PJT Partners (NYSE:PJT) Rating Lowered to “Hold” at Citizens Jmp

Citizens Jmp downgraded shares of PJT Partners (NYSE:PJT) from a strong-buy rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

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

PJT Partners Stock Up 3.3 %

Shares of PJT opened at $161.60 on Monday. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 41.02 and a beta of 0.66. PJT Partners has a 12 month low of $88.51 and a 12 month high of $168.92. The company has a 50-day moving average price of $159.54 and a two-hundred day moving average price of $138.89.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. The company had revenue of $326.30 million during the quarter, compared to analyst estimates of $313.46 million. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The company’s revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the business posted $0.78 earnings per share. Equities research analysts expect that PJT Partners will post 4.4 EPS for the current fiscal year.

PJT Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.62%. PJT Partners’s dividend payout ratio is 25.38%.

Insider Transactions at PJT Partners

In related news, 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 value of $275,568.75. Following the sale, the director now directly owns 9,100 shares of the company’s stock, valued at approximately $1,453,725. The trade was a 15.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James Costos sold 1,500 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $161.41, for a total transaction of $242,115.00. Following the completion of the sale, the director now directly owns 9,360 shares in the company, valued at $1,510,797.60. This represents a 13.81 % 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 valued at $762,980 over the last three months. 11.71% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PJT Partners

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP lifted its position in PJT Partners by 186.3% in the 3rd quarter. Quarry LP now owns 209 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 136 shares in the last quarter. GAMMA Investing LLC lifted its position in PJT Partners by 76.4% in the 3rd quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 146 shares in the last quarter. KBC Group NV increased its stake in PJT Partners by 113.0% in the 3rd quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock valued at $107,000 after buying an additional 426 shares during the last quarter. nVerses Capital LLC acquired a new stake in PJT Partners in the 3rd quarter valued at $213,000. Finally, D.A. Davidson & CO. acquired a new stake in PJT Partners in the 3rd quarter valued at $234,000. 89.23% of the stock is owned by institutional investors.

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.