PJT Partners Inc. (NYSE:PJT) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• PJT Partners Inc. has received a consensus recommendation of "Hold" from six research firms, with one sell rating, four hold ratings, and one buy rating.
• The company recently announced a quarterly dividend of $0.25 per share, resulting in an annualized yield of 0.6% and a payout ratio of 17.18%.
• PJT Partners reported earnings per share of $1.54 for the last quarter, exceeding analysts' expectations of $1.36, with revenue up 13.0% compared to the same quarter last year.

PJT Partners Inc. (NYSE:PJT - Get Free Report) has received an average recommendation of "Hold" from the six research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $182.25.

A number of brokerages recently issued reports on PJT. BMO Capital Markets assumed coverage on shares of PJT Partners in a report on Friday. They set an "outperform" rating and a $205.00 price target on the stock. Keefe, Bruyette & Woods lifted their price target on PJT Partners from $161.00 to $199.00 and gave the company a "market perform" rating in a research note on Monday, July 14th. Finally, Wolfe Research reaffirmed an "underperform" rating on shares of PJT Partners in a report on Thursday, July 10th.

Insider Activity

In related news, General Counsel David Adam Travin sold 2,288 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $178.06, for a total value of $407,401.28. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Grace Reksten Skaugen sold 1,504 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $176.89, for a total value of $266,042.56. Following the transaction, the director directly owned 500 shares of the company's stock, valued at $88,445. The trade was a 75.05% decrease in their position. The disclosure for this sale can be found here. 11.75% of the stock is owned by corporate insiders.

Institutional Trading of PJT Partners

A number of hedge funds have recently bought and sold shares of the business. M&T Bank Corp increased its stake in PJT Partners by 3.3% in the 2nd quarter. M&T Bank Corp now owns 2,302 shares of the financial services provider's stock valued at $380,000 after buying an additional 74 shares during the period. First Bank & Trust grew its holdings in PJT Partners by 1.6% in the first quarter. First Bank & Trust now owns 5,186 shares of the financial services provider's stock valued at $715,000 after purchasing an additional 80 shares during the period. F m Investments LLC increased its position in PJT Partners by 0.3% during the second quarter. F m Investments LLC now owns 26,851 shares of the financial services provider's stock worth $4,431,000 after purchasing an additional 80 shares during the last quarter. Crestwood Advisors Group LLC raised its stake in PJT Partners by 0.6% during the first quarter. Crestwood Advisors Group LLC now owns 14,314 shares of the financial services provider's stock worth $1,974,000 after purchasing an additional 83 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of PJT Partners by 13.8% in the 2nd quarter. Huntington National Bank now owns 710 shares of the financial services provider's stock valued at $117,000 after purchasing an additional 86 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company's stock.

PJT Partners Stock Performance

NYSE PJT traded up $3.44 during trading hours on Friday, reaching $180.71. The stock had a trading volume of 17,218 shares, compared to its average volume of 257,046. The stock has a fifty day moving average of $180.45 and a 200 day moving average of $160.98. The stock has a market cap of $4.39 billion, a P/E ratio of 31.05 and a beta of 0.76. PJT Partners has a 52-week low of $119.76 and a 52-week high of $190.27.

PJT Partners (NYSE:PJT - Get Free Report) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.18. The firm had revenue of $731.09 billion for the quarter, compared to the consensus estimate of $343.11 million. PJT Partners had a return on equity of 25.61% and a net margin of 10.45%.The company's revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.19 earnings per share. On average, equities research analysts forecast that PJT Partners will post 6.2 EPS for the current year.

PJT Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. PJT Partners's dividend payout ratio is currently 17.18%.

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.

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