Analysts Set PJT Partners Inc. (NYSE:PJT) Target Price at $99.80

PJT Partners Inc. (NYSE:PJT) has been assigned a consensus rating of “Reduce” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $99.80.

PJT has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their price target on shares of PJT Partners from $99.00 to $108.00 and gave the company a “market perform” rating in a research note on Friday, July 12th. UBS Group increased their target price on PJT Partners from $85.00 to $93.00 and gave the stock a “sell” rating in a research report on Tuesday, July 9th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $110.00 price target on shares of PJT Partners in a research report on Tuesday, April 9th.

PJT Partners Price Performance

Shares of NYSE:PJT opened at $121.93 on Wednesday. PJT Partners has a 1 year low of $71.47 and a 1 year high of $123.57. The company has a market capitalization of $2.93 billion, a PE ratio of 33.59 and a beta of 0.62. The business has a fifty day moving average price of $107.64 and a two-hundred day moving average price of $101.04.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.53. The firm had revenue of $329.39 million for the quarter, compared to analysts’ expectations of $229.32 million. PJT Partners had a return on equity of 17.36% and a net margin of 7.57%. The business’s revenue for the quarter was up 64.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 EPS. Sell-side analysts anticipate that PJT Partners will post 4 earnings per share for the current year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.82%. PJT Partners’s payout ratio is currently 27.55%.

Institutional Investors Weigh In On PJT Partners

Several hedge funds have recently bought and sold shares of the stock. Amplius Wealth Advisors LLC purchased a new position in shares of PJT Partners in the 4th quarter worth about $247,000. State of Alaska Department of Revenue purchased a new stake in PJT Partners in the fourth quarter worth approximately $1,397,000. AlphaMark Advisors LLC bought a new position in PJT Partners during the fourth quarter valued at approximately $316,000. International Assets Investment Management LLC raised its stake in shares of PJT Partners by 6,245.9% during the fourth quarter. International Assets Investment Management LLC now owns 7,742 shares of the financial services provider’s stock worth $789,000 after acquiring an additional 7,620 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of PJT Partners by 366.5% in the 4th quarter. New York State Teachers Retirement System now owns 9,745 shares of the financial services provider’s stock worth $993,000 after acquiring an additional 7,656 shares during the last quarter. 89.23% of the stock is currently 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.