Analysts Set PJT Partners Inc. (NYSE:PJT) Price Target at $116.80

PJT Partners Inc. (NYSE:PJT - Get Free Report) has been assigned an average recommendation of "Reduce" from the six brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $116.80.

PJT has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of PJT Partners from $115.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday, July 31st. JMP Securities increased their price target on PJT Partners from $120.00 to $142.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 31st. UBS Group lifted their price objective on shares of PJT Partners from $85.00 to $93.00 and gave the company a "sell" rating in a research note on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $128.00 target price (up from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st.

PJT Partners Stock Down 0.3 %

PJT Partners stock traded down $0.44 during trading hours on Monday, hitting $133.37. The stock had a trading volume of 117,591 shares, compared to its average volume of 235,979. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 36.74 and a beta of 0.61. The business's 50 day simple moving average is $124.46 and its 200-day simple moving average is $109.85. PJT Partners has a one year low of $71.47 and a one year high of $137.19.

PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.49. The firm had revenue of $360.00 million during the quarter, compared to analysts' expectations of $281.93 million. PJT Partners had a net margin of 7.96% and a return on equity of 18.04%. The company's revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 EPS. Research analysts anticipate that PJT Partners will post 4.35 EPS for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.00 annualized dividend and a yield of 0.75%. PJT Partners's dividend payout ratio is currently 27.55%.

Insider Buying and Selling

In other PJT Partners news, Director Emily K. Rafferty sold 1,696 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $130.79, for a total transaction of $221,819.84. Following the completion of the transaction, the director now directly owns 7,404 shares of the company's stock, valued at $968,369.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Kievdi Don Cornwell sold 11,586 shares of PJT Partners stock in a transaction 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 transaction, the director now directly owns 8,339 shares in the company, valued at $1,029,783.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Emily K. Rafferty sold 1,696 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $130.79, for a total value of $221,819.84. Following the transaction, the director now owns 7,404 shares in the company, valued at $968,369.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,297 shares of company stock valued at $3,092,668. 10.67% of the stock is owned by insiders.

Institutional Trading of PJT Partners

Several hedge funds have recently added to or reduced their stakes in PJT. Louisiana State Employees Retirement System boosted its holdings in PJT Partners by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the financial services provider's stock valued at $1,198,000 after acquiring an additional 100 shares during the period. American Century Companies Inc. increased its stake in shares of PJT Partners by 0.8% in the second quarter. American Century Companies Inc. now owns 14,837 shares of the financial services provider's stock worth $1,601,000 after buying an additional 120 shares during the period. AQR Capital Management LLC raised its holdings in PJT Partners by 3.3% during the 2nd quarter. AQR Capital Management LLC now owns 4,207 shares of the financial services provider's stock valued at $454,000 after buying an additional 136 shares during the last quarter. Sei Investments Co. grew its holdings in PJT Partners by 1.4% in the 2nd quarter. Sei Investments Co. now owns 10,458 shares of the financial services provider's stock worth $1,129,000 after acquiring an additional 141 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of PJT Partners by 1.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 12,004 shares of the financial services provider's stock valued at $1,295,000 after acquiring an additional 158 shares during the period. 89.23% of the stock is owned by institutional investors.

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.