PJT Partners (PJT) Hits New 52-Week High and Low at $58.19

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Shares of PJT Partners Inc (NYSE:PJT) reached a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $58.19 and last traded at $57.82, with a volume of 120436 shares. The stock had previously closed at $56.94.

Several research firms have recently issued reports on PJT. Zacks Investment Research downgraded PJT Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, May 15th. Sandler O’Neill downgraded PJT Partners from a “buy” rating to a “hold” rating and set a $57.00 price target for the company. in a research note on Thursday, April 12th. They noted that the move was a valuation call. ValuEngine upgraded PJT Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Bank of America upped their price target on PJT Partners from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $54.80.

The company has a market capitalization of $1.17 billion, a PE ratio of 37.55 and a beta of 0.30.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Wednesday, May 2nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.18). The company had revenue of $134.04 million for the quarter. PJT Partners had a positive return on equity of 44.79% and a negative net margin of 5.59%. sell-side analysts predict that PJT Partners Inc will post 2.29 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 20th. Stockholders of record on Wednesday, June 6th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, June 5th. This represents a $0.20 annualized dividend and a dividend yield of 0.35%. PJT Partners’s dividend payout ratio (DPR) is presently 12.99%.

In other PJT Partners news, Chairman Paul J. Taubman acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 4th. The stock was acquired at an average price of $51.15 per share, with a total value of $51,150.00. Following the transaction, the chairman now owns 451,000 shares of the company’s stock, valued at $23,068,650. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.01% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of PJT. LPL Financial LLC acquired a new position in shares of PJT Partners during the 1st quarter worth about $204,000. State Board of Administration of Florida Retirement System acquired a new position in shares of PJT Partners during the 1st quarter worth about $222,000. M&T Bank Corp acquired a new position in shares of PJT Partners during the 1st quarter worth about $232,000. Teacher Retirement System of Texas acquired a new position in shares of PJT Partners during the 4th quarter worth about $275,000. Finally, Jane Street Group LLC acquired a new position in shares of PJT Partners during the 1st quarter worth about $330,000. 55.60% of the stock is owned by institutional investors and hedge funds.

About PJT Partners

PJT Partners Inc provides various strategic advisory, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.

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