2 weeks Ago By ABMN Staff
Shares of PJT Partners Inc. ( NYSE:PJT – Get Free Report ) have been assigned an average recommendation of “Reduce” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company.
The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $116.80. PJT has been the subject of several research reports.
The Goldman Sachs Group upped their price objective on shares of PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st.
UBS Group upped their price target on PJT Partners from $85.00 to $93.00 and gave the company a “sell” rating in a research report on Tuesday, July 9th.
JMP Securities lifted their price objective on PJT Partners from $120.00 to $142.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 31st.
Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $128.00 target price (up from $108.00) on shares of PJT Partners in a report on Wednesday, July 31st.
Get Our Latest Analysis on PJT Partners Insider Activity Hedge Funds Weigh In On PJT Partners Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of PJT Partners by 0.
7% during the first quarter. Vanguard Group Inc. now owns 2,447,154 shares of the financial services provider’s stock worth $230,669,000 after purchasing an additional 17,463 shares in the last quarter.
Dimensional Fund Advisors LP lifted its holdings in PJT Partners by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 458,216 shares of the financial services provider’s stock worth $49,446,000 after buying an additional 22,117 shares in the last quarter.
Champlain Investment Partners LLC purchased a new position in PJT Partners in the 1st quarter valued at approximately $43,029,000. Klingman & Associates LLC grew its stake in shares of PJT Partners by 5.2% in the first quarter.
Klingman & Associates LLC now owns 157,056 shares of the financial services provider’s stock worth $14,804,000 after acquiring an additional 7,754 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of PJT Partners by 5.
5% in the first quarter. Principal Financial Group Inc. now owns 137,016 shares of the financial services provider’s stock worth $12,915,000 after acquiring an additional 7,144 shares in the last quarter.
89.23% of the stock is currently owned by hedge funds and other institutional investors. PJT Partners Price Performance NYSE PJT opened at $133.
81 on Monday. PJT Partners has a 1-year low of $71.47 and a 1-year high of $137.
19. The company has a market cap of $3.18 billion, a PE ratio of 36.
86 and a beta of 0.61. The stock’s 50 day simple moving average is $124.
46 and its 200-day simple moving average is $109.76. PJT Partners ( NYSE:PJT – Get Free Report ) last announced its earnings results on Tuesday, July 30th.
The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.
49. The company had revenue of $360.00 million for the quarter, compared to analysts’ expectations of $281.
93 million. PJT Partners had a net margin of 7.96% and a return on equity of 18.
04%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis.
During the same quarter in the previous year, the company posted $0.99 EPS. On average, equities research analysts anticipate that PJT Partners will post 4.
35 EPS for the current fiscal year. PJT Partners Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.
25 per share. The ex-dividend date was Wednesday, September 4th. This represents a $1.
00 annualized dividend and a yield of 0.75%. PJT Partners’s dividend payout ratio (DPR) is 27.
55%. PJT Partners Company Profile ( Get Free Report 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.
See Also Receive News & Ratings for PJT Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PJT Partners and related companies with MarketBeat.com's FREE daily email newsletter ..
