Shares of PJT Partners Inc. (NYSE:PJT) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Brokers have set a 1-year consensus target price of $45.00 for the company and are expecting that the company will post $0.73 EPS for the current quarter, according to Zacks. Zacks has also given PJT Partners an industry rank of 190 out of 265 based on the ratings given to its competitors.

A number of equities analysts have recently issued reports on PJT shares. Zacks Investment Research downgraded PJT Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub upgraded PJT Partners from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Finally, JMP Securities started coverage on PJT Partners in a research note on Monday, September 18th. They issued an “outperform” rating and a $45.00 price target on the stock.

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In other news, Director Dennis S. Hersch purchased 2,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were purchased at an average cost of $38.45 per share, for a total transaction of $76,900.00. Following the purchase, the director now directly owns 18,000 shares in the company, valued at approximately $692,100. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in PJT Partners by 6.4% during the second quarter. Vanguard Group Inc. now owns 697,533 shares of the financial services provider’s stock valued at $28,055,000 after purchasing an additional 41,741 shares in the last quarter. FMR LLC lifted its position in PJT Partners by 41.1% during the second quarter. FMR LLC now owns 514,349 shares of the financial services provider’s stock valued at $20,687,000 after purchasing an additional 149,881 shares in the last quarter. Renaissance Technologies LLC lifted its position in PJT Partners by 33.6% during the second quarter. Renaissance Technologies LLC now owns 503,900 shares of the financial services provider’s stock valued at $20,267,000 after purchasing an additional 126,700 shares in the last quarter. State Street Corp lifted its position in PJT Partners by 11.1% during the second quarter. State Street Corp now owns 349,633 shares of the financial services provider’s stock valued at $14,061,000 after purchasing an additional 34,957 shares in the last quarter. Finally, Northern Trust Corp lifted its position in PJT Partners by 3.7% during the second quarter. Northern Trust Corp now owns 203,529 shares of the financial services provider’s stock valued at $8,186,000 after purchasing an additional 7,237 shares in the last quarter. Institutional investors own 59.10% of the company’s stock.

PJT Partners (NYSE:PJT) traded up $0.42 during trading hours on Friday, reaching $38.20. 45,242 shares of the company’s stock traded hands, compared to its average volume of 89,662. The stock has a market capitalization of $1.31 billion and a price-to-earnings ratio of 27.46. PJT Partners has a one year low of $26.84 and a one year high of $45.38.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.07). The firm had revenue of $109.31 million during the quarter. PJT Partners had a negative return on equity of 75.04% and a net margin of 2.41%. equities research analysts anticipate that PJT Partners will post 1.48 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. PJT Partners’s dividend payout ratio (DPR) is currently 33.33%.

PJT Partners declared that its board has initiated a share buyback program on Tuesday, October 31st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

PJT Partners Company Profile

PJT Partners Inc is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.

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