PJT Partners Inc. (NYSE:PJT) Receives $179.50 Consensus PT from Brokerages

Shares of PJT Partners Inc. (NYSE:PJT) have received an average recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $179.50.

A number of research firms have weighed in on PJT. The Goldman Sachs Group decreased their price target on shares of PJT Partners from $197.00 to $174.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Zacks Research cut shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. UBS Group began coverage on shares of PJT Partners in a report on Thursday, December 11th. They set a “neutral” rating and a $180.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of PJT Partners in a research report on Thursday, January 22nd. Finally, Wall Street Zen cut shares of PJT Partners from a “buy” rating to a “hold” rating in a research note on Saturday.

Hedge Funds Weigh In On PJT Partners

A number of hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP bought a new position in PJT Partners during the 3rd quarter valued at about $68,604,000. Invesco Ltd. increased its holdings in shares of PJT Partners by 106.7% during the second quarter. Invesco Ltd. now owns 520,056 shares of the financial services provider’s stock worth $85,814,000 after buying an additional 268,435 shares in the last quarter. Azora Capital LP bought a new position in shares of PJT Partners in the third quarter valued at approximately $40,061,000. Bessemer Group Inc. boosted its holdings in shares of PJT Partners by 1,446.5% in the 4th quarter. Bessemer Group Inc. now owns 115,000 shares of the financial services provider’s stock worth $19,229,000 after acquiring an additional 107,564 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in PJT Partners by 390.1% during the 3rd quarter. Two Sigma Investments LP now owns 84,936 shares of the financial services provider’s stock worth $15,096,000 after acquiring an additional 67,606 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Stock Down 1.3%

PJT Partners stock opened at $144.10 on Monday. The business has a 50 day moving average price of $166.70 and a two-hundred day moving average price of $171.61. PJT Partners has a 12 month low of $119.76 and a 12 month high of $195.62. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 21.70 and a beta of 0.85.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.14. The company had revenue of $535.16 million for the quarter, compared to analyst estimates of $533.32 million. PJT Partners had a return on equity of 31.69% and a net margin of 10.51%.PJT Partners’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.90 EPS. On average, analysts expect that PJT Partners will post 6.2 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 4th. PJT Partners’s payout ratio is presently 15.06%.

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.