Analysts Set PJT Partners Inc. (NYSE:PJT) PT at $179.50

Shares of PJT Partners Inc. (NYSE:PJT) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $179.50.

A number of research firms recently issued reports on PJT. UBS Group began coverage on PJT Partners in a report on Thursday, December 11th. They set a “neutral” rating and a $180.00 price target on the stock. The Goldman Sachs Group decreased their target price on shares of PJT Partners from $197.00 to $174.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Zacks Research cut PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Wolfe Research reissued an “underperform” rating and issued a $150.00 price objective on shares of PJT Partners in a research note on Wednesday, January 7th. Finally, Wall Street Zen upgraded PJT Partners from a “hold” rating to a “buy” rating in a report on Saturday, November 8th.

Institutional Investors Weigh In On PJT Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in PJT Partners by 45.7% in the first quarter. Royal Bank of Canada now owns 11,471 shares of the financial services provider’s stock valued at $1,581,000 after purchasing an additional 3,596 shares during the period. AQR Capital Management LLC grew its holdings in PJT Partners by 57.7% during the 1st quarter. AQR Capital Management LLC now owns 7,330 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 2,681 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of PJT Partners by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,887 shares of the financial services provider’s stock valued at $1,915,000 after acquiring an additional 620 shares in the last quarter. Millennium Management LLC grew its stake in PJT Partners by 1,394.5% during the 1st quarter. Millennium Management LLC now owns 52,563 shares of the financial services provider’s stock valued at $7,247,000 after purchasing an additional 49,046 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of PJT Partners by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 370,536 shares of the financial services provider’s stock worth $51,090,000 after buying an additional 19,806 shares during the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Up 0.5%

PJT opened at $148.51 on Monday. PJT Partners has a 52 week low of $119.76 and a 52 week high of $195.62. The business’s 50 day moving average is $167.77 and its two-hundred day moving average is $172.09. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 22.37 and a beta of 0.85.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.14. PJT Partners had a net margin of 10.51% and a return on equity of 31.69%. The business had revenue of $535.16 million for the quarter, compared to analyst estimates of $533.32 million. During the same period last year, the firm posted $1.90 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities analysts expect that PJT Partners will post 6.2 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. PJT Partners’s dividend payout ratio (DPR) is 15.06%.

PJT Partners Company Profile

PJT Partners is a global advisory-focused 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 industry expertise and global reach.