PJT Partners (NYSE:PJT – Get Free Report) had its price objective raised by analysts at JMP Securities from $142.00 to $150.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ price objective would suggest a potential upside of 7.01% from the stock’s current price.
A number of other research firms have also recently issued reports on PJT. UBS Group increased their price target on PJT Partners from $110.00 to $120.00 and gave the stock a “sell” rating in a report on Tuesday. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $128.00 target price (up from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group raised their price target on shares of PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $123.80.
View Our Latest Research Report on PJT
PJT Partners Stock Down 1.1 %
PJT Partners (NYSE:PJT – Get Free Report) last announced its earnings results 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. The business had revenue of $360.00 million for the quarter, compared to analysts’ expectations of $281.93 million. PJT Partners had a return on equity of 18.04% and a net margin of 7.96%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. On average, equities research analysts expect that PJT Partners will post 4.35 EPS for the current year.
Insider Activity at PJT Partners
In other PJT Partners news, Director Kievdi Don Cornwell sold 11,586 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $123.49, for a total transaction of $1,430,755.14. Following the completion of the sale, the director now owns 8,339 shares in the company, valued at approximately $1,029,783.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other PJT Partners news, Director Kievdi Don Cornwell sold 11,586 shares of PJT Partners stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $123.49, for a total transaction of $1,430,755.14. Following the completion of the transaction, the director now owns 8,339 shares in the company, valued at approximately $1,029,783.11. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Emily K. Rafferty sold 1,696 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 7,404 shares of the company’s stock, valued at $968,369.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,297 shares of company stock valued at $3,092,668. 11.71% of the stock is owned by company insiders.
Institutional Investors Weigh In On PJT Partners
Several institutional investors have recently bought and sold shares of the stock. Champlain Investment Partners LLC purchased a new position in PJT Partners during the 1st quarter worth $43,029,000. Vanguard Group Inc. boosted its holdings in PJT Partners by 15.0% during the fourth 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 during the last quarter. Point72 Asset Management L.P. bought a new stake in PJT Partners in the 2nd quarter worth about $13,803,000. Marshall Wace LLP purchased a new stake in PJT Partners in the 2nd quarter valued at about $5,801,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake 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 buying an additional 22,556 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.
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