Analysts Set PJT Partners Inc. (NYSE:PJT) Target Price at $154.50

Shares of PJT Partners Inc. (NYSE:PJT) have earned an average recommendation of “Reduce” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $164.00.

PJT has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their target price on PJT Partners from $161.00 to $199.00 and gave the stock a “market perform” rating in a research report on Monday. Wolfe Research reiterated an “underperform” rating on shares of PJT Partners in a report on Thursday, July 10th.

PJT Partners Price Performance

PJT Partners stock opened at $184.21 on Monday. The stock’s 50 day moving average is $157.98 and its 200 day moving average is $153.03. The firm has a market cap of $4.50 billion, a P/E ratio of 32.49 and a beta of 0.76. PJT Partners has a one year low of $116.06 and a one year high of $190.28.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.11. PJT Partners had a return on equity of 23.81% and a net margin of 10.47%. The firm had revenue of $324.50 million for the quarter, compared to analyst estimates of $361.26 million. During the same period in the previous year, the firm earned $0.98 earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year. Equities 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 declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, June 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.54%. PJT Partners’s dividend payout ratio is presently 17.64%.

Insiders Place Their Bets

In related news, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $141.74, for a total transaction of $708,700.00. Following the sale, the general counsel owned 2,288 shares of the company’s stock, valued at approximately $324,301.12. This represents a 68.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kievdi Don Cornwell sold 10,403 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $150.29, for a total value of $1,563,466.87. Following the sale, the director directly owned 8,847 shares in the company, valued at $1,329,615.63. This trade represents a 54.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $3,722,082 in the last ninety days. Insiders own 11.75% of the company’s stock.

Institutional Trading of PJT Partners

Several institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its position in shares of PJT Partners by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 255,263 shares of the financial services provider’s stock valued at $40,283,000 after purchasing an additional 3,173 shares during the last quarter. Atria Investments Inc grew its holdings in shares of PJT Partners by 5.0% in the fourth quarter. Atria Investments Inc now owns 2,692 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 129 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of PJT Partners by 51.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 176 shares during the last quarter. Amundi grew its position in shares of PJT Partners by 194.3% in the 4th quarter. Amundi now owns 12,329 shares of the financial services provider’s stock worth $1,953,000 after buying an additional 8,140 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of PJT Partners by 18.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,948 shares of the financial services provider’s stock worth $939,000 after buying an additional 921 shares during the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

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.