PJT Partners Inc. (NYSE:PJT) Receives $123.80 Consensus Target Price from Analysts

Shares of PJT Partners Inc. (NYSE:PJT) have received a consensus rating of “Reduce” from the six brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $123.80.

PJT has been the topic of several research reports. UBS Group raised their price target on shares of PJT Partners from $110.00 to $120.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $128.00 target price (up from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. The Goldman Sachs Group upped their price target on PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, JMP Securities lifted their price objective on PJT Partners from $142.00 to $150.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th.

PJT Partners Price Performance

Shares of PJT Partners stock opened at $139.64 on Friday. The stock has a market capitalization of $3.35 billion, a P/E ratio of 38.47 and a beta of 0.61. The business has a 50 day simple moving average of $131.79 and a two-hundred day simple moving average of $116.32. PJT Partners has a 12 month low of $71.47 and a 12 month high of $151.10.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.70 by $0.49. PJT Partners had a return on equity of 18.04% and a net margin of 7.96%. The firm had revenue of $360.00 million during the quarter, compared to the consensus estimate of $281.93 million. During the same period in the prior year, the company earned $0.99 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. As a group, research analysts anticipate that PJT Partners will post 4.35 EPS for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.00 annualized dividend and a yield of 0.72%. PJT Partners’s payout ratio is 27.55%.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, insider Ji-Yeun Lee sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $118.85, for a total value of $1,188,500.00. Following the transaction, the insider now owns 61,433 shares of the company’s stock, valued at $7,301,312.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other PJT Partners news, insider Ji-Yeun Lee sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $118.85, for a total value of $1,188,500.00. Following the sale, the insider now owns 61,433 shares of the company’s stock, valued at $7,301,312.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Emily K. Rafferty sold 1,696 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $130.79, for a total value of $221,819.84. Following the transaction, the director now owns 7,404 shares of the company’s stock, valued at approximately $968,369.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,297 shares of company stock worth $3,092,668 over the last quarter. 10.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PJT. Champlain Investment Partners LLC purchased a new position in PJT Partners in the 1st quarter valued at approximately $43,029,000. Vanguard Group Inc. grew its stake in PJT Partners by 15.0% during the 4th quarter. Vanguard Group Inc. now owns 2,429,691 shares of the financial services provider’s stock worth $247,513,000 after purchasing an additional 317,437 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in PJT Partners during the 2nd quarter worth $13,803,000. Marshall Wace LLP purchased a new stake in PJT Partners during the 2nd quarter worth about $5,801,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in PJT Partners by 36.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,049 shares of the financial services provider’s stock valued at $8,017,000 after purchasing an additional 22,556 shares in the last quarter. Hedge funds and other 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.