Keefe, Bruyette & Woods Issues Positive Forecast for PJT Partners (NYSE:PJT) Stock Price

PJT Partners (NYSE:PJT) had its price target boosted by Keefe, Bruyette & Woods from $186.00 to $188.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

A number of other equities research analysts also recently commented on the company. UBS Group assumed coverage on PJT Partners in a report on Thursday, December 11th. They issued a “neutral” rating and a $180.00 price objective for the company. Evercore ISI set a $180.00 target price on PJT Partners in a research report on Monday, October 13th. BMO Capital Markets began coverage on shares of PJT Partners in a research report on Friday, October 3rd. They issued an “outperform” rating and a $205.00 price target on the stock. Wall Street Zen upgraded shares of PJT Partners from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Wolfe Research reaffirmed an “underperform” rating and issued a $150.00 target price on shares of PJT Partners in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $180.60.

PJT Partners Price Performance

PJT opened at $180.53 on Thursday. The firm has a 50 day simple moving average of $169.36 and a 200 day simple moving average of $174.93. PJT Partners has a fifty-two week low of $119.76 and a fifty-two week high of $190.27. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 27.77 and a beta of 0.84.

PJT Partners (NYSE:PJT) last released its earnings results on Tuesday, November 4th. The financial services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.61. The firm had revenue of $447.09 million during the quarter, compared to analyst estimates of $386.76 million. PJT Partners had a net margin of 10.75% and a return on equity of 29.66%. As a group, analysts expect that PJT Partners will post 6.2 EPS for the current year.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, December 3rd. PJT Partners’s dividend payout ratio is 15.38%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its stake in PJT Partners by 45.7% in the 1st quarter. Royal Bank of Canada now owns 11,471 shares of the financial services provider’s stock valued at $1,581,000 after acquiring an additional 3,596 shares in the last quarter. AQR Capital Management LLC boosted its holdings in PJT Partners by 57.7% during the first quarter. AQR Capital Management LLC now owns 7,330 shares of the financial services provider’s stock worth $1,011,000 after purchasing an additional 2,681 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in PJT Partners by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,887 shares of the financial services provider’s stock worth $1,915,000 after purchasing an additional 620 shares during the last quarter. Millennium Management LLC grew its position in PJT Partners by 1,394.5% in the first quarter. Millennium Management LLC now owns 52,563 shares of the financial services provider’s stock valued at $7,247,000 after purchasing an additional 49,046 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in PJT Partners by 5.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 370,536 shares of the financial services provider’s stock valued at $51,090,000 after buying an additional 19,806 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Company Profile

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.