PJT Partners Inc (NYSE:PJT) has received an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $58.50.

A number of equities research analysts recently weighed in on the stock. Bank of America downgraded shares of PJT Partners from a “buy” rating to a “neutral” rating and set a $60.00 price objective for the company. in a research report on Monday, July 16th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of PJT Partners from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 18th. Sandler O’Neill set a $62.00 price objective on shares of PJT Partners and gave the company a “hold” rating in a research report on Wednesday, August 1st. Finally, TheStreet raised shares of PJT Partners from a “d” rating to a “c” rating in a research report on Monday.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC grew its position in PJT Partners by 78.9% in the 2nd quarter. FMR LLC now owns 1,851,734 shares of the financial services provider’s stock worth $98,864,000 after purchasing an additional 816,714 shares during the last quarter. BlackRock Inc. grew its position in PJT Partners by 18.7% in the 2nd quarter. BlackRock Inc. now owns 1,495,152 shares of the financial services provider’s stock worth $79,827,000 after purchasing an additional 235,094 shares during the last quarter. Eagle Asset Management Inc. grew its position in PJT Partners by 176.2% in the 2nd quarter. Eagle Asset Management Inc. now owns 846,102 shares of the financial services provider’s stock worth $45,173,000 after purchasing an additional 539,716 shares during the last quarter. Renaissance Technologies LLC grew its position in PJT Partners by 37.5% in the 2nd quarter. Renaissance Technologies LLC now owns 705,300 shares of the financial services provider’s stock worth $37,656,000 after purchasing an additional 192,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in PJT Partners by 15.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 397,101 shares of the financial services provider’s stock worth $21,202,000 after purchasing an additional 54,529 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Shares of PJT Partners stock opened at $52.83 on Wednesday. The stock has a market capitalization of $1.13 billion, a PE ratio of 34.31 and a beta of 0.36. PJT Partners has a 1 year low of $35.53 and a 1 year high of $61.18.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, July 31st. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.20. The business had revenue of $130.67 million for the quarter. PJT Partners had a negative net margin of 4.11% and a positive return on equity of 24.71%. sell-side analysts forecast that PJT Partners will post 2.27 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 19th. Investors of record on Wednesday, September 5th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Tuesday, September 4th. PJT Partners’s dividend payout ratio is presently 12.99%.

About PJT Partners

PJT Partners Inc provides various strategic advisory, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.

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