Keefe, Bruyette & Woods Issues Positive Forecast for PJT Partners (NYSE:PJT) Stock Price

PJT Partners (NYSE:PJT) had its price objective boosted by equities researchers at Keefe, Bruyette & Woods from $152.00 to $177.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential downside of 0.06% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. JMP Securities downgraded PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. UBS Group raised PJT Partners from a “sell” rating to a “neutral” rating and raised their price target for the stock from $130.00 to $175.00 in a research report on Friday, December 6th. Finally, Citizens Jmp lowered PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $158.50.

PJT Partners Price Performance

PJT Partners stock opened at $177.10 on Wednesday. The stock’s 50 day moving average price is $160.83 and its 200 day moving average price is $144.28. PJT Partners has a 1-year low of $88.51 and a 1-year high of $190.27. The company has a market cap of $4.20 billion, a PE ratio of 44.95 and a beta of 0.67.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.19 by $0.71. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The firm had revenue of $477.30 million during the quarter, compared to analysts’ expectations of $384.64 million. During the same quarter last year, the business earned $0.96 earnings per share. The business’s revenue for the quarter was up 45.3% compared to the same quarter last year. On average, equities research analysts anticipate that PJT Partners will post 4.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kenneth C. Whitney sold 1,725 shares of PJT Partners stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $159.75, for a total value of $275,568.75. Following the transaction, the director now directly owns 9,100 shares of the company’s stock, valued at $1,453,725. The trade was a 15.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 11.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Inceptionr LLC increased its holdings in PJT Partners by 222.2% in the 4th quarter. Inceptionr LLC now owns 7,192 shares of the financial services provider’s stock valued at $1,135,000 after purchasing an additional 4,960 shares in the last quarter. Raymond James Financial Inc. acquired a new position in PJT Partners during the 4th quarter worth approximately $89,192,000. Atria Investments Inc boosted its holdings in PJT Partners by 5.0% in the 4th quarter. Atria Investments Inc now owns 2,692 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 129 shares during the period. Cookson Peirce & Co. Inc. acquired a new stake in PJT Partners in the fourth quarter valued at approximately $2,203,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of PJT Partners by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 255,263 shares of the financial services provider’s stock valued at $40,283,000 after purchasing an additional 3,173 shares during the period. Hedge funds and other institutional investors own 89.23% of the company’s stock.

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.