Shares of PJT Partners Inc (NYSE:PJT) have earned an average recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $58.50.
A number of research analysts have issued reports on PJT shares. Zacks Investment Research upgraded shares of PJT Partners from a “sell” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Tuesday, September 18th. TheStreet upgraded shares of PJT Partners from a “d” rating to a “c” rating in a report on Monday, September 17th. Sandler O’Neill set a $62.00 target price on shares of PJT Partners and gave the company a “hold” rating in a report on Wednesday, August 1st. Finally, Bank of America lowered shares of PJT Partners from a “buy” rating to a “neutral” rating and set a $60.00 target price on the stock. in a report on Monday, July 16th. They noted that the move was a valuation call.
Shares of PJT Partners stock traded down $0.49 on Friday, hitting $47.54. The company’s stock had a trading volume of 2,444 shares, compared to its average volume of 149,934. PJT Partners has a 52-week low of $36.40 and a 52-week high of $61.18. The firm has a market capitalization of $1.08 billion, a PE ratio of 30.74 and a beta of 0.39.
PJT Partners (NYSE:PJT) last released its earnings results on Tuesday, July 31st. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.20. The company had revenue of $130.67 million for the quarter. PJT Partners had a negative net margin of 4.11% and a positive return on equity of 24.71%. As a group, research analysts forecast that PJT Partners will post 2.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 19th. Shareholders of record on Wednesday, September 5th were issued a $0.05 dividend. The ex-dividend date was Tuesday, September 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.42%. PJT Partners’s dividend payout ratio (DPR) is 12.99%.
Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in shares of PJT Partners by 10.3% during the 1st quarter. Principal Financial Group Inc. now owns 12,778 shares of the financial services provider’s stock worth $640,000 after acquiring an additional 1,190 shares during the period. FMR LLC lifted its holdings in shares of PJT Partners by 78.9% during the 2nd quarter. FMR LLC now owns 1,851,734 shares of the financial services provider’s stock worth $98,864,000 after acquiring an additional 816,714 shares during the period. Swiss National Bank lifted its holdings in shares of PJT Partners by 6.7% during the 2nd quarter. Swiss National Bank now owns 32,035 shares of the financial services provider’s stock worth $1,710,000 after acquiring an additional 2,000 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of PJT Partners by 37.5% during the 2nd quarter. Renaissance Technologies LLC now owns 705,300 shares of the financial services provider’s stock worth $37,656,000 after acquiring an additional 192,500 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of PJT Partners by 8.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 164,712 shares of the financial services provider’s stock worth $8,793,000 after acquiring an additional 12,416 shares during the period. Institutional investors own 62.50% of the company’s stock.
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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