PJT Partners (NYSE:PJT) Now Covered by BMO Capital Markets

BMO Capital Markets assumed coverage on shares of PJT Partners (NYSE:PJT) in a research report sent to investors on Friday morning, MarketBeat reports. The firm issued an outperform rating and a $205.00 price target on the financial services provider’s stock.

Other equities analysts also recently issued reports about the stock. Wolfe Research reaffirmed an “underperform” rating on shares of PJT Partners in a research note on Thursday, July 10th. 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, July 14th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, PJT Partners presently has a consensus rating of “Hold” and an average price target of $182.25.

PJT Partners Trading Up 1.4%

NYSE:PJT opened at $179.80 on Friday. The business’s fifty day moving average price is $180.36 and its 200 day moving average price is $161.25. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 30.89 and a beta of 0.76. PJT Partners has a 1-year low of $119.76 and a 1-year high of $190.27.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.18. The company had revenue of $731.09 billion for the quarter, compared to the consensus estimate of $343.11 million. PJT Partners had a return on equity of 25.61% and a net margin of 10.45%.The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 EPS. Equities analysts forecast that PJT Partners will post 6.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, September 3rd. PJT Partners’s dividend payout ratio (DPR) is 17.18%.

Insiders Place Their Bets

In related news, General Counsel David Adam Travin sold 2,288 shares of the company’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $178.06, for a total transaction of $407,401.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Grace Reksten Skaugen sold 1,504 shares of PJT Partners stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $176.89, for a total transaction of $266,042.56. Following the completion of the transaction, the director owned 500 shares in the company, valued at $88,445. This trade represents a 75.05% decrease in their position. The disclosure for this sale can be found here. 11.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in shares of PJT Partners by 21.1% in the third quarter. GAMMA Investing LLC now owns 596 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 104 shares during the period. Orion Porfolio Solutions LLC raised its stake in PJT Partners by 7.4% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 29,529 shares of the financial services provider’s stock valued at $4,873,000 after purchasing an additional 2,028 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in PJT Partners by 3.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 17,964 shares of the financial services provider’s stock valued at $2,964,000 after purchasing an additional 554 shares during the period. State of Wyoming bought a new stake in PJT Partners in the 2nd quarter valued at $63,000. Finally, Caxton Associates LLP acquired a new stake in PJT Partners in the 2nd quarter worth $541,000. 89.23% of the stock is currently owned by institutional investors and hedge funds.

About PJT Partners

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.