PJT Partners Inc. (NYSE:PJT) Given Average Recommendation of “Hold” by Brokerages

Shares of PJT Partners Inc. (NYSE:PJT) have been given an average rating of “Hold” by the seven analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $173.3333.

A number of research firms recently issued reports on PJT. Weiss Ratings restated a “hold (c+)” rating on shares of PJT Partners in a research report on Thursday, January 22nd. The Goldman Sachs Group upgraded shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 price objective for the company in a research report on Wednesday, April 1st. Keefe, Bruyette & Woods upped their price objective on shares of PJT Partners from $166.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Zacks Research downgraded shares of PJT Partners from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Finally, Wall Street Zen downgraded shares of PJT Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th.

Insider Transactions at PJT Partners

In other PJT Partners news, General Counsel David Adam Travin sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $152.43, for a total value of $457,290.00. Following the completion of the transaction, the general counsel owned 2,052 shares in the company, valued at approximately $312,786.36. This represents a 59.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Helen T. Meates sold 8,000 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $153.19, for a total transaction of $1,225,520.00. Following the completion of the transaction, the chief financial officer owned 58,466 shares of the company’s stock, valued at approximately $8,956,406.54. This trade represents a 12.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 10.98% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. EFG Asset Management North America Corp. acquired a new position in shares of PJT Partners during the 3rd quarter worth about $1,256,000. Mutual of America Capital Management LLC raised its position in shares of PJT Partners by 19.1% during the 3rd 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 raised its position in shares of PJT Partners by 17.9% during the 3rd 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. JPMorgan Chase & Co. raised its position in shares of PJT Partners by 28.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 110,454 shares of the financial services provider’s stock worth $19,631,000 after purchasing an additional 24,502 shares during the last quarter. Finally, Azora Capital LP acquired a new position in shares of PJT Partners during the 3rd quarter worth about $40,061,000. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Price Performance

NYSE PJT opened at $156.33 on Friday. The company has a market capitalization of $4.04 billion, a PE ratio of 22.79 and a beta of 0.86. The company has a fifty day moving average of $146.28 and a 200 day moving average of $160.59. PJT Partners has a 1 year low of $127.73 and a 1 year high of $195.62.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.03. The company had revenue of $418.20 million during the quarter, compared to the consensus estimate of $409.38 million. PJT Partners had a net margin of 10.32% and a return on equity of 32.00%. The firm’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 earnings per share. Research analysts expect that PJT Partners will post 7.5 earnings per share for the current year.

PJT Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be given a $0.25 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. PJT Partners’s dividend payout ratio is 14.58%.

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.