PJT Partners Inc. (NYSE:PJT) Given Consensus Rating of “Hold” by Analysts

Shares of PJT Partners Inc. (NYSE:PJT) have earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $185.00.

A number of equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PJT Partners in a research report on Wednesday, October 8th. BMO Capital Markets began coverage on shares of PJT Partners in a research report on Friday, October 3rd. They set an “outperform” rating and a $205.00 price objective for the company. Keefe, Bruyette & Woods cut their price objective on shares of PJT Partners from $196.00 to $180.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Evercore ISI set a $180.00 price objective on shares of PJT Partners in a research report on Monday, October 13th. Finally, Wolfe Research reissued an “underperform” rating on shares of PJT Partners in a research report on Thursday, July 10th.

Insiders Place Their Bets

In other news, General Counsel David Adam Travin sold 2,288 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $178.06, for a total transaction of $407,401.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Grace Reksten Skaugen sold 1,504 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $176.89, for a total transaction of $266,042.56. Following the sale, the director directly owned 500 shares of the company’s stock, valued at approximately $88,445. The trade was a 75.05% decrease in their position. The disclosure for this sale can be found here. Insiders own 11.75% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. First Horizon Corp bought a new stake in shares of PJT Partners in the 3rd quarter worth about $112,000. Independent Solutions Wealth Management LLC increased its holdings in shares of PJT Partners by 2.5% in the 3rd quarter. Independent Solutions Wealth Management LLC now owns 17,018 shares of the financial services provider’s stock worth $3,025,000 after buying an additional 420 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of PJT Partners in the 3rd quarter worth about $41,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of PJT Partners by 138.9% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 8,600 shares of the financial services provider’s stock worth $1,528,000 after buying an additional 5,000 shares during the last quarter. Finally, Montgomery Investment Management Inc. bought a new stake in shares of PJT Partners in the 3rd quarter worth about $213,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Trading Down 0.2%

NYSE:PJT opened at $182.32 on Tuesday. PJT Partners has a 12 month low of $119.76 and a 12 month high of $190.27. The company has a market cap of $4.43 billion, a PE ratio of 31.33 and a beta of 0.76. The company has a 50 day simple moving average of $179.23 and a two-hundred day simple moving average of $165.96.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.18. PJT Partners had a net margin of 10.45% and a return on equity of 25.61%. The business had revenue of $731.09 billion during the quarter, compared to the consensus estimate of $343.11 million. During the same quarter in the previous year, the firm posted $1.19 EPS. The firm’s revenue was up 13.0% on a year-over-year basis. Research analysts forecast that PJT Partners will post 6.2 earnings per share for the current year.

PJT Partners Company Profile

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.