PJT Partners Inc to Issue Quarterly Dividend of $0.05 (PJT)

PJT Partners Inc (NYSE:PJT) declared a quarterly dividend on Wednesday, February 7th, Zacks reports. Stockholders of record on Wednesday, March 7th will be given a dividend of 0.05 per share by the financial services provider on Wednesday, March 21st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Tuesday, March 6th.

PJT Partners (PJT) traded down $0.12 during mid-day trading on Thursday, hitting $47.63. The stock had a trading volume of 32,460 shares, compared to its average volume of 119,380. The firm has a market cap of $836.78, a P/E ratio of 80.92 and a beta of 0.41. PJT Partners has a one year low of $32.03 and a one year high of $50.35.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.12. The company had revenue of $190.55 million for the quarter. PJT Partners had a negative return on equity of 61.67% and a net margin of 2.41%. equities analysts forecast that PJT Partners will post 1.42 EPS for the current fiscal year.

PJT has been the topic of a number of analyst reports. Zacks Investment Research downgraded PJT Partners from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Buckingham Research initiated coverage on PJT Partners in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $51.00 price target on the stock. Finally, Sandler O’Neill set a $55.00 price target on PJT Partners and gave the company a “buy” rating in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $48.60.

PJT Partners declared that its board has authorized a share buyback plan on Tuesday, October 31st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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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.

Dividend History for PJT Partners (NYSE:PJT)

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