Seaport Res Ptn Lowers Earnings Estimates for PJT Partners

PJT Partners Inc. (NYSE:PJT) – Stock analysts at Seaport Res Ptn cut their FY2024 EPS estimates for PJT Partners in a report released on Monday, January 13th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will earn $4.20 per share for the year, down from their previous estimate of $4.40. The consensus estimate for PJT Partners’ current full-year earnings is $4.40 per share. Seaport Res Ptn also issued estimates for PJT Partners’ Q1 2025 earnings at $1.09 EPS and Q3 2025 earnings at $1.21 EPS.

PJT has been the subject of a number of other reports. JMP Securities downgraded PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday. Citizens Jmp downgraded PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday. Keefe, Bruyette & Woods decreased their target price on PJT Partners from $159.00 to $152.00 and set a “market perform” rating for the company in a research report on Monday. Finally, UBS Group raised PJT Partners from a “sell” rating to a “neutral” rating and raised their target price for the stock from $130.00 to $175.00 in a research report on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $152.25.

PJT Partners Stock Performance

Shares of NYSE PJT opened at $161.60 on Wednesday. PJT Partners has a 52 week low of $88.51 and a 52 week high of $168.92. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 41.02 and a beta of 0.66. The business has a 50 day simple moving average of $159.54 and a 200 day simple moving average of $138.89.

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

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, December 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.62%. PJT Partners’s payout ratio is 25.38%.

Insider Activity

In other news, Director Kenneth C. Whitney sold 1,725 shares of PJT Partners stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total transaction of $275,568.75. Following the completion of the sale, the director now owns 9,100 shares of the company’s stock, valued at approximately $1,453,725. The trade was a 15.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James Costos sold 1,500 shares of PJT Partners stock in a transaction that occurred 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 of the company’s stock, valued at $1,510,797.60. This represents a 13.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,766 shares of company stock worth $762,980 over the last 90 days. Corporate insiders own 11.71% of the company’s stock.

Hedge Funds Weigh In On PJT Partners

A number of large investors have recently bought and sold shares of PJT. Captrust Financial Advisors raised its position in shares of PJT Partners by 2.2% during the 3rd quarter. Captrust Financial Advisors now owns 3,149 shares of the financial services provider’s stock worth $420,000 after purchasing an additional 67 shares during the last quarter. M&T Bank Corp raised its position in PJT Partners by 3.5% during the third quarter. M&T Bank Corp now owns 2,220 shares of the financial services provider’s stock worth $296,000 after acquiring an additional 75 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of PJT Partners by 0.9% in the third quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider’s stock valued at $1,425,000 after buying an additional 100 shares during the last quarter. GAMMA Investing LLC grew its stake in PJT Partners by 32.3% during the fourth quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock worth $70,000 after buying an additional 109 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of PJT Partners by 0.8% during the second quarter. American Century Companies Inc. now owns 14,837 shares of the financial services provider’s stock worth $1,601,000 after purchasing an additional 120 shares during the last quarter. 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.