Seaport Res Ptn Forecasts Lower Earnings for PJT Partners

PJT Partners Inc. (NYSE:PJT) – Equities researchers at Seaport Res Ptn dropped their Q3 2026 EPS estimates for PJT Partners in a note issued to investors on Monday, July 14th. Seaport Res Ptn analyst J. Mitchell now expects that the financial services provider will post earnings per share of $1.58 for the quarter, down from their previous forecast of $1.61. The consensus estimate for PJT Partners’ current full-year earnings is $6.20 per share. Seaport Res Ptn also issued estimates for PJT Partners’ Q4 2026 earnings at $2.60 EPS and FY2027 earnings at $8.30 EPS.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. PJT Partners had a net margin of 10.47% and a return on equity of 23.81%. The firm had revenue of $324.50 million for the quarter, compared to analyst estimates of $361.26 million. During the same period last year, the company posted $0.98 EPS. PJT Partners’s quarterly revenue was down 1.5% compared to the same quarter last year.

PJT has been the topic of a number of other reports. Keefe, Bruyette & Woods boosted their price target on shares of PJT Partners from $161.00 to $199.00 and gave the stock a “market perform” rating in a research report on Monday. Wolfe Research restated an “underperform” rating on shares of PJT Partners in a report on Thursday, July 10th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $164.00.

PJT Partners Stock Performance

Shares of PJT stock opened at $178.80 on Tuesday. The stock’s fifty day moving average is $157.14 and its two-hundred day moving average is $152.81. The firm has a market capitalization of $4.37 billion, a P/E ratio of 31.53 and a beta of 0.76. PJT Partners has a fifty-two week low of $115.74 and a fifty-two week high of $190.28.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Wednesday, June 4th. PJT Partners’s dividend payout ratio (DPR) is presently 17.64%.

Insider Activity

In other news, General Counsel David Adam Travin sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $141.74, for a total transaction of $708,700.00. Following the completion of the sale, the general counsel owned 2,288 shares in the company, valued at $324,301.12. This trade represents a 68.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kievdi Don Cornwell sold 10,403 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $150.29, for a total value of $1,563,466.87. Following the completion of the transaction, the director owned 8,847 shares in the company, valued at $1,329,615.63. This represents a 54.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $3,722,082 over the last quarter. 11.75% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PJT Partners

Hedge funds have recently modified their holdings of the business. FMR LLC lifted its position in PJT Partners by 52.8% in the fourth quarter. FMR LLC now owns 637,797 shares of the financial services provider’s stock valued at $100,651,000 after buying an additional 220,526 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of PJT Partners by 658.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 181,406 shares of the financial services provider’s stock worth $28,628,000 after acquiring an additional 157,483 shares during the last quarter. Norges Bank purchased a new position in shares of PJT Partners during the 4th quarter worth approximately $20,269,000. Tidal Investments LLC acquired a new stake in PJT Partners in the 4th quarter valued at approximately $20,059,000. Finally, Vanguard Group Inc. raised its position in PJT Partners by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 2,515,600 shares of the financial services provider’s stock valued at $396,987,000 after purchasing an additional 127,060 shares during the period. 89.23% of the stock is currently owned by hedge funds and other 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.