PJT Partners Inc. (NYSE:PJT) Receives Average Recommendation of “Reduce” from Analysts

Shares of PJT Partners Inc. (NYSE:PJT) have been given a consensus recommendation of “Reduce” by the five brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $93.25.

PJT has been the topic of several analyst reports. JMP Securities reiterated a “market outperform” rating and set a $110.00 price target on shares of PJT Partners in a report on Tuesday, April 9th. UBS Group reaffirmed a “sell” rating and set a $75.00 price objective (down from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th.

PJT Partners Trading Up 0.6 %

PJT Partners stock opened at $107.88 on Friday. PJT Partners has a 1-year low of $67.06 and a 1-year high of $109.53. The firm’s fifty day simple moving average is $102.51 and its 200-day simple moving average is $99.53. The company has a market capitalization of $2.59 billion, a P/E ratio of 29.72 and a beta of 0.64.

PJT Partners (NYSE:PJT) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.53. The company had revenue of $329.39 million for the quarter, compared to analyst estimates of $229.32 million. PJT Partners had a return on equity of 17.36% and a net margin of 7.57%. The business’s revenue was up 64.7% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. On average, equities research analysts predict that PJT Partners will post 4 earnings per share for the current year.

PJT Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th were given a $0.25 dividend. The ex-dividend date was Wednesday, June 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. PJT Partners’s dividend payout ratio is 27.55%.

Institutional Trading of PJT Partners

Several hedge funds and other institutional investors have recently bought and sold shares of PJT. Fidelis Capital Partners LLC acquired a new position in shares of PJT Partners during the first quarter valued at about $39,000. EntryPoint Capital LLC raised its holdings in PJT Partners by 27.6% in the 1st quarter. EntryPoint Capital LLC now owns 1,662 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 359 shares in the last quarter. Shell Asset Management Co. lifted its position in shares of PJT Partners by 41.0% in the 1st quarter. Shell Asset Management Co. now owns 2,074 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 603 shares during the period. M&T Bank Corp acquired a new stake in shares of PJT Partners during the 4th quarter worth approximately $217,000. Finally, Cerity Partners LLC bought a new stake in shares of PJT Partners during the fourth quarter valued at approximately $219,000. 89.23% of the stock is currently owned by institutional investors and hedge funds.

About PJT Partners

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.