PJT Partners (NYSE:PJT) Sets New 12-Month High at $84.24

PJT Partners Inc. (NYSE:PJT)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $84.24 and last traded at $83.92, with a volume of 1183 shares traded. The stock had previously closed at $82.76.

PJT has been the subject of a number of analyst reports. JMP Securities restated a “buy” rating and set a $98.00 price objective on shares of PJT Partners in a research report on Monday, September 20th. Zacks Investment Research upgraded shares of PJT Partners from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Saturday, October 9th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, PJT Partners has a consensus rating of “Buy” and a consensus target price of $91.75.

The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 17.40 and a beta of 0.93. The stock’s 50 day moving average price is $78.87 and its two-hundred day moving average price is $74.32.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Thursday, July 29th. The financial services provider reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.12. PJT Partners had a net margin of 11.89% and a return on equity of 29.98%. The business had revenue of $240.68 million for the quarter, compared to analysts’ expectations of $220.64 million. Sell-side analysts predict that PJT Partners Inc. will post 4.87 earnings per share for the current year.

The firm also recently disclosed a dividend, which will be paid on Monday, October 18th. Investors of record on Monday, October 4th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, October 1st. PJT Partners’s payout ratio is 4.06%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC grew its stake in PJT Partners by 2.2% in the 2nd quarter. Exchange Traded Concepts LLC now owns 7,352 shares of the financial services provider’s stock valued at $525,000 after acquiring an additional 157 shares during the last quarter. Rhumbline Advisers grew its stake in PJT Partners by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 27,417 shares of the financial services provider’s stock valued at $1,957,000 after acquiring an additional 167 shares during the last quarter. Prudential Financial Inc. grew its stake in PJT Partners by 5.3% in the 2nd quarter. Prudential Financial Inc. now owns 3,344 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 169 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its stake in PJT Partners by 4.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 4,430 shares of the financial services provider’s stock valued at $316,000 after acquiring an additional 184 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in PJT Partners by 5.0% in the 2nd quarter. Legal & General Group Plc now owns 4,072 shares of the financial services provider’s stock valued at $291,000 after acquiring an additional 194 shares during the last quarter. 66.91% of the stock is currently owned by hedge funds and other institutional investors.

PJT Partners Company Profile (NYSE:PJT)

PJT Partners, Inc is a holding company, which engages in the provision of advisory-investment solutions. It specializes in strategic advisory, shareholder engagement, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments.

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