PJT Partners Inc. (PJT) - What Are Investment Firms Saying About This Stock?

Key Points

• Analyst sentiment is broadly neutral: Seven firms give PJT Partners an average “Hold” rating, with a mean 12-month price target of $167.67.
• Quarterly results were mixed: Earnings of $1.41 per share narrowly beat estimates, but revenue of $385.1 million missed expectations and fell 13.8% year over year.
• PJT declared a quarterly dividend of $0.25 per share, equivalent to an annualized yield of about 0.7%.

Shares of PJT Partners Inc. (NYSE:PJT - Get Free Report) have been assigned an average rating of "Hold" from the seven ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $167.67.

Several equities research analysts have recently weighed in on the company. Wall Street Zen downgraded PJT Partners from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. Capital One Financial set a $160.00 price objective on PJT Partners in a report on Tuesday, October 6th. UBS Group cut their price objective on PJT Partners from $176.00 to $165.00 and set a "neutral" rating for the company in a research report on Wednesday, October 7th. BMO Capital Markets reiterated an "outperform" rating on shares of PJT Partners in a research note on Tuesday, October 6th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of PJT Partners in a research note on Wednesday, August 26th.

PJT Partners Stock Performance

NYSE:PJT opened at $148.52 on Friday. The firm has a market capitalization of $3.80 billion, a PE ratio of 21.25 and a beta of 0.88. The stock has a 50-day simple moving average of $151.69 and a two-hundred day simple moving average of $155.93. PJT Partners has a 52-week low of $127.73 and a 52-week high of $195.62.

PJT Partners (NYSE:PJT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The financial services provider reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.02. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%. The firm had revenue of $385.12 million during the quarter, compared to analysts' expectations of $409.74 million. During the same quarter last year, the firm earned $1.85 EPS. The business's quarterly revenue was down 13.8% on a year-over-year basis. Equities analysts forecast that PJT Partners will post 7.60 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, December 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 2nd. PJT Partners's payout ratio is currently 14.31%.

Insider Buying and Selling at PJT Partners

In other news, Director James Costos sold 1,723 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $175.00, for a total transaction of $301,525.00. Following the completion of the sale, the director owned 11,289 shares in the company, valued at approximately $1,975,575. This represents a 13.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Emily K. Rafferty sold 1,100 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $167.35, for a total transaction of $184,085.00. Following the sale, the director directly owned 9,568 shares of the company's stock, valued at $1,601,204.80. This represents a 10.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,668 shares of company stock valued at $1,846,561 in the last quarter. 10.98% of the stock is owned by insiders.

Hedge Funds Weigh In On PJT Partners

A number of hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP raised its holdings in PJT Partners by 79.3% during the second quarter. Wasatch Advisors LP now owns 1,478,222 shares of the financial services provider's stock worth $223,123,000 after acquiring an additional 653,685 shares in the last quarter. Congress Asset Management Co. lifted its holdings in PJT Partners by 0.7% during the third quarter. Congress Asset Management Co. now owns 728,580 shares of the financial services provider's stock worth $103,976,000 after acquiring an additional 5,106 shares during the period. Dimensional Fund Advisors LP raised its position in shares of PJT Partners by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 369,377 shares of the financial services provider's stock valued at $51,609,000 after purchasing an additional 9,337 shares during the period. Bank of New York Mellon Corp bought a new position in shares of PJT Partners in the second quarter worth approximately $28,397,000. Finally, Principal Financial Group Inc. grew its holdings in shares of PJT Partners by 15.1% in the first quarter. Principal Financial Group Inc. now owns 188,774 shares of the financial services provider's stock worth $26,376,000 after purchasing an additional 24,735 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Company Profile

PJT Partners Inc NYSE: PJT is a global, advisory-focused investment banking and financial services firm. The company provides strategic advice to corporations, financial sponsors, institutional investors and other clients on mergers and acquisitions, divestitures, capital raising, liability management and other complex financial matters.

Its businesses also include restructuring and special situations advisory, private capital advisory and placement services, and shareholder engagement and governance advice.

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