PJT Partners Inc. (NYSE:PJT) Receives $116.80 Average Target Price from Brokerages

05 Oct 2024, 14:14 by Mitch Edgeman · The Markets Daily

PJT Partners Inc. (NYSE:PJT – Get Free Report) has been given a consensus rating of “Reduce” by the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $116.80.

PJT has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $128.00 price target (up from $108.00) on shares of PJT Partners in a report on Wednesday, July 31st. UBS Group upped their price target on PJT Partners from $85.00 to $93.00 and gave the stock a “sell” rating in a research note on Tuesday, July 9th. JMP Securities upped their price target on PJT Partners from $120.00 to $142.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group increased their price objective on PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st.

Read Our Latest Analysis on PJT Partners

PJT Partners Price Performance

NYSE PJT opened at $137.39 on Monday. The company has a market cap of $3.27 billion, a P/E ratio of 37.85 and a beta of 0.61. The stock has a 50-day moving average of $125.63 and a two-hundred day moving average of $110.95. PJT Partners has a 1-year low of $71.47 and a 1-year high of $137.50.

PJT Partners (NYSE:PJT – Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.49. The business had revenue of $360.00 million during the quarter, compared to the consensus estimate of $281.93 million. PJT Partners had a return on equity of 18.04% and a net margin of 7.96%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share. On average, analysts anticipate that PJT Partners will post 4.35 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.73%. The ex-dividend date was Wednesday, September 4th. PJT Partners’s dividend payout ratio (DPR) is 27.55%.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, insider Ji-Yeun Lee sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $118.85, for a total value of $1,188,500.00. Following the sale, the insider now owns 61,433 shares of the company’s stock, valued at approximately $7,301,312.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Ji-Yeun Lee sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $118.85, for a total transaction of $1,188,500.00. Following the sale, the insider now owns 61,433 shares of the company’s stock, valued at $7,301,312.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Grace Reksten Skaugen sold 2,015 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $124.86, for a total value of $251,592.90. Following the sale, the director now directly owns 500 shares in the company, valued at approximately $62,430. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,297 shares of company stock valued at $3,092,668. Insiders own 10.67% of the company’s stock.

Institutional Trading of PJT Partners

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of PJT Partners by 0.7% in the 1st 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 during the period. Dimensional Fund Advisors LP grew its stake 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 valued at $49,446,000 after purchasing an additional 22,117 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in PJT Partners during the 1st quarter valued at approximately $43,029,000. Klingman & Associates LLC grew its position in shares of PJT Partners by 5.2% in the 1st 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 position in shares of PJT Partners by 5.5% in the 1st 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 owned by institutional investors and hedge funds.

PJT Partners Company Profile

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