Brokerages Set PJT Partners Inc. (NYSE:PJT) PT at $177.50

Shares of PJT Partners Inc. (NYSE:PJT) have earned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $177.50.

Several equities analysts have issued reports on PJT shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PJT Partners in a report on Wednesday. UBS Group reiterated a “neutral” rating and set a $176.00 price objective on shares of PJT Partners in a report on Wednesday, July 29th. Keefe, Bruyette & Woods raised their price objective on PJT Partners from $185.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. BMO Capital Markets boosted their price target on PJT Partners from $183.00 to $194.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, Zacks Research upgraded shares of PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th.

Insider Activity at PJT Partners

In other PJT Partners news, Director James Costos sold 1,723 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $175.00, for a total value of $301,525.00. Following the completion of the transaction, the director owned 11,289 shares of the company’s stock, valued at approximately $1,975,575. This trade represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Grace Reksten Skaugen sold 1,283 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $167.67, for a total transaction of $215,120.61. Following the completion of the transaction, the director directly owned 500 shares of the company’s stock, valued at approximately $83,835. This represents a 71.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,951 shares of company stock worth $2,061,681 in the last quarter. 10.98% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PJT Partners

Hedge funds have recently made changes to their positions in the company. Compass Financial Management LLC acquired a new stake in PJT Partners during the 2nd quarter worth about $32,000. Versant Capital Management Inc grew its stake in PJT Partners by 73.3% during the 2nd quarter. Versant Capital Management Inc now owns 234 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 99 shares during the last quarter. Allworth Financial LP grew its stake in PJT Partners by 85.8% during the 4th quarter. Allworth Financial LP now owns 288 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 133 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of PJT Partners in the first quarter valued at about $50,000. Finally, State of Wyoming acquired a new position in shares of PJT Partners in the second quarter valued at about $63,000. 89.23% of the stock is owned by institutional investors and hedge funds.

PJT Partners Stock Performance

NYSE:PJT opened at $183.02 on Monday. PJT Partners has a fifty-two week low of $127.73 and a fifty-two week high of $195.62. The stock has a market capitalization of $4.68 billion, a P/E ratio of 25.04 and a beta of 0.83. The company’s 50-day simple moving average is $166.55 and its 200-day simple moving average is $155.82.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.40. PJT Partners had a net margin of 10.57% and a return on equity of 32.66%. The firm had revenue of $486.29 million for the quarter, compared to the consensus estimate of $425.28 million. During the same quarter in the previous year, the firm earned $1.54 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, research analysts forecast that PJT Partners will post 8 EPS for the current year.

PJT Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be paid a $0.25 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. PJT Partners’s dividend payout ratio (DPR) is 13.68%.

PJT Partners Company Profile

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.