PJT Partners Inc. (NYSE:PJT) to Issue $0.25 Quarterly Dividend

PJT Partners Inc. (NYSE:PJT - Get Free Report) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors of record on Wednesday, June 5th will be paid a dividend of 0.25 per share by the financial services provider on Thursday, June 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, June 5th.

PJT Partners has raised its dividend payment by an average of 71.0% per year over the last three years. PJT Partners has a dividend payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PJT Partners to earn $5.30 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 18.9%.

PJT Partners Trading Up 1.1 %

NYSE:PJT traded up $1.07 during trading hours on Friday, hitting $99.53. The company had a trading volume of 339,091 shares, compared to its average volume of 280,316. PJT Partners has a 1 year low of $59.61 and a 1 year high of $107.35. The company has a market cap of $2.38 billion, a P/E ratio of 31.97 and a beta of 0.67. The company has a 50-day moving average of $96.66 and a 200 day moving average of $93.63.

PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.53. PJT Partners had a net margin of 7.09% and a return on equity of 17.44%. The firm had revenue of $329.39 million for the quarter, compared to analysts' expectations of $229.32 million. During the same quarter in the previous year, the company posted $0.54 EPS. The company's revenue was up 64.7% compared to the same quarter last year. On average, analysts forecast that PJT Partners will post 3.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PJT. UBS Group reaffirmed a "sell" rating and set a $75.00 price target (down previously from $100.00) on shares of PJT Partners in a research report on Tuesday, March 26th. The Goldman Sachs Group reiterated a "neutral" rating and set a $99.00 price target (down from $108.00) on shares of PJT Partners in a report on Tuesday, January 9th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $110.00 target price on shares of PJT Partners in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, PJT Partners presently has an average rating of "Hold" and an average target price of $93.25.

Insider Activity at PJT Partners

In other news, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction dated 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 owns 1,541 shares of the company's stock, valued at $143,636.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, General Counsel David Adam Travin sold 5,000 shares of the company's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $93.21, for a total transaction of $466,050.00. Following the sale, the general counsel now owns 1,541 shares of the company's stock, valued at $143,636.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Helen T. Meates sold 12,926 shares of the 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 sale, the chief financial officer now owns 48,821 shares in the company, valued at $5,151,103.71. The disclosure for this sale can be found here. Insiders sold 27,926 shares of company stock worth $2,875,672 in the last three months. 10.67% of the stock is owned by company insiders.

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.