Keefe, Bruyette & Woods Has Lowered Expectations for PJT Partners (NYSE:PJT) Stock Price

PJT Partners (NYSE:PJT) had its price objective cut by equities researchers at Keefe, Bruyette & Woods from $159.00 to $155.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods‘s price target would suggest a potential upside of 5.35% from the company’s previous close.

PJT has been the topic of several other research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of PJT Partners in a report on Tuesday, October 6th. UBS Group lowered their price objective on PJT Partners from $176.00 to $165.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Wall Street Zen lowered PJT Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Weiss Ratings restated a “hold (c)” rating on shares of PJT Partners in a research report on Wednesday, August 26th. Finally, The Goldman Sachs Group reduced their target price on PJT Partners from $203.00 to $182.00 and set a “buy” rating for the company in a research report on Thursday, October 1st. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $167.67.

PJT Partners Trading Down 4.2%

Shares of PJT Partners stock opened at $147.12 on Wednesday. The company’s 50-day moving average price is $153.05 and its 200-day moving average price is $156.44. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 20.13 and a beta of 0.88. PJT Partners has a 12-month low of $127.73 and a 12-month high of $195.62.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, November 3rd. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.02. PJT Partners had a net margin of 10.57% and a return on equity of 32.66%. The business had revenue of $385.12 million for the quarter, compared to analysts’ expectations of $409.74 million. During the same period in the prior year, the company posted $1.85 EPS. The business’s revenue for the quarter was down 13.8% compared to the same quarter last year. On average, sell-side analysts predict that PJT Partners will post 7.65 earnings per share for the current year.

Insider Buying and Selling at PJT Partners

In other news, Director James Costos sold 1,723 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $175.00, for a total value of $301,525.00. Following the completion of the sale, the director directly owned 11,289 shares in the company, valued at approximately $1,975,575. The trade was a 13.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kievdi Cornwell sold 7,845 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $173.48, for a total transaction of $1,360,950.60. Following the completion of the sale, the director directly owned 18,865 shares of the company’s stock, valued at $3,272,700.20. This trade represents a 29.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,668 shares of company stock worth $1,846,561 over the last ninety days. Insiders own 10.98% of the company’s stock.

Institutional Trading of PJT Partners

Several hedge funds have recently added to or reduced their stakes in PJT. Vise Technologies Inc. raised its holdings in PJT Partners by 3.1% during the 3rd quarter. Vise Technologies Inc. now owns 2,486 shares of the financial services provider’s stock valued at $355,000 after buying an additional 74 shares during the last quarter. Corient Private Wealth LP grew its holdings in PJT Partners by 0.9% in the 2nd quarter. Corient Private Wealth LP now owns 10,116 shares of the financial services provider’s stock worth $1,527,000 after acquiring an additional 90 shares during the last quarter. Covestor Ltd grew its holdings in PJT Partners by 13.8% in the 3rd quarter. Covestor Ltd now owns 740 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 90 shares during the last quarter. Versant Capital Management Inc increased its position in shares of PJT Partners by 73.3% in the second quarter. Versant Capital Management Inc now owns 234 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 99 shares during the period. Finally, Royal Bank of Canada increased its position in shares of PJT Partners by 1.6% in the first quarter. Royal Bank of Canada now owns 7,326 shares of the financial services provider’s stock valued at $1,023,000 after acquiring an additional 118 shares during the period. 89.23% of the stock is owned by institutional investors.

PJT Partners News Roundup

Here are the key news stories impacting PJT Partners this week:

• Positive Sentiment: Third-quarter EPS was $1.41, slightly above the $1.39 consensus cited by MarketBeat. PJT also described its first nine months of 2026 as record-setting, providing a counterpoint to the quarterly slowdown. MarketBeat earnings report Company results release
• Neutral Sentiment: PJT declared a quarterly dividend of $0.25 per share, or $1.00 annualized, representing a yield of about 0.7%. The dividend offers a modest shareholder return but is unlikely by itself to materially change the investment outlook. Dividend and Q3 coverage
• Negative Sentiment: Revenue was $385.1 million, below analyst estimates of about $409.7 million and down 13.8% year over year. EPS also fell from $1.85 a year earlier; another consensus source put the $1.41 result below its $1.44 estimate, illustrating that estimates varied. Q3 earnings analysis Zacks earnings report
• Negative Sentiment: Coverage attributed the weaker quarter to delayed deal completions and a cautious M&A environment—factors that may continue to weigh on advisory revenue if transactions take longer to close. Analysis of deal delays and M&A conditions

About PJT Partners

PJT Partners Inc (NYSE:PJT) is a global, advisory-focused investment banking and financial services firm. The company provides strategic advice to corporations, financial sponsors, institutional investors and other clients on mergers and acquisitions, divestitures, capital raising, liability management and other complex financial matters.

Its businesses also include restructuring and special situations advisory, private capital advisory and placement services, and shareholder engagement and governance advice.