PJT Partners Inc. (NYSE:PJT) Receives $174.67 Consensus Target Price from Brokerages

Shares of PJT Partners Inc. (NYSE:PJT) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $174.6667.

A number of equities research analysts have weighed in on the company. Zacks Research downgraded PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Keefe, Bruyette & Woods upped their price objective on PJT Partners from $186.00 to $188.00 and gave the stock a “market perform” rating in a report on Thursday, January 8th. Wall Street Zen lowered PJT Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. The Goldman Sachs Group decreased their price objective on PJT Partners from $197.00 to $174.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. 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, January 7th.

PJT Partners Trading Down 0.0%

PJT stock opened at $136.50 on Friday. The company’s 50 day moving average is $153.75 and its 200 day moving average is $166.83. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 20.56 and a beta of 0.85. PJT Partners has a 1-year low of $119.76 and a 1-year high of $195.62.

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

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, March 4th. PJT Partners’s dividend payout ratio (DPR) is presently 15.06%.

Institutional Trading of PJT Partners

Several institutional investors have recently added to or reduced their stakes in the business. EFG Asset Management North America Corp. bought a new stake in PJT Partners in the third quarter valued at approximately $1,256,000. Mutual of America Capital Management LLC grew its holdings in shares of PJT Partners by 19.1% in the third 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 last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of PJT Partners by 17.9% in the third 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 last quarter. Cresset Asset Management LLC increased its stake in shares of 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 buying an additional 11,053 shares during the period. Finally, Congress Asset Management Co. increased its stake in shares of 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 buying an additional 27,232 shares during the period. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

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.