PJT Partners’ (PJT) “Market Perform” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of PJT Partners (NYSE:PJT) in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a $128.00 price target on the financial services provider’s stock, up from their prior price target of $108.00.

Other equities analysts have also issued reports about the stock. JMP Securities restated a market outperform rating and set a $110.00 target price on shares of PJT Partners in a research note on Tuesday, April 9th. UBS Group increased their price target on shares of PJT Partners from $85.00 to $93.00 and gave the company a sell rating in a report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, PJT Partners has an average rating of Hold and an average price target of $116.80.

PJT Partners Stock Down 3.2 %

Shares of NYSE PJT opened at $122.58 on Wednesday. The business’s 50 day moving average price is $111.71 and its two-hundred day moving average price is $102.91. The company has a market cap of $2.94 billion, a PE ratio of 33.77 and a beta of 0.62. PJT Partners has a twelve month low of $71.47 and a twelve month high of $136.90.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.49. PJT Partners had a return on equity of 18.12% and a net margin of 7.96%. The business had revenue of $360.00 million for the quarter, compared to analyst estimates of $281.93 million. During the same period in the previous year, the firm earned $0.99 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. As a group, research analysts anticipate that PJT Partners will post 4.35 EPS for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, September 4th. PJT Partners’s dividend payout ratio is 27.55%.

Insiders Place Their Bets

In other PJT Partners news, Director Emily K. Rafferty sold 1,696 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $130.79, for a total transaction of $221,819.84. Following the transaction, the director now owns 7,404 shares in the company, valued at approximately $968,369.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 10.67% of the company’s stock.

Institutional Trading of PJT Partners

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of PJT Partners by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,447,154 shares of the financial services provider’s stock worth $230,669,000 after purchasing an additional 17,463 shares during the period. Hsbc Holdings PLC increased its holdings in PJT Partners by 11,553.8% in the 4th quarter. Hsbc Holdings PLC now owns 510,089 shares of the financial services provider’s stock valued at $52,120,000 after buying an additional 505,712 shares during the period. Champlain Investment Partners LLC acquired a new position in shares of PJT Partners in the 1st quarter valued at approximately $43,029,000. Dimensional Fund Advisors LP lifted its holdings in shares of PJT Partners by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 421,860 shares of the financial services provider’s stock worth $42,976,000 after acquiring an additional 8,857 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of PJT Partners by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 223,134 shares of the financial services provider’s stock worth $22,731,000 after acquiring an additional 15,491 shares during the period. 89.23% of the stock is currently owned by institutional investors.

About PJT Partners

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.