Analysts Set PJT Partners Inc. (NYSE:PJT) Target Price at $174.67

Shares of PJT Partners Inc. (NYSE:PJT) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $174.6667.

Several analysts recently issued reports on PJT shares. Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a research note on Thursday, January 22nd. Wolfe Research reiterated an “underperform” rating and issued a $150.00 price objective on shares of PJT Partners in a report on Wednesday, January 7th. Zacks Research lowered PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Wall Street Zen cut PJT Partners from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, The Goldman Sachs Group decreased their target price on PJT Partners from $197.00 to $174.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th.

PJT Partners Stock Up 1.3%

Shares of PJT opened at $139.90 on Friday. The stock has a market capitalization of $3.38 billion, a P/E ratio of 21.07 and a beta of 0.85. PJT Partners has a twelve month low of $119.76 and a twelve month high of $195.62. The firm has a fifty day simple moving average of $151.80 and a two-hundred day simple moving average of $166.18.

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

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, March 4th. PJT Partners’s payout ratio is presently 15.06%.

Institutional Investors Weigh In On PJT Partners

Several institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC increased its position in shares of PJT Partners by 50.8% during the third quarter. CWM LLC now owns 181 shares of the financial services provider’s stock valued at $32,000 after buying an additional 61 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in PJT Partners during the 3rd quarter valued at approximately $33,000. Salomon & Ludwin LLC bought a new stake in PJT Partners during the 3rd quarter valued at approximately $41,000. Allworth Financial LP grew its holdings in shares of PJT Partners by 85.8% during the 4th quarter. Allworth Financial LP now owns 288 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 133 shares during the period. Finally, State of Wyoming purchased a new position in shares of PJT Partners during the 2nd quarter worth approximately $63,000. 89.23% of the stock is 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.