners by 50.8% in the third quarter. CWM LLC now owns 181 shares of the financial services provider’s stock worth $32,000 after buying an additional 61 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in PJT Partners in the 3rd quarter worth $33,000. Salomon & Ludwin LLC bought a new stake in PJT Partners in the 3rd quarter worth $41,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of PJT Partners by 75.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 285 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 123 shares during the period. Finally, Allworth Financial LP raised its stake in shares of PJT Partners by 85.8% during the fourth quarter. Allworth Financial LP now owns 288 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 133 shares during the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

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.