PJT Partners (NYSE:PJT) Price Target Lowered to $151.00 at UBS Group

PJT Partners (NYSE:PJT) had its price objective lowered by UBS Group from $180.00 to $151.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a research report on Thursday, January 22nd. Wall Street Zen cut shares of PJT Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Wolfe Research reiterated an “underperform” rating and issued a $150.00 target price on shares of PJT Partners in a report on Wednesday, January 7th. Keefe, Bruyette & Woods increased their price target on shares of PJT Partners from $186.00 to $188.00 and gave the company a “market perform” rating in a research note on Thursday, January 8th. Finally, The Goldman Sachs Group cut their price target on shares of PJT Partners from $197.00 to $174.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, PJT Partners currently has a consensus rating of “Hold” and an average price target of $174.67.

PJT Partners Trading Down 6.4%

Shares of NYSE PJT opened at $128.81 on Thursday. The stock has a market cap of $3.13 billion, a PE ratio of 19.40 and a beta of 0.85. PJT Partners has a 12-month low of $119.76 and a 12-month high of $195.62. The company has a 50-day moving average of $164.12 and a 200 day moving average of $170.55.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.14. The firm had revenue of $535.16 million for the quarter, compared to the consensus estimate of $533.32 million. PJT Partners had a return on equity of 31.69% and a net margin of 10.51%.The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.90 earnings per share. On average, sell-side analysts forecast that PJT Partners will post 6.2 EPS for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. PJT Partners’s dividend payout ratio is 15.06%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PJT. EFG Asset Management North America Corp. purchased a new position in PJT Partners in the third quarter valued at $1,256,000. Mutual of America Capital Management LLC increased its holdings 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 worth $13,920,000 after purchasing an additional 12,537 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in PJT Partners by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 208,264 shares of the financial services provider’s stock worth $37,015,000 after purchasing an additional 31,594 shares during the period. Cresset Asset Management LLC raised its position in PJT Partners by 105.4% in the 2nd quarter. Cresset Asset Management LLC now owns 21,536 shares of the financial services provider’s stock valued at $3,554,000 after purchasing an additional 11,053 shares in the last quarter. Finally, Congress Asset Management Co. boosted its stake in shares of PJT Partners by 5.4% in the 3rd quarter. Congress Asset Management Co. now owns 531,378 shares of the financial services provider’s stock valued at $94,442,000 after buying an additional 27,232 shares during the period. Hedge funds and other institutional investors own 89.23% of the company’s stock.

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.