PJT Partners (NYSE:PJT) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

PJT Partners (NYSE:PJT) had its price objective increased by Keefe, Bruyette & Woods from $152.00 to $177.00 in a report released on Wednesday morning,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Several other equities analysts have also weighed in on the stock. JMP Securities lowered shares of PJT Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 13th. UBS Group raised 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 report on Friday, December 6th. Finally, Citizens Jmp lowered shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, PJT Partners currently has an average rating of “Hold” and an average price target of $158.50.

PJT Partners Trading Down 1.9 %

Shares of NYSE PJT opened at $173.54 on Wednesday. PJT Partners has a 12 month low of $88.51 and a 12 month high of $190.27. The company has a 50 day simple moving average of $161.06 and a two-hundred day simple moving average of $144.51. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 44.05 and a beta of 0.67.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.19 by $0.71. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The business had revenue of $477.30 million during the quarter, compared to analysts’ expectations of $384.64 million. During the same period in the previous year, the business posted $0.96 EPS. The business’s quarterly revenue was up 45.3% compared to the same quarter last year. Analysts forecast that PJT Partners will post 4.2 EPS for the current year.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, March 5th. PJT Partners’s payout ratio is presently 20.41%.

Insider Buying and Selling

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 completion of the sale, the director now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.71% of the stock is owned by insiders.

Institutional Investors Weigh In On PJT Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC grew its holdings in shares of PJT Partners by 2.9% during the fourth quarter. Sanctuary Advisors LLC now owns 2,274 shares of the financial services provider’s stock worth $375,000 after buying an additional 65 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of PJT Partners by 2.2% during the third quarter. Captrust Financial Advisors now owns 3,149 shares of the financial services provider’s stock worth $420,000 after buying an additional 67 shares in the last quarter. M&T Bank Corp grew its holdings in shares of PJT Partners by 3.5% during the third quarter. M&T Bank Corp now owns 2,220 shares of the financial services provider’s stock worth $296,000 after buying an additional 75 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of PJT Partners by 0.9% during the third quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider’s stock worth $1,425,000 after buying an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of PJT Partners by 32.3% during the fourth quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock worth $70,000 after buying an additional 109 shares in the last quarter. Hedge funds and other 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.