Q4 EPS Estimates for PJT Partners Cut by Seaport Res Ptn

PJT Partners Inc. (NYSE:PJT) – Stock analysts at Seaport Res Ptn cut their Q4 2024 EPS estimates for shares of PJT Partners in a research note issued to investors on Monday, January 13th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will earn $1.11 per share for the quarter, down from their prior estimate of $1.30. The consensus estimate for PJT Partners’ current full-year earnings is $4.40 per share. Seaport Res Ptn also issued estimates for PJT Partners’ Q2 2025 earnings at $1.27 EPS and Q4 2025 earnings at $1.82 EPS.

A number of other brokerages have also weighed in on PJT. Citizens Jmp lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday. UBS Group upgraded shares of PJT Partners from a “sell” rating to a “neutral” rating and lifted their target price for the company from $130.00 to $175.00 in a research report on Friday, December 6th. JMP Securities lowered shares of PJT Partners from an “outperform” rating to a “market perform” rating in a report on Monday. Finally, Keefe, Bruyette & Woods decreased their price target on shares of PJT Partners from $159.00 to $152.00 and set a “market perform” rating on the stock in a report on Monday. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $152.25.

PJT Partners Price Performance

Shares of PJT stock opened at $156.65 on Tuesday. PJT Partners has a one year low of $88.51 and a one year high of $168.92. The firm has a 50-day moving average of $159.58 and a 200-day moving average of $138.73. The company has a market cap of $3.71 billion, a P/E ratio of 39.76 and a beta of 0.66.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The company had revenue of $326.30 million during the quarter, compared to the consensus estimate of $313.46 million. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 earnings per share.

Institutional Trading of PJT Partners

Large investors have recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new position in PJT Partners in the second quarter worth about $13,803,000. Congress Asset Management Co. increased its position in shares of PJT Partners by 29.6% during the 3rd quarter. Congress Asset Management Co. now owns 317,974 shares of the financial services provider’s stock valued at $42,399,000 after purchasing an additional 72,582 shares during the last quarter. State Street Corp boosted its holdings in shares of PJT Partners by 5.7% in the third quarter. State Street Corp now owns 1,001,911 shares of the financial services provider’s stock worth $133,595,000 after buying an additional 54,071 shares during the last quarter. Marshall Wace LLP purchased a new stake in PJT Partners during the second quarter valued at approximately $5,801,000. Finally, Geode Capital Management LLC boosted its stake in shares of PJT Partners by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider’s stock worth $82,556,000 after acquiring an additional 45,327 shares during the last quarter. Institutional investors own 89.23% of the company’s stock.

Insider Activity

In other PJT Partners news, General Counsel David Adam Travin sold 1,541 shares of PJT Partners stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $159.18, for a total value of $245,296.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth C. Whitney sold 1,725 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total transaction of $275,568.75. Following the sale, the director now owns 9,100 shares of the company’s stock, valued at approximately $1,453,725. This represents a 15.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,766 shares of company stock worth $762,980 over the last 90 days. 11.71% of the stock is currently owned by insiders.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were paid a $0.25 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.64%. PJT Partners’s dividend payout ratio is presently 25.38%.

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.