Seaport Res Ptn Lowers Earnings Estimates for PJT Partners

PJT Partners Inc. (NYSE:PJT - Free Report) - Equities research analysts at Seaport Res Ptn reduced their Q4 2024 earnings per share estimates for shares of PJT Partners in a report issued on Tuesday, October 29th. Seaport Res Ptn analyst J. Mitchell now expects that the financial services provider will earn $1.30 per share for the quarter, down from their previous estimate of $1.43. The consensus estimate for PJT Partners' current full-year earnings is $4.40 per share. Seaport Res Ptn also issued estimates for PJT Partners' Q3 2025 earnings at $1.20 EPS.

A number of other equities analysts have also commented on PJT. UBS Group raised their price target on PJT Partners from $110.00 to $120.00 and gave the stock a "sell" rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $128.00 target price (up previously from $108.00) on shares of PJT Partners in a report on Wednesday, July 31st. The Goldman Sachs Group increased their price target on shares of PJT Partners from $115.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. Finally, JMP Securities boosted their price objective on shares of PJT Partners from $142.00 to $150.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $123.80.

PJT Partners Stock Up 0.4 %

PJT traded up $0.58 on Friday, hitting $139.55. The company's stock had a trading volume of 133,546 shares, compared to its average volume of 232,957. The company's 50 day simple moving average is $133.05 and its 200-day simple moving average is $117.26. PJT Partners has a 12 month low of $77.90 and a 12 month high of $151.10. The firm has a market cap of $3.32 billion, a P/E ratio of 35.27 and a beta of 0.61.

PJT Partners (NYSE:PJT - Get Free Report) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.19. PJT Partners had a net margin of 8.03% and a return on equity of 18.98%. The firm had revenue of $326.30 million during the quarter, compared to analyst estimates of $313.46 million. During the same quarter last year, the business earned $0.78 earnings per share. The company's quarterly revenue was up 17.2% on a year-over-year basis.

Institutional Investors Weigh In On PJT Partners

A number of hedge funds have recently made changes to their positions in the business. Illinois Municipal Retirement Fund purchased a new position in PJT Partners in the 1st quarter worth $1,262,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of PJT Partners by 36.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,049 shares of the financial services provider's stock valued at $8,017,000 after acquiring an additional 22,556 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in shares of PJT Partners in the 1st quarter valued at about $43,029,000. BNP Paribas Financial Markets boosted its holdings in PJT Partners by 116.0% during the 1st quarter. BNP Paribas Financial Markets now owns 41,251 shares of the financial services provider's stock valued at $3,888,000 after acquiring an additional 22,157 shares during the period. Finally, FORA Capital LLC bought a new position in PJT Partners during the 1st quarter worth approximately $647,000. 89.23% of the stock is currently owned by institutional investors.

Insider Transactions at PJT Partners

In related news, Director Kievdi Don Cornwell sold 11,586 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $123.49, for a total value of $1,430,755.14. Following the sale, the director now directly owns 8,339 shares of the company's stock, valued at $1,029,783.11. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Grace Reksten Skaugen sold 2,015 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $124.86, for a total transaction of $251,592.90. Following the transaction, the director now directly owns 500 shares of the company's stock, valued at approximately $62,430. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kievdi Don Cornwell sold 11,586 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $123.49, for a total value of $1,430,755.14. Following the completion of the sale, the director now directly owns 8,339 shares of the company's stock, valued at approximately $1,029,783.11. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,601 shares of company stock valued at $2,870,848. 11.71% of the stock is owned by corporate insiders.

PJT Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Wednesday, December 4th. PJT Partners's payout ratio is 25.38%.

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.