PJT Partners (NYSE:PJT) Cut to Hold at StockNews.com

StockNews.com cut shares of PJT Partners (NYSE:PJTGet Rating) from a buy rating to a hold rating in a research report report published on Wednesday morning.

A number of other equities analysts have also weighed in on PJT. JMP Securities decreased their target price on PJT Partners from $98.00 to $86.00 and set a market outperform rating on the stock in a research note on Thursday, April 7th. Wolfe Research upgraded PJT Partners from a peer perform rating to an outperform rating and set a $83.00 target price on the stock in a research note on Thursday, April 7th. Keefe, Bruyette & Woods upgraded PJT Partners from a market perform rating to an outperform rating and set a $79.00 price objective for the company in a report on Wednesday, April 6th. Finally, Piper Sandler upped their price objective on PJT Partners to $86.00 and gave the stock an outperform rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, PJT Partners presently has a consensus rating of Moderate Buy and a consensus target price of $83.20.

PJT Partners Stock Down 0.8 %

Shares of NYSE PJT opened at $70.13 on Wednesday. The firm has a market capitalization of $1.73 billion, a P/E ratio of 17.40 and a beta of 0.81. The stock’s 50-day simple moving average is $71.39 and its two-hundred day simple moving average is $67.24. PJT Partners has a twelve month low of $54.48 and a twelve month high of $89.50.

PJT Partners (NYSE:PJTGet Rating) last announced its earnings results on Tuesday, April 26th. The financial services provider reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.18. The business had revenue of $246.32 million for the quarter, compared to analyst estimates of $211.14 million. PJT Partners had a return on equity of 27.53% and a net margin of 10.20%. During the same period in the prior year, the company earned $0.89 EPS. As a group, research analysts anticipate that PJT Partners will post 4.64 EPS for the current fiscal year.

PJT Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Tuesday, September 6th. PJT Partners’s payout ratio is currently 24.81%.

Institutional Investors Weigh In On PJT Partners

Several institutional investors have recently bought and sold shares of the stock. Frontier Capital Management Co. LLC boosted its holdings in PJT Partners by 1.2% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 241,874 shares of the financial services provider’s stock valued at $16,999,000 after acquiring an additional 2,847 shares during the period. Brinker Capital Investments LLC boosted its holdings in PJT Partners by 23.0% during the 2nd quarter. Brinker Capital Investments LLC now owns 67,495 shares of the financial services provider’s stock valued at $4,744,000 after acquiring an additional 12,637 shares during the period. Redwood Investments LLC boosted its holdings in PJT Partners by 15.7% during the 2nd quarter. Redwood Investments LLC now owns 363,831 shares of the financial services provider’s stock valued at $25,570,000 after acquiring an additional 49,360 shares during the period. Keeley Teton Advisors LLC boosted its holdings in PJT Partners by 46.6% during the 1st quarter. Keeley Teton Advisors LLC now owns 34,162 shares of the financial services provider’s stock valued at $2,156,000 after acquiring an additional 10,858 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in PJT Partners by 1.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 102,750 shares of the financial services provider’s stock valued at $6,486,000 after acquiring an additional 1,000 shares during the period. 69.18% of the stock is currently owned by hedge funds and other institutional investors.

PJT Partners Company Profile

(Get Rating)

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.

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