PJT Partners (PJT) Stock Price, News & Analysis

Company Overview

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. The company also advises private and public company boards and management teams on strategies for building productive investor relationships with a focus on shareholder engagement; and strategic investor relations; environmental, social, and governance matters; and other investor-related matters. In addition, it provides advisory services related to debt and acquisition financings; structured product offerings; public equity raises, including initial public offering and SPAC offerings; and private capital raises for early and later stage companies, as well as other capital structure related matters. Further, the company offers advisory services in financial restructurings and reorganizations; liability management; distressed mergers and acquisitions; and to management teams, corporate boards, sponsors and creditors. Additionally, it provides private fund advisory and fundraising services for a range of investment strategies; and advisory services to general and partners on liquidity and other structured solutions. The company was formerly known as Blackstone Advisory Inc. and changed its name to PJT Partners Inc. in March 2015. PJT Partners Inc. was incorporated in 2014 and is headquartered in New York, New York.

Key Stats

• Today's Range: $157.05 to $160.12
• 50-Day Range: $118.41 to $163.53
• 52-Week Range: $82.64 to $163.85
• Volume: 288,175 shs
• Average Volume: 243,995 shs
• Market Capitalization: $3.73 billion
• P/E Ratio: 39.93
• Dividend Yield: 0.64%
• Price Target: $123.80
• Consensus Rating: Reduce

PJT Partners Stock Analysis - MarketRank™

PJT Partners scored higher than 37% of companies evaluated by MarketBeat, and ranked 781st out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.9 / 5
• Analyst Rating: Reduce

Consensus Rating

PJT Partners has received a consensus rating of Reduce. The company's average rating score is 1.83, and is based on 1 buy rating, 3 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

PJT Partners has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 22.73%

Earnings Growth

Earnings for PJT Partners are expected to grow by 22.73% in the coming year, from $4.40 to $5.40 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of PJT Partners is 39.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of PJT Partners is 39.93, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 25.81.

Price to Book Value per Share Ratio

PJT Partners has a P/B Ratio of 4.23. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.77% of the float of PJT Partners has been sold short.

Short Interest Ratio / Days to Cover

PJT Partners has a short interest ratio ("days to cover") of 6.6.

Change versus previous month

Short interest in PJT Partners has recently increased by 10.53%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

PJT Partners has a dividend yield of 0.64%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

PJT Partners does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of PJT Partners is 25.38%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, PJT Partners will have a dividend payout ratio of 18.52% next year. This indicates that PJT Partners will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.77% of the float of PJT Partners has been sold short.

Short Interest Ratio / Days to Cover

PJT Partners has a short interest ratio ("days to cover") of 6.6.

Change versus previous month

Short interest in PJT Partners has recently increased by 10.53%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.74

News Sentiment

PJT Partners has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for PJT Partners this week, compared to 5 articles on an average week.

MarketBeat Follows

2 people have added PJT Partners to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, PJT Partners insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,633,828.00 in company stock.

Percentage Held by Insiders

11.71% of the stock of PJT Partners is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

89.23% of the stock of PJT Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PJT Stock Analysis - Frequently Asked Questions

How have PJT shares performed this year?

PJT Partners' stock was trading at $101.87 at the beginning of the year. Since then, PJT shares have increased by 54.4% and is now trading at $157.32.
View the best growth stocks for 2024 here.

How were PJT Partners' earnings last quarter?

PJT Partners Inc. (NYSE:PJT) issued its quarterly earnings data on Tuesday, October, 29th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.02. The firm's revenue was up 17.2% compared to the same quarter last year.

Who are PJT Partners' major shareholders?

Top institutional shareholders of PJT Partners include State Street Corp (4.23%), Wellington Management Group LLP (2.70%), Geode Capital Management LLC (2.61%) and Champlain Investment Partners LLC (2.51%). Insiders that own company stock include Ji-Yeun Lee, Helen T Meates, James Costos, Kenneth C Whitney, Kievdi Don Cornwell, Emily K Rafferty, Grace Reksten Skaugen and David Adam Travin.
View institutional ownership trends.

How do I buy shares of PJT Partners?

Shares of PJT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of PJT Partners own?

Based on aggregate information from My MarketBeat watchlists, some other companies that PJT Partners investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

• Ex-Dividend for 9/18 Dividend: 9/04/2024
• Dividend Payable: 9/18/2024
• Last Earnings: 10/29/2024
• Today: 11/16/2024
• Ex-Dividend for 12/18 Dividend: 12/04/2024
• Dividend Payable: 12/18/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Investment advice
• Sub-Industry: Trading
• Current Symbol: NYSE:PJT
• CUSIP: N/A
• CIK: 1626115
• Web: www.pjtpartners.com
• Phone: (212) 364-7800
• Fax: N/A
• Employees: 1,012
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $123.80
• High Stock Price Target: $150.00
• Low Stock Price Target: $89.00
• Potential Upside/Downside: -21.3%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.83
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.94
• Trailing P/E Ratio: 39.93
• Forward P/E Ratio: 35.75
• P/E Growth: N/A
• Net Income: $145.68 million
• Net Margins: 8.03%
• Pretax Margin: 16.32%
• Return on Equity: 18.79%
• Return on Assets: 11.24%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.75
• Quick Ratio: 1.75

Sales & Book Value

• Annual Sales: $1.15 billion
• Price / Sales: 3.23
• Cash Flow: $7.08 per share
• Price / Cash Flow: 22.21
• Book Value: $37.15 per share
• Price / Book: 4.23

Miscellaneous

• Outstanding Shares: 23,700,000
• Free Float: 20,926,000
• Market Cap: $3.73 billion
• Optionable: Optionable
• Beta: 0.61