PJT Partners (NYSE:PJT) Earns "Market Outperform" Rating from JMP Securities

PJT Partners (NYSE:PJT - Get Free Report)'s stock had its "market outperform" rating reiterated by JMP Securities in a note issued to investors on Tuesday, Benzinga reports. They currently have a $110.00 target price on the financial services provider's stock. JMP Securities' price target would suggest a potential upside of 12.87% from the company's previous close.

Other analysts also recently issued reports about the company. The Goldman Sachs Group reaffirmed 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. UBS Group restated a "sell" rating and issued a $75.00 price target (down previously from $100.00) on shares of PJT Partners in a research report on Tuesday, March 26th. Finally, Wolfe Research restated an "underperform" rating and set a $89.00 price objective on shares of PJT Partners in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, PJT Partners currently has an average rating of "Hold" and a consensus target price of $93.25.

PJT Partners Stock Performance

Shares of NYSE PJT traded up $0.46 during mid-day trading on Tuesday, reaching $97.46. The company's stock had a trading volume of 365,722 shares, compared to its average volume of 274,069. PJT Partners has a 1-year low of $59.61 and a 1-year high of $107.35. The stock has a market capitalization of $2.33 billion, a P/E ratio of 31.64 and a beta of 0.68. The stock has a 50-day moving average of $98.42 and a two-hundred day moving average of $91.94.

PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping 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 business had revenue of $328.60 million during the quarter, compared to the consensus estimate of $304.26 million. During the same quarter last year, the firm earned $1.08 EPS. The business's revenue was up 17.4% compared to the same quarter last year. Analysts predict that PJT Partners will post 3.85 EPS for the current fiscal year.

Insider Activity at PJT Partners

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 transaction of $1,363,822.26. Following the completion of the sale, the chief financial officer now directly owns 48,821 shares of the company's stock, valued at approximately $5,151,103.71. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction that occurred 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 directly owns 1,541 shares in the company, valued at approximately $143,636.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Helen T. Meates sold 12,926 shares of PJT Partners stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $105.51, for a total transaction 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. In the last 90 days, insiders have sold 27,926 shares of company stock worth $2,875,672. 10.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PJT Partners

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC grew its holdings in shares of PJT Partners by 11,553.8% in the 4th quarter. Hsbc Holdings PLC now owns 510,089 shares of the financial services provider's stock worth $52,120,000 after acquiring an additional 505,712 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of PJT Partners by 15.0% during the 4th quarter. Vanguard Group Inc. now owns 2,429,691 shares of the financial services provider's stock worth $247,513,000 after purchasing an additional 317,437 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in PJT Partners during the third quarter valued at about $14,387,000. Walleye Capital LLC lifted its holdings in PJT Partners by 5,714.8% in the 2nd quarter. Walleye Capital LLC now owns 178,979 shares of the financial services provider's stock worth $12,464,000 after purchasing an additional 175,901 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of PJT Partners by 2,871.9% during the 4th quarter. Victory Capital Management Inc. now owns 173,827 shares of the financial services provider's stock worth $12,809,000 after buying an additional 167,978 shares during the period. Institutional investors own 89.23% of the company's stock.

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.