PJT Partners Inc. (NYSE:PJT) Receives Average Recommendation of “Hold” from Brokerages

Shares of PJT Partners Inc. (NYSE:PJT) have earned an average rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $187.75.

A number of research firms have recently commented on PJT. Keefe, Bruyette & Woods increased their target price on PJT Partners from $182.00 to $186.00 and gave the company a “market perform” rating in a research report on Wednesday, December 17th. UBS Group began coverage on shares of PJT Partners in a research report on Thursday, December 11th. They set a “neutral” rating and a $180.00 price objective for the company. Evercore ISI set a $180.00 target price on shares of PJT Partners in a research report on Monday, October 13th. Zacks Research upgraded PJT Partners from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Wall Street Zen upgraded PJT Partners from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th.

PJT Partners Stock Performance

PJT opened at $171.51 on Wednesday. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 26.39 and a beta of 0.85. The company has a fifty day moving average of $170.25 and a 200 day moving average of $173.61. PJT Partners has a fifty-two week low of $119.76 and a fifty-two week high of $190.27.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.24 by $0.61. The business had revenue of $447.09 million during the quarter, compared to the consensus estimate of $386.76 million. PJT Partners had a net margin of 10.75% and a return on equity of 29.66%. On average, equities research analysts forecast that PJT Partners will post 6.2 earnings per share for the current year.

PJT Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. PJT Partners’s payout ratio is 15.38%.

Institutional Investors Weigh In On PJT Partners

Several institutional investors have recently made changes to their positions in the company. CWM LLC grew its holdings in PJT Partners by 50.8% during the 3rd quarter. CWM LLC now owns 181 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 61 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of PJT Partners in the third quarter worth approximately $33,000. Salomon & Ludwin LLC bought a new stake in shares of PJT Partners during the 3rd quarter worth approximately $41,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in PJT Partners during the 1st quarter valued at $45,000. Finally, Quarry LP purchased a new stake in PJT Partners in the first quarter worth $45,000. 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.