PJT Partners Inc. (NYSE:PJT) Announces $0.25 Quarterly Dividend

PJT Partners Inc. (NYSE:PJT - Get Free Report) announced a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Shareholders of record on Wednesday, March 5th will be paid a dividend of 0.25 per share by the financial services provider on Wednesday, March 19th. This represents a $1.00 annualized dividend and a yield of 0.58%. The ex-dividend date is Wednesday, March 5th.

PJT Partners has increased its dividend payment by an average of 71.0% annually over the last three years. PJT Partners has a dividend payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect PJT Partners to earn $7.25 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 13.8%.

PJT Partners Price Performance

Shares of PJT Partners stock traded down $3.44 on Friday, reaching $173.54. 208,000 shares of the company were exchanged, compared to its average volume of 243,979. The stock's 50 day moving average price is $161.19 and its 200-day moving average price is $145.24. PJT Partners has a 1-year low of $88.51 and a 1-year high of $190.27. The company has a market cap of $4.11 billion, a P/E ratio of 35.42 and a beta of 0.67.

PJT Partners (NYSE:PJT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.19 by $0.71. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The company had revenue of $477.30 million during the quarter, compared to analysts' expectations of $384.64 million. During the same quarter in the previous year, the business posted $0.96 EPS. The firm's revenue was up 45.3% on a year-over-year basis. On average, research analysts predict that PJT Partners will post 6.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PJT has been the topic of a number of analyst reports. Citizens Jmp cut PJT Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 13th. UBS Group raised PJT Partners from a "sell" rating to a "neutral" rating and raised their target price for the stock from $130.00 to $175.00 in a research report on Friday, December 6th. JMP Securities downgraded PJT Partners from an "outperform" rating to a "market perform" rating in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of PJT Partners from $152.00 to $177.00 and gave the stock a "market perform" rating in a report on Wednesday. Five analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $158.50.

Insider Activity

In other PJT Partners news, Director Kenneth C. Whitney sold 1,725 shares of the firm's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total transaction of $275,568.75. Following the transaction, the director now directly owns 9,100 shares of the company's stock, valued at approximately $1,453,725. This trade represents a 15.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 11.71% of the company's stock.

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.