PJT Partners Stock Price, News & Analysis (NYSE:PJT)

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PJT Partners in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PJT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PJT, but not buy additional shares or sell existing shares.
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5 analysts have issued twelve-month price objectives for PJT Partners' stock. Their PJT share price targets range from $84.00 to $94.00. On average, they expect the company's stock price to reach $87.67 in the next year. This suggests that the stock has a possible downside of 8.7%.
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PJT Partners' stock was trading at $73.69 on January 1st, 2023. Since then, PJT shares have increased by 30.3% and is now trading at $96.02.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
View our PJT earnings forecast.

PJT Partners Inc. (NYSE:PJT) released its quarterly earnings results on Tuesday, October, 31st. The financial services provider reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.35. The financial services provider had revenue of $278.40 million for the quarter, compared to analysts' expectations of $226.97 million. PJT Partners had a trailing twelve-month return on equity of 15.72% and a net margin of 7.37%. The company's revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share.

PJT Partners announced a quarterly dividend on Tuesday, October 31st. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.25 per share on Wednesday, December 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Tuesday, December 5th.
Read our dividend analysis for PJT.

PJT Partners (NYSE:PJT) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.11%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PJT will have a dividend payout ratio of 22.22% next year. This indicates that the company will be able to sustain or increase its dividend.
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), Roundhill Acquirers Deep Value ETF (DEEP) and Harbor Corporate Culture Small Cap ETF (HAPS).iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI).

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' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Clearbridge Investments LLC (4.56%), Eagle Asset Management Inc. (4.00%), Wellington Management Group LLP (3.46%), Loomis Sayles & Co. L P (2.31%), Bank of New York Mellon Corp (1.63%) and abrdn plc (1.62%). Insiders that own company stock include Grace Reksten Skaugen, Helen T Meates and Ji-Yeun Lee.
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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