PJT Partners (NYSE:PJT) Price Target Raised to $182.00

PJT Partners (NYSE:PJT) had its price target hoisted by Keefe, Bruyette & Woods from $180.00 to $182.00 in a research note published on Wednesday,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

A number of other equities research analysts have also weighed in on PJT. BMO Capital Markets began coverage on shares of PJT Partners in a report on Friday, October 3rd. They issued an “outperform” rating and a $205.00 price objective for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of PJT Partners in a research note on Wednesday, October 8th. Evercore ISI set a $180.00 price objective on PJT Partners in a research note on Monday, October 13th. Finally, Wolfe Research reissued an “underperform” rating on shares of PJT Partners in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $185.50.

PJT Partners Stock Down 0.9%

NYSE PJT opened at $166.83 on Wednesday. The stock’s 50-day simple moving average is $177.22 and its two-hundred day simple moving average is $168.09. PJT Partners has a twelve month low of $119.76 and a twelve month high of $190.27. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 25.67 and a beta of 0.79.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.61. The company had revenue of $447.09 million for the quarter, compared to analysts’ expectations of $386.76 million. PJT Partners had a return on equity of 30.29% and a net margin of 10.75%. On average, equities analysts expect that PJT Partners will post 6.2 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. PJT Partners’s payout ratio is 15.38%.

Institutional Investors Weigh In On PJT Partners

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC boosted its position in PJT Partners by 50.8% during the 3rd quarter. CWM LLC now owns 181 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 61 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in shares of PJT Partners in the 3rd quarter valued at approximately $41,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of PJT Partners during the first quarter valued at approximately $45,000. Quarry LP bought a new stake in shares of PJT Partners during the first quarter valued at approximately $45,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in PJT Partners by 75.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 285 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 123 shares during the period. 89.23% of the stock is owned by hedge funds and other institutional investors.

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.