PJT Partners (NYSE:PJT) Hits New 52-Week High at $110.80

PJT Partners Inc. (NYSE:PJTGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $110.80 and last traded at $110.75, with a volume of 40440 shares changing hands. The stock had previously closed at $109.78.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PJT shares. UBS Group reaffirmed a “sell” rating and set a $75.00 price objective (down previously from $100.00) on shares of PJT Partners in a research note on Tuesday, March 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price objective on shares of PJT Partners in a report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $93.25.

Get Our Latest Analysis on PJT

PJT Partners Stock Performance

The company has a 50 day moving average price of $103.97 and a two-hundred day moving average price of $99.89. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 30.48 and a beta of 0.62.

PJT Partners (NYSE:PJTGet Free Report) last posted its quarterly earnings data 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. The company had revenue of $329.39 million during the quarter, compared to analysts’ expectations of $229.32 million. PJT Partners had a net margin of 7.57% and a return on equity of 17.36%. The firm’s revenue for the quarter was up 64.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. On average, equities analysts expect that PJT Partners Inc. will post 4 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Wednesday, June 5th. PJT Partners’s payout ratio is 27.55%.

Hedge Funds Weigh In On PJT Partners

Hedge funds have recently made changes to their positions in the company. Walleye Trading LLC lifted its holdings in PJT Partners by 1.2% in the 3rd quarter. Walleye Trading LLC now owns 11,271 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 136 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of PJT Partners by 5.0% during the 4th quarter. Parallel Advisors LLC now owns 3,897 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 184 shares during the last quarter. Intrust Bank NA grew its position in shares of PJT Partners by 8.6% in the fourth quarter. Intrust Bank NA now owns 3,186 shares of the financial services provider’s stock valued at $325,000 after purchasing an additional 251 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of PJT Partners by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 19,517 shares of the financial services provider’s stock valued at $1,840,000 after purchasing an additional 255 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in PJT Partners by 7.3% during the first quarter. ProShare Advisors LLC now owns 4,754 shares of the financial services provider’s stock worth $448,000 after buying an additional 323 shares in the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

About PJT Partners

(Get Free Report)

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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