PJT Partners (NYSE:PJT) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

PJT Partners (NYSE:PJT - Free Report) had its price target upped by Keefe, Bruyette & Woods from $151.00 to $159.00 in a research report report published on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider's stock.

A number of other analysts have also weighed in on the stock. UBS Group raised shares of PJT Partners from a "sell" rating to a "neutral" rating and upped their price target for the stock from $130.00 to $175.00 in a research note on Friday, December 6th. JMP Securities increased their price target on PJT Partners from $142.00 to $150.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $141.00.

PJT Partners Price Performance

Shares of PJT stock traded up $2.55 during trading hours on Friday, reaching $155.41. The stock had a trading volume of 515,916 shares, compared to its average volume of 233,202. The firm has a 50-day simple moving average of $154.48 and a 200-day simple moving average of $131.80. The firm has a market capitalization of $3.68 billion, a PE ratio of 39.44 and a beta of 0.65. PJT Partners has a twelve month low of $88.51 and a twelve month high of $168.92.

PJT Partners (NYSE:PJT - Get Free Report) last 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. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The business had revenue of $326.30 million during the quarter, compared to analyst estimates of $313.46 million. During the same period in the prior year, the company posted $0.78 EPS. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. On average, equities analysts anticipate that PJT Partners will post 4.4 earnings per share for the current year.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.64%. PJT Partners's dividend payout ratio (DPR) is 25.38%.

Insiders Place Their Bets

In other news, General Counsel David Adam Travin sold 1,541 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $159.18, for a total value of $245,296.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Costos sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $161.41, for a total transaction of $242,115.00. Following the completion of the transaction, the director now owns 9,360 shares in the company, valued at approximately $1,510,797.60. This represents a 13.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,766 shares of company stock worth $762,980 over the last ninety days. 11.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PJT Partners

Several large investors have recently made changes to their positions in PJT. SouthState Corp bought a new stake in PJT Partners in the second quarter worth approximately $26,000. Quarry LP raised its holdings in PJT Partners by 186.3% during the third quarter. Quarry LP now owns 209 shares of the financial services provider's stock valued at $28,000 after buying an additional 136 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of PJT Partners by 76.4% in the third quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider's stock worth $45,000 after buying an additional 146 shares during the last quarter. KBC Group NV lifted its position in shares of PJT Partners by 113.0% in the third quarter. KBC Group NV now owns 803 shares of the financial services provider's stock worth $107,000 after buying an additional 426 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of PJT Partners during the 3rd quarter worth about $213,000. Institutional investors own 89.23% 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.