PJT Partners Inc. (NYSE:PJT) Receives $93.25 Consensus Price Target from Brokerages

Shares of PJT Partners Inc. (NYSE:PJT - Get Free Report) have been given an average recommendation of "Reduce" by the five research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $93.25.

A number of research firms have issued reports on PJT. The Goldman Sachs Group restated a "neutral" rating and set a $99.00 target price (down from $108.00) on shares of PJT Partners in a research report on Tuesday, January 9th. UBS Group restated a "sell" rating and set a $75.00 target price (down from $100.00) on shares of PJT Partners in a research report on Tuesday, March 26th. JMP Securities increased their price target on shares of PJT Partners from $105.00 to $110.00 and gave the company a "market outperform" rating in a research report on Wednesday, February 7th. Finally, Wolfe Research reiterated an "underperform" rating and issued a $89.00 price target on shares of PJT Partners in a research report on Wednesday, January 3rd.

PJT Partners Stock Up 0.4 %

NYSE:PJT traded up $0.38 during mid-day trading on Monday, reaching $97.00. 195,194 shares of the company were exchanged, compared to its average volume of 272,702. PJT Partners has a 12 month low of $59.61 and a 12 month high of $107.35. The company has a fifty day moving average of $98.43 and a 200 day moving average of $91.80. The stock has a market cap of $2.32 billion, a PE ratio of 31.49 and a beta of 0.68.

PJT Partners (NYSE:PJT - Get Free Report) last released its earnings results on Tuesday, February 6th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.20. PJT Partners had a net margin of 7.09% and a return on equity of 17.44%. The company had revenue of $328.60 million for the quarter, compared to the consensus estimate of $304.26 million. During the same period in the prior year, the company posted $1.08 EPS. The company's revenue was up 17.4% compared to the same quarter last year. On average, equities research analysts anticipate that PJT Partners will post 3.85 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were given a $0.25 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. PJT Partners's dividend payout ratio is 32.47%.

Insider Activity at PJT Partners

In other PJT Partners news, General Counsel David Adam Travin sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $93.21, for a total transaction of $466,050.00. Following the sale, the general counsel now directly owns 1,541 shares in the company, valued at approximately $143,636.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Helen T. Meates sold 12,926 shares of the firm's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $105.51, for a total value of $1,363,822.26. Following the completion of the transaction, the chief financial officer now directly owns 48,821 shares of the company's stock, valued at $5,151,103.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel David Adam Travin sold 5,000 shares of the firm's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $93.21, for a total transaction of $466,050.00. Following the completion of the transaction, the general counsel now directly owns 1,541 shares of the company's stock, valued at $143,636.61. The disclosure for this sale can be found here. Insiders have sold 27,926 shares of company stock worth $2,875,672 in the last ninety days. Company insiders own 10.67% of the company's stock.

Hedge Funds Weigh In On PJT Partners

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC boosted its position in shares of PJT Partners by 11,553.8% in the fourth quarter. Hsbc Holdings PLC now owns 510,089 shares of the financial services provider's stock valued at $52,120,000 after acquiring an additional 505,712 shares during the period. Vanguard Group Inc. boosted its position in shares of PJT Partners by 15.0% in the fourth quarter. Vanguard Group Inc. now owns 2,429,691 shares of the financial services provider's stock valued at $247,513,000 after acquiring an additional 317,437 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of PJT Partners in the third quarter valued at about $14,387,000. Walleye Capital LLC boosted its position in shares of PJT Partners by 5,714.8% in the second quarter. Walleye Capital LLC now owns 178,979 shares of the financial services provider's stock valued at $12,464,000 after acquiring an additional 175,901 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of PJT Partners by 2,871.9% in the fourth quarter. Victory Capital Management Inc. now owns 173,827 shares of the financial services provider's stock valued at $12,809,000 after acquiring an additional 167,978 shares during the period. 89.23% of the stock is currently owned by institutional investors and hedge funds.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.