PJT Partners Inc. (NYSE:PJT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of PJT Partners Inc. (NYSE:PJT) have earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $187.75.

Several equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PJT Partners in a research report on Wednesday, October 8th. BMO Capital Markets assumed coverage on PJT Partners in a report on Friday, October 3rd. They set an “outperform” rating and a $205.00 target price on the stock. UBS Group assumed coverage on PJT Partners in a report on Thursday, December 11th. They issued a “neutral” rating and a $180.00 price target for the company. Wall Street Zen raised shares of PJT Partners from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Zacks Research upgraded shares of PJT Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th.

PJT Partners Trading Down 0.1%

Shares of NYSE PJT opened at $167.96 on Wednesday. PJT Partners has a 12 month low of $119.76 and a 12 month high of $190.27. The company has a 50 day simple moving average of $170.38 and a two-hundred day simple moving average of $173.35. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 25.84 and a beta of 0.85.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.61. PJT Partners had a net margin of 10.75% and a return on equity of 29.66%. The firm had revenue of $447.09 million for the quarter, compared to analyst estimates of $386.76 million. Analysts forecast that PJT Partners will post 6.2 EPS for the current year.

PJT Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were given a $0.25 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. PJT Partners’s dividend payout ratio is 15.38%.

Hedge Funds Weigh In On PJT Partners

Several institutional investors and hedge funds have recently modified their holdings of PJT. PNC Financial Services Group Inc. boosted its position in PJT Partners by 72.5% during the first quarter. PNC Financial Services Group Inc. now owns 892 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 375 shares in the last quarter. Nuveen LLC acquired a new position in shares of PJT Partners during the 1st quarter worth approximately $12,587,000. HighTower Advisors LLC raised its stake in shares of PJT Partners by 1.6% during the 1st quarter. HighTower Advisors LLC now owns 6,166 shares of the financial services provider’s stock worth $850,000 after buying an additional 96 shares during the period. Russell Investments Group Ltd. lifted its position in shares of PJT Partners by 1,082.8% during the 1st quarter. Russell Investments Group Ltd. now owns 686 shares of the financial services provider’s stock valued at $95,000 after buying an additional 628 shares in the last quarter. Finally, Aberdeen Group plc lifted its position in shares of PJT Partners by 17.7% during the 1st quarter. Aberdeen Group plc now owns 114,849 shares of the financial services provider’s stock valued at $15,835,000 after buying an additional 17,261 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 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.