PJT Partners Inc. (NYSE:PJT) Receives Consensus Rating of “Reduce” from Analysts

PJT Partners Inc. (NYSE:PJT) has earned a consensus recommendation of “Reduce” from the five research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $93.25.

PJT has been the subject of several analyst reports. JMP Securities increased their price target on shares of PJT Partners from $105.00 to $110.00 and gave the stock a “market outperform” rating in a report on Wednesday, February 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $99.00 target price (down from $108.00) on shares of PJT Partners in a report on Tuesday, January 9th. UBS Group reaffirmed a “sell” rating and issued a $75.00 target price (down from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th. Finally, Wolfe Research reaffirmed an “underperform” rating and issued a $89.00 target price on shares of PJT Partners in a report on Wednesday, January 3rd.

Insider Activity

In other news, insider Ji-Yeun Lee sold 10,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $104.58, for a total value of $1,045,800.00. Following the sale, the insider now directly owns 73,421 shares in the company, valued at $7,678,368.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $93.21, for a total value of $466,050.00. Following the sale, the general counsel now directly owns 1,541 shares in the company, valued at $143,636.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ji-Yeun Lee sold 10,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $104.58, for a total transaction of $1,045,800.00. Following the completion of the sale, the insider now owns 73,421 shares in the company, valued at $7,678,368.18. The disclosure for this sale can be found here. Insiders have sold 27,926 shares of company stock worth $2,875,672 over the last ninety days. 10.67% of the stock is currently owned by insiders.

Institutional Trading of PJT Partners

A number of hedge funds have recently bought and sold shares of PJT. Hsbc Holdings PLC boosted its position in PJT Partners by 11,553.8% during the fourth quarter. Hsbc Holdings PLC now owns 510,089 shares of the financial services provider’s stock worth $52,120,000 after acquiring an additional 505,712 shares during the last quarter. Vanguard Group Inc. boosted its position in PJT Partners by 15.0% during the fourth quarter. Vanguard Group Inc. now owns 2,429,691 shares of the financial services provider’s stock worth $247,513,000 after acquiring an additional 317,437 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in PJT Partners during the third quarter worth approximately $14,387,000. Walleye Capital LLC boosted its position in PJT Partners by 5,714.8% during the second quarter. Walleye Capital LLC now owns 178,979 shares of the financial services provider’s stock worth $12,464,000 after acquiring an additional 175,901 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in PJT Partners by 2,871.9% during the fourth quarter. Victory Capital Management Inc. now owns 173,827 shares of the financial services provider’s stock worth $12,809,000 after acquiring an additional 167,978 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Stock Performance

Shares of NYSE:PJT opened at $96.62 on Monday. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 31.37 and a beta of 0.68. PJT Partners has a one year low of $59.61 and a one year high of $107.35. The company has a 50-day simple moving average of $98.47 and a 200-day simple moving average of $91.66.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.20. The firm had revenue of $328.60 million during the quarter, compared to analysts’ expectations of $304.26 million. PJT Partners had a net margin of 7.09% and a return on equity of 17.44%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 earnings per share. As a group, research analysts forecast that PJT Partners will post 3.85 EPS for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. PJT Partners’s dividend payout ratio is presently 32.47%.

PJT Partners Company Profile

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.