PJT Partners Inc. (NYSE:PJT) Announces Quarterly Dividend of $0.25

PJT Partners Inc. (NYSE:PJT) announced a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Shareholders of record on Wednesday, March 5th will be given a dividend of 0.25 per share by the financial services provider on Wednesday, March 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Wednesday, March 5th.

PJT Partners has raised its dividend by an average of 71.0% annually over the last three years. PJT Partners has a payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect PJT Partners to earn $5.40 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 18.5%.

PJT Partners Stock Up 1.8 %

PJT opened at $176.94 on Thursday. PJT Partners has a 52-week low of $88.51 and a 52-week high of $190.27. The company has a market cap of $4.19 billion, a P/E ratio of 44.91 and a beta of 0.67. The firm’s 50-day moving average price is $160.83 and its 200-day moving average price is $144.28.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.71. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The firm had revenue of $477.30 million for the quarter, compared to the consensus estimate of $384.64 million. During the same quarter in the prior year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 45.3% compared to the same quarter last year. On average, research analysts anticipate that PJT Partners will post 4.2 EPS for the current fiscal year.

Analysts Set New Price Targets

PJT has been the topic of several research reports. UBS Group upgraded shares of PJT Partners from a “sell” rating to a “neutral” rating and increased their price target for the stock from $130.00 to $175.00 in a report on Friday, December 6th. Citizens Jmp downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Keefe, Bruyette & Woods increased their price target on shares of PJT Partners from $152.00 to $177.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, JMP Securities downgraded shares of PJT Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $158.50.

Insider Transactions at PJT Partners

In other news, General Counsel David Adam Travin sold 1,541 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $159.18, for a total transaction of $245,296.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kenneth C. Whitney sold 1,725 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $159.75, for a total transaction of $275,568.75. Following the sale, the director now directly owns 9,100 shares in the company, valued at $1,453,725. The trade was a 15.94 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.71% of the company’s stock.

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.