PJT Partners Inc. (NYSE:PJT) Receives $179.50 Average Price Target from Brokerages

PJT Partners Inc. (NYSE:PJT) has earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $179.50.

PJT has been the subject of several analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of PJT Partners in a report on Thursday, January 22nd. Evercore set a $180.00 price objective on PJT Partners in a research report on Monday, October 13th. The Goldman Sachs Group dropped their price objective on PJT Partners from $197.00 to $174.00 and set a “neutral” rating for the company in a research note on Wednesday. Zacks Research downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Keefe, Bruyette & Woods upped their price target on shares of PJT Partners from $186.00 to $188.00 and gave the company a “market perform” rating in a report on Thursday, January 8th.

Institutional Trading of PJT Partners

Several large investors have recently modified their holdings of the business. EFG Asset Management North America Corp. purchased a new position in shares of PJT Partners during the third quarter valued at approximately $1,256,000. Mutual of America Capital Management LLC increased its position in PJT Partners by 19.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 78,321 shares of the financial services provider’s stock valued at $13,920,000 after buying an additional 12,537 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in PJT Partners by 17.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 208,264 shares of the financial services provider’s stock valued at $37,015,000 after buying an additional 31,594 shares during the last quarter. Cresset Asset Management LLC boosted its holdings in PJT Partners by 105.4% in the second quarter. Cresset Asset Management LLC now owns 21,536 shares of the financial services provider’s stock worth $3,554,000 after acquiring an additional 11,053 shares in the last quarter. Finally, Congress Asset Management Co. boosted its holdings in PJT Partners by 5.4% in the third quarter. Congress Asset Management Co. now owns 531,378 shares of the financial services provider’s stock worth $94,442,000 after acquiring an additional 27,232 shares in the last quarter. 89.23% of the stock is owned by institutional investors.

PJT Partners Stock Performance

PJT stock opened at $163.02 on Thursday. The firm has a market cap of $3.96 billion, a P/E ratio of 24.55 and a beta of 0.82. The firm’s fifty day moving average is $174.34 and its 200 day moving average is $175.67. PJT Partners has a 52 week low of $119.76 and a 52 week high of $195.62.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.14. PJT Partners had a net margin of 10.51% and a return on equity of 32.98%. The business had revenue of $535.16 million during the quarter, compared to analyst estimates of $533.32 million. During the same period in the prior year, the business posted $1.90 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. As a group, analysts forecast that PJT Partners will post 6.2 EPS for the current year.

PJT Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, March 4th. PJT Partners’s dividend payout ratio is 15.06%.

About PJT Partners

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.