PJT Partners Inc. (NYSE:PJT – Get Free Report) has been given an average rating of “Hold” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong purchase rating to the company. The average 12-month tarobtain price among analysts that have covered the stock in the last year is $180.60.
A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of PJT Partners in a report on Wednesday, October 8th. Evercore ISI set a $180.00 price tarobtain on shares of PJT Partners in a research report on Monday, October 13th. UBS Group started coverage on shares of PJT Partners in a report on Thursday, December 11th. They issued a “neutral” rating and a $180.00 price objective on the stock. Wolfe Research reaffirmed an “underperform” rating and set a $150.00 tarobtain price on shares of PJT Partners in a research note on Wednesday. Finally, BMO Capital Markets started coverage on PJT Partners in a research report on Friday, October 3rd. They issued an “outperform” rating and a $205.00 price tarobtain on the stock.
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PJT Partners Price Performance
PJT stock opened at $179.67 on Friday. PJT Partners has a 1 year low of $119.76 and a 1 year high of $190.27. The firm has a 50-day shifting average of $169.73 and a 200 day shifting average of $175.15. The company has a market cap of $4.37 billion, a P/E ratio of 27.64 and a beta of 0.84.
PJT Partners (NYSE:PJT – Get Free Report) last posted its earnings results on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.61. The firm had revenue of $447.09 million for the quarter, compared to the consensus estimate of $386.76 million. PJT Partners had a return on equity of 29.66% and a net margin of 10.75%. On average, equities research analysts expect that PJT Partners will post 6.2 earnings per share for the current fiscal year.
PJT Partners Announces Dividfinish
The business also recently declared a quarterly dividfinish, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were issued a dividfinish of $0.25 per share. The ex-dividfinish date was Wednesday, December 3rd. This represents a $1.00 annualized dividfinish and a dividfinish yield of 0.6%. PJT Partners’s dividfinish payout ratio (DPR) is presently 15.38%.
Hedge Funds Weigh In On PJT Partners
Hedge funds have recently bought and sold shares of the company. Congress Asset Management Co. raised its holdings in PJT Partners by 9.9% in the fourth quarter. Congress Asset Management Co. now owns 583,926 shares of the financial services provider’s stock worth $97,632,000 after purchaseing an additional 52,548 shares during the last quarter. SG Americas Securities LLC raised its holdings in PJT Partners by 199.3% in the 4th quarter. SG Americas Securities LLC now owns 9,775 shares of the financial services provider’s stock worth $1,634,000 after acquiring an additional 6,509 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in PJT Partners by 7.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,076 shares of the financial services provider’s stock worth $377,000 after acquiring an additional 148 shares during the last quarter. JPMorgan Chase & Co. lifted its position in PJT Partners by 28.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 110,454 shares of the financial services provider’s stock valued at $19,631,000 after acquiring an additional 24,502 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in PJT Partners during the 3rd quarter valued at $436,000. Institutional investors own 89.23% of the company’s stock.
PJT Partners Company Profile
PJT Partners is a global advisory-focutilized investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.
The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industest expertise and global reach.
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