PJT Partners (PJT) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PJT Partners in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PJT shares.
View PJT analyst ratings or view top-rated stocks.

3 brokerages have issued 1-year price targets for PJT Partners' stock. Their PJT share price forecasts range from $85.00 to $88.00. On average, they anticipate the company's share price to reach $86.33 in the next year. This suggests a possible upside of 28.1% from the stock's current price.
View analysts price targets for PJT or view top-rated stocks among Wall Street analysts.

PJT Partners' stock was trading at $73.69 at the start of the year. Since then, PJT shares have decreased by 8.5% and is now trading at $67.41.
View the best growth stocks for 2023 here.

PJT Partners saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 494,300 shares, a decline of 19.4% from the April 15th total of 613,400 shares. Based on an average daily trading volume, of 239,200 shares, the days-to-cover ratio is currently 2.1 days. Currently, 2.2% of the shares of the stock are sold short.
View PJT Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our PJT earnings forecast.

PJT Partners Inc. (NYSE:PJT) released its earnings results on Tuesday, May, 2nd. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.75 by $0.21. The financial services provider had revenue of $200 million for the quarter, compared to analyst estimates of $228.56 million. PJT Partners had a net margin of 8.39% and a trailing twelve-month return on equity of 17.00%. The firm's quarterly revenue was down 18.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 EPS.

PJT Partners announced a quarterly dividend on Tuesday, May 2nd. Stockholders of record on Wednesday, June 7th will be given a dividend of $0.25 per share on Wednesday, June 21st. This represents a $1.00 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Tuesday, June 6th.
Read our dividend analysis for PJT.

ETFs with the largest weight of PJT Partners (NYSE:PJT) stock in their portfolio include SPDR S&P Capital Markets ETF (KCE), iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), First Trust Small Cap Growth AlphaDEX Fund (FYC), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF) and IQ Chaikin U.S. Small Cap ETF (CSML).

PJT Partners (NYSE:PJT) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.48%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PJT will have a dividend payout ratio of 21.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PJT.

Based on aggregate information from My MarketBeat watchlists, some companies that other PJT Partners investors own include Blackstone (BX), AT&T (T), Energy Transfer (ET), JPMorgan Chase & Co. (JPM), Pfizer (PFE), Bank of America (BAC), Walt Disney (DIS), Verizon Communications (VZ), AbbVie (ABBV) and Ford Motor (F).

PJT Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "PJT."

PJT Partners' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.02%), Clearbridge Investments LLC (4.28%), Wellington Management Group LLP (3.47%), Eagle Asset Management Inc. (3.29%), abrdn plc (2.36%) and State Street Corp (2.13%). Insiders that own company stock include Grace Reksten Skaugen and Helen T Meates.
View institutional ownership trends.

Shares of PJT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PJT stock can currently be purchased for approximately $67.41.

PJT Partners (NYSE:PJT) has a market capitalization of $1.67 billion and generates $1.03 billion in revenue each year. The financial services provider earns $164.77 million in net income (profit) each year or $3.18 on an earnings per share basis.

The company employs 833 workers across the globe.

PJT Partners' mailing address is 280 PARK AVENUE, NEW YORK NY, 10017. The official website for the company is www.pjtpartners.com. The financial services provider can be reached via phone at (212) 364-7800 or via email at investorrelations@pjtpartners.com.