Analysts Set PJT Partners Inc. (NYSE:PJT) Target Price at $173.33

PJT Partners Inc. (NYSE:PJT) has been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $173.6667.

Several research analysts recently weighed in on PJT shares. Keefe, Bruyette & Woods boosted their price objective on shares of PJT Partners from $166.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group raised PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 target price for the company in a research note on Wednesday, April 1st. UBS Group boosted their target price on PJT Partners from $160.00 to $162.00 and gave the stock a “neutral” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PJT Partners in a research note on Friday, May 29th. Finally, Zacks Research upgraded PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th.

PJT Partners Stock Up 1.9%

Shares of NYSE:PJT opened at $159.03 on Friday. The firm has a market cap of $4.11 billion, a P/E ratio of 23.18 and a beta of 0.85. PJT Partners has a 12 month low of $127.73 and a 12 month high of $195.62. The company’s 50-day moving average price is $155.93 and its two-hundred day moving average price is $157.18.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. PJT Partners had a net margin of 10.32% and a return on equity of 32.00%. The company had revenue of $418.20 million for the quarter, compared to analyst estimates of $409.38 million. During the same period in the prior year, the business earned $1.05 earnings per share. PJT Partners’s quarterly revenue was up 28.9% on a year-over-year basis. As a group, equities analysts predict that PJT Partners will post 7.5 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. PJT Partners’s dividend payout ratio is presently 14.58%.

Insider Activity

In related news, CFO Helen T. Meates sold 8,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $153.19, for a total value of $1,225,520.00. Following the transaction, the chief financial officer directly owned 58,466 shares in the company, valued at $8,956,406.54. This represents a 12.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel David Adam Travin sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $152.43, for a total transaction of $457,290.00. Following the completion of the transaction, the general counsel directly owned 2,052 shares in the company, valued at approximately $312,786.36. The trade was a 59.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 10.98% 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. First Bank & Trust grew its stake in shares of PJT Partners by 6.1% during the second quarter. First Bank & Trust now owns 4,752 shares of the financial services provider’s stock worth $717,000 after purchasing an additional 275 shares during the period. Balefire LLC acquired a new position in PJT Partners in the second quarter valued at about $220,000. Versant Capital Management Inc boosted its holdings in PJT Partners by 73.3% during the second quarter. Versant Capital Management Inc now owns 234 shares of the financial services provider’s stock worth $35,000 after buying an additional 99 shares during the last quarter. Prospect Capital Advisors LLC boosted its holdings in PJT Partners by 2.3% during the first quarter. Prospect Capital Advisors LLC now owns 98,230 shares of the financial services provider’s stock worth $13,725,000 after buying an additional 2,200 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of PJT Partners by 49.3% during the 1st quarter. Janus Henderson Group PLC now owns 181,980 shares of the financial services provider’s stock worth $25,448,000 after buying an additional 60,062 shares during the period. 89.23% of the stock is currently owned by institutional investors.

About PJT Partners

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.