PJT Partners Inc. (NYSE:PJT) Given Average Rating of "Reduce" by Brokerages

Shares of PJT Partners Inc. (NYSE:PJT - Get Free Report) have been given an average rating of "Reduce" by the six brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $164.00.

Several brokerages recently issued reports on PJT. Keefe, Bruyette & Woods raised their target price on shares of PJT Partners from $161.00 to $199.00 and gave the stock a "market perform" rating in a report on Monday. Wolfe Research reiterated an "underperform" rating on shares of PJT Partners in a research note on Thursday.

PJT Partners Stock Performance

PJT stock traded up $4.21 during midday trading on Monday, reaching $180.11. The stock had a trading volume of 268,780 shares, compared to its average volume of 281,269. PJT Partners has a 52-week low of $114.19 and a 52-week high of $190.27. The stock has a market cap of $4.40 billion, a PE ratio of 31.77 and a beta of 0.76. The firm has a fifty day simple moving average of $155.67 and a two-hundred day simple moving average of $152.49.

PJT Partners (NYSE:PJT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.11. PJT Partners had a net margin of 10.47% and a return on equity of 23.81%. The company had revenue of $324.50 million for the quarter, compared to the consensus estimate of $361.26 million. During the same quarter in the prior year, the company earned $0.98 EPS. PJT Partners's quarterly revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts predict that PJT Partners will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Wednesday, June 4th. PJT Partners's dividend payout ratio (DPR) is presently 17.64%.

Insider Buying and Selling at PJT Partners

In other news, General Counsel David Adam Travin sold 5,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $141.74, for a total transaction of $708,700.00. Following the sale, the general counsel directly owned 2,288 shares in the company, valued at $324,301.12. This trade represents a 68.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kievdi Don Cornwell sold 10,403 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $150.29, for a total value of $1,563,466.87. Following the completion of the transaction, the director directly owned 8,847 shares of the company's stock, valued at $1,329,615.63. The trade was a 54.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,000 shares of company stock worth $3,722,082. 11.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of PJT Partners by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 2,515,600 shares of the financial services provider's stock worth $396,987,000 after acquiring an additional 127,060 shares during the last quarter. FMR LLC raised its stake in PJT Partners by 52.8% in the 4th quarter. FMR LLC now owns 637,797 shares of the financial services provider's stock valued at $100,651,000 after purchasing an additional 220,526 shares during the last quarter. Geode Capital Management LLC boosted its stake in PJT Partners by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 635,270 shares of the financial services provider's stock worth $100,273,000 after purchasing an additional 16,233 shares during the last quarter. Congress Asset Management Co. grew its holdings in shares of PJT Partners by 19.7% during the first quarter. Congress Asset Management Co. now owns 485,575 shares of the financial services provider's stock worth $66,951,000 after buying an additional 79,894 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of PJT Partners by 1.4% in the first quarter. Alliancebernstein L.P. now owns 481,410 shares of the financial services provider's stock valued at $66,377,000 after buying an additional 6,700 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, 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.