PJT Partners Inc (PJT) Receives Average Recommendation of “Hold” from Brokerages

Shares of PJT Partners Inc (NYSE:PJT) have received a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $57.00.

A number of equities analysts have recently issued reports on PJT shares. TheStreet upgraded shares of PJT Partners from a “d” rating to a “c” rating in a research note on Monday, September 17th. Zacks Investment Research downgraded shares of PJT Partners from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Bank of America upgraded shares of PJT Partners from a “neutral” rating to a “buy” rating and increased their price objective for the company from $53.00 to $55.00 in a research note on Monday, November 19th. They noted that the move was a valuation call. Finally, Goldman Sachs Group started coverage on shares of PJT Partners in a research note on Tuesday, November 6th. They set a “buy” rating and a $60.00 price objective on the stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in PJT Partners by 1.3% during the third quarter. Vanguard Group Inc. now owns 913,355 shares of the financial services provider’s stock valued at $47,813,000 after acquiring an additional 11,394 shares during the last quarter. Teachers Advisors LLC lifted its position in PJT Partners by 28.6% during the third quarter. Teachers Advisors LLC now owns 47,546 shares of the financial services provider’s stock valued at $2,489,000 after acquiring an additional 10,579 shares during the last quarter. Maltese Capital Management LLC lifted its position in PJT Partners by 21.5% during the third quarter. Maltese Capital Management LLC now owns 170,042 shares of the financial services provider’s stock valued at $8,902,000 after acquiring an additional 30,042 shares during the last quarter. MetLife Investment Advisors LLC lifted its position in PJT Partners by 51.5% during the third quarter. MetLife Investment Advisors LLC now owns 14,136 shares of the financial services provider’s stock valued at $740,000 after acquiring an additional 4,806 shares during the last quarter. Finally, LPL Financial LLC lifted its position in PJT Partners by 53.3% during the third quarter. LPL Financial LLC now owns 6,167 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 2,145 shares during the last quarter. Hedge funds and other institutional investors own 60.59% of the company’s stock.

PJT stock traded down $0.59 during mid-day trading on Monday, reaching $43.61. The company had a trading volume of 91,741 shares, compared to its average volume of 89,884. The company has a market capitalization of $983.54 million, a P/E ratio of 28.32 and a beta of 0.79. PJT Partners has a 12 month low of $40.78 and a 12 month high of $61.18.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, October 30th. The financial services provider reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. The business had revenue of $140.14 million for the quarter. PJT Partners had a negative net margin of 2.98% and a positive return on equity of 19.78%. As a group, analysts expect that PJT Partners will post 2.11 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, December 5th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, December 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.46%. PJT Partners’s dividend payout ratio is presently 12.99%.

PJT Partners Company Profile

PJT Partners Inc provides various strategic advisory, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.

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