PJT Partners (NYSE:PJT) Price Target Raised to $199.00 at Keefe, Bruyette & Woods

PJT Partners (NYSE:PJT - Free Report) had its price target upped by Keefe, Bruyette & Woods from $161.00 to $199.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a market perform rating on the financial services provider's stock.

Separately, Wolfe Research restated an "underperform" rating on shares of PJT Partners in a research note on Thursday, July 10th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $164.00.

PJT Partners Stock Down 0.8%

Shares of PJT Partners stock traded down $1.51 on Monday, hitting $178.80. 337,837 shares of the company's stock traded hands, compared to its average volume of 248,453. The stock has a market cap of $4.37 billion, a P/E ratio of 31.53 and a beta of 0.76. The firm's 50-day moving average is $157.14 and its 200 day moving average is $152.81. PJT Partners has a 52-week low of $115.74 and a 52-week high of $190.28.

PJT Partners (NYSE:PJT - Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.94 by $0.11. PJT Partners had a return on equity of 23.81% and a net margin of 10.47%. The company had revenue of $324.50 million during the quarter, compared to analysts' expectations of $361.26 million. During the same period in the prior year, the business posted $0.98 EPS. The business's revenue was down 1.5% on a year-over-year basis. Equities research analysts forecast that PJT Partners will post 6.2 EPS for the current year.

PJT Partners Announces Dividend

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

Insider Buying and Selling 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 on Friday, May 2nd. The stock was sold at an average price of $141.74, for a total value of $708,700.00. Following the sale, the general counsel directly owned 2,288 shares in the company, valued at approximately $324,301.12. This trade represents a 68.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kievdi Don Cornwell sold 10,403 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $150.29, for a total value of $1,563,466.87. Following the completion of the sale, the director owned 8,847 shares in the company, valued at $1,329,615.63. The trade was a 54.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $3,722,082 over the last 90 days. 11.75% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in PJT Partners by 5.3% during 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 period. FMR LLC grew its holdings in PJT Partners by 52.8% during the fourth quarter. FMR LLC now owns 637,797 shares of the financial services provider's stock worth $100,651,000 after acquiring an additional 220,526 shares during the period. Geode Capital Management LLC grew its holdings in PJT Partners by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 635,270 shares of the financial services provider's stock worth $100,273,000 after acquiring an additional 16,233 shares during the period. Congress Asset Management Co. boosted its position in shares of PJT Partners by 19.7% in the 1st quarter. Congress Asset Management Co. now owns 485,575 shares of the financial services provider's stock valued at $66,951,000 after purchasing an additional 79,894 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of PJT Partners by 1.4% in the 1st quarter. Alliancebernstein L.P. now owns 481,410 shares of the financial services provider's stock valued at $66,377,000 after purchasing an additional 6,700 shares during the period. 89.23% of the stock is owned by institutional investors and hedge funds.

About PJT Partners

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.