Q4 EPS Estimates for PJT Partners Cut by Seaport Res Ptn

PJT Partners Inc. (NYSE:PJT) – Equities research analysts at Seaport Res Ptn dropped their Q4 2024 earnings per share estimates for PJT Partners in a research report issued on Monday, January 13th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings of $1.11 per share for the quarter, down from their prior forecast of $1.30. The consensus estimate for PJT Partners’ current full-year earnings is $4.40 per share. Seaport Res Ptn also issued estimates for PJT Partners’ Q2 2025 earnings at $1.27 EPS and Q4 2025 earnings at $1.82 EPS.

Other equities research analysts also recently issued reports about the company. UBS Group upgraded PJT Partners from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $130.00 to $175.00 in a report on Friday, December 6th. Citizens Jmp cut PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday. JMP Securities cut PJT Partners from an “outperform” rating to a “market perform” rating in a report on Monday. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of PJT Partners from $159.00 to $152.00 and set a “market perform” rating on the stock in a research note on Monday. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $152.25.

PJT Partners Stock Up 3.3 %

PJT stock opened at $161.60 on Tuesday. The company’s fifty day simple moving average is $159.54 and its 200 day simple moving average is $138.89. PJT Partners has a 12-month low of $88.51 and a 12-month high of $168.92. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 41.02 and a beta of 0.66.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The company had revenue of $326.30 million for the quarter, compared to analyst estimates of $313.46 million. During the same period in the prior year, the firm posted $0.78 EPS. The company’s quarterly revenue was up 17.2% on a year-over-year basis.

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Wednesday, December 4th. PJT Partners’s dividend payout ratio is presently 25.38%.

Insider Buying and Selling

In other news, General Counsel David Adam Travin sold 1,541 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $159.18, for a total transaction of $245,296.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James Costos sold 1,500 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $161.41, for a total transaction of $242,115.00. Following the sale, the director now directly owns 9,360 shares in the company, valued at $1,510,797.60. The trade was a 13.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,766 shares of company stock worth $762,980. 11.71% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. bought a new stake in shares of PJT Partners in the 2nd quarter worth approximately $13,803,000. Congress Asset Management Co. grew its position in PJT Partners by 29.6% during the third quarter. Congress Asset Management Co. now owns 317,974 shares of the financial services provider’s stock valued at $42,399,000 after buying an additional 72,582 shares during the period. State Street Corp increased its stake in shares of PJT Partners by 5.7% in the 3rd quarter. State Street Corp now owns 1,001,911 shares of the financial services provider’s stock worth $133,595,000 after purchasing an additional 54,071 shares in the last quarter. Marshall Wace LLP purchased a new stake in PJT Partners in the 2nd quarter worth approximately $5,801,000. Finally, Geode Capital Management LLC raised its position in shares of PJT Partners by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider’s stock valued at $82,556,000 after purchasing an additional 45,327 shares during the period. Institutional investors own 89.23% of the company’s stock.

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.