PJT Partners (NYSE:PJT) Share Price Crosses Below Fifty Day Moving Average - Here's What Happened

Key Points

• PJT Partners shares fell below their 50-day moving average of $153.05, trading as low as $142.88; the article reports the stock was down 4.2%.
• Third-quarter EPS of $1.41 narrowly beat MarketBeat’s $1.39 consensus, but revenue of $385.12 million missed expectations of $409.74 million and fell 13.8% year over year. PJT also reported record results for the first nine months of 2026.
• Analysts have a consensus Hold rating and an average price target of $168.33. PJT declared a $0.25 quarterly dividend, equivalent to a 0.7% yield.

PJT Partners Inc. (NYSE:PJT - Get Free Report) shares passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $153.05 and traded as low as $142.88. PJT Partners shares last traded at $147.1220, with a volume of 519,326 shares traded.

More PJT Partners News

Here are the key news stories impacting PJT Partners this week:

• Positive Sentiment: PJT reported record results for the first nine months of 2026, providing a favorable longer-period counterpoint to the softer quarter. PJT Partners reports third-quarter and record nine-month 2026 results
• Neutral Sentiment: Quarterly EPS was $1.41, $0.02 above the $1.39 consensus cited by MarketBeat, but below Zacks’ $1.44 estimate—making the earnings result a modest beat or miss depending on the benchmark. PJT Partners Q3 earnings and revenues lag estimates
• Negative Sentiment: Revenue of $385.12 million missed analyst expectations of $409.74 million and fell 13.8% year over year. EPS also declined from $1.85 a year earlier. The revenue shortfall and weaker year-over-year comparisons likely weighed on shares. PJT reports sales below analyst estimates in Q3 2026

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PJT shares. Wall Street Zen downgraded PJT Partners from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th. Keefe, Bruyette & Woods cut shares of PJT Partners from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $195.00 to $159.00 in a research note on Wednesday, October 7th. Capital One Financial set a $160.00 price objective on shares of PJT Partners in a research note on Tuesday, October 6th. BMO Capital Markets restated an "outperform" rating on shares of PJT Partners in a report on Tuesday, October 6th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of PJT Partners in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $168.33.

PJT Partners Stock Down 4.2%

The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 20.13 and a beta of 0.88. The company has a 50 day moving average of $153.05 and a 200 day moving average of $156.44.

PJT Partners (NYSE:PJT - Get Free Report) last released its earnings results on Tuesday, November 3rd. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.02. PJT Partners had a net margin of 10.57% and a return on equity of 32.66%. The business had revenue of $385.12 million for the quarter, compared to analysts' expectations of $409.74 million. During the same period last year, the company earned $1.85 earnings per share. The company's quarterly revenue was down 13.8% on a year-over-year basis. On average, research analysts forecast that PJT Partners Inc. will post 7.65 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Wednesday, December 2nd will be issued a $0.25 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $1.00 annualized dividend and a yield of 0.7%. PJT Partners's dividend payout ratio (DPR) is presently 13.68%.

Insider Activity

In other news, Director Kievdi Cornwell sold 7,845 shares of PJT Partners stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $173.48, for a total transaction of $1,360,950.60. Following the sale, the director owned 18,865 shares in the company, valued at $3,272,700.20. This trade represents a 29.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Emily K. Rafferty sold 1,100 shares of PJT Partners stock in a transaction on Monday, August 10th. The stock was sold at an average price of $167.35, for a total transaction of $184,085.00. Following the sale, the director directly owned 9,568 shares in the company, valued at $1,601,204.80. This trade represents a 10.31% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 10,668 shares of company stock valued at $1,846,561. Company insiders own 10.98% of the company's stock.

Institutional Trading of PJT Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in PJT. Wasatch Advisors LP raised its stake in shares of PJT Partners by 79.3% in the 2nd quarter. Wasatch Advisors LP now owns 1,478,222 shares of the financial services provider's stock valued at $223,123,000 after purchasing an additional 653,685 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of PJT Partners during the second quarter worth about $28,397,000. Squarepoint Ops LLC grew its stake in PJT Partners by 619.0% in the second quarter. Squarepoint Ops LLC now owns 157,151 shares of the financial services provider's stock worth $23,720,000 after purchasing an additional 135,294 shares in the last quarter. Janus Henderson Group PLC grew its stake in PJT Partners by 49.3% in the first quarter. Janus Henderson Group PLC now owns 181,980 shares of the financial services provider's stock worth $25,448,000 after purchasing an additional 60,062 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in PJT Partners in the first quarter worth about $6,665,000. Institutional investors own 89.23% of the company's stock.

About PJT Partners

PJT Partners Inc NYSE: PJT is a global, advisory-focused investment banking and financial services firm. The company provides strategic advice to corporations, financial sponsors, institutional investors and other clients on mergers and acquisitions, divestitures, capital raising, liability management and other complex financial matters.

Its businesses also include restructuring and special situations advisory, private capital advisory and placement services, and shareholder engagement and governance advice.

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