Analysts Set PJT Partners Inc. (NYSE:PJT) Price Target at $93.25

Shares of PJT Partners Inc. (NYSE:PJT) have been assigned an average rating of “Reduce” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $93.25.

A number of brokerages have recently weighed in on PJT. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 target price on shares of PJT Partners in a research note on Tuesday, April 9th. The Goldman Sachs Group reissued a “neutral” rating and set a $99.00 price objective (down previously from $108.00) on shares of PJT Partners in a research report on Tuesday, January 9th. Finally, UBS Group restated a “sell” rating and set a $75.00 target price (down previously from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th.

PJT Partners Stock Up 1.1 %

Shares of NYSE:PJT opened at $99.53 on Friday. The company’s fifty day moving average is $96.57 and its 200 day moving average is $94.02. PJT Partners has a 52 week low of $59.61 and a 52 week high of $107.35. The stock has a market cap of $2.38 billion, a PE ratio of 27.42 and a beta of 0.67.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.53. PJT Partners had a net margin of 7.57% and a return on equity of 17.44%. The firm had revenue of $329.39 million for the quarter, compared to analysts’ expectations of $229.32 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. The company’s revenue for the quarter was up 64.7% compared to the same quarter last year. Sell-side analysts anticipate that PJT Partners will post 4 EPS for the current year.

PJT Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Wednesday, June 5th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, June 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.00%. PJT Partners’s dividend payout ratio (DPR) is presently 27.55%.

Insiders Place Their Bets

In other news, General Counsel David Adam Travin sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $93.21, for a total value of $466,050.00. Following the transaction, the general counsel now owns 1,541 shares of the company’s stock, valued at $143,636.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Helen T. Meates sold 12,926 shares of PJT Partners stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $105.51, for a total transaction of $1,363,822.26. Following the sale, the chief financial officer now owns 48,821 shares of the company’s stock, valued at approximately $5,151,103.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel David Adam Travin sold 5,000 shares of PJT Partners stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $93.21, for a total value of $466,050.00. Following the completion of the sale, the general counsel now directly owns 1,541 shares in the company, valued at approximately $143,636.61. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,926 shares of company stock valued at $2,875,672. Insiders own 10.67% of the company’s stock.

Institutional Trading of PJT Partners

Large investors have recently added to or reduced their stakes in the company. Walleye Trading LLC increased its position in shares of PJT Partners by 1.2% during the 3rd quarter. Walleye Trading LLC now owns 11,271 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 136 shares during the last quarter. Parallel Advisors LLC grew its position in PJT Partners by 5.0% in the 4th quarter. Parallel Advisors LLC now owns 3,897 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 184 shares during the last quarter. Prospector Partners LLC grew its position in PJT Partners by 0.4% in the 3rd quarter. Prospector Partners LLC now owns 59,850 shares of the financial services provider’s stock valued at $4,754,000 after acquiring an additional 250 shares during the last quarter. Intrust Bank NA grew its position in PJT Partners by 8.6% in the 4th quarter. Intrust Bank NA now owns 3,186 shares of the financial services provider’s stock valued at $325,000 after acquiring an additional 251 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC grew its position in PJT Partners by 2.7% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 10,263 shares of the financial services provider’s stock valued at $815,000 after acquiring an additional 267 shares during the last quarter. Institutional investors own 89.23% of the company’s stock.

About PJT Partners

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.