PJT Partners (NYSE:PJT) Given New $177.00 Price Target at Keefe, Bruyette & Woods

PJT Partners (NYSE:PJT - Get Free Report) had its price target increased by equities research analysts at Keefe, Bruyette & Woods from $152.00 to $177.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective suggests a potential upside of 1.99% from the stock's current price.

A number of other equities analysts have also commented on PJT. JMP Securities lowered shares of PJT Partners from an "outperform" rating to a "market perform" rating in a report on Monday, January 13th. UBS Group raised PJT Partners from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $130.00 to $175.00 in a report on Friday, December 6th. Finally, Citizens Jmp cut PJT Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, PJT Partners presently has an average rating of "Hold" and a consensus target price of $158.50.

PJT Partners Stock Down 1.9 %

PJT Partners stock traded down $3.44 during trading hours on Wednesday, hitting $173.54. The stock had a trading volume of 208,000 shares, compared to its average volume of 243,979. The business's 50 day simple moving average is $161.19 and its 200-day simple moving average is $144.89. PJT Partners has a one year low of $88.51 and a one year high of $190.27. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 35.42 and a beta of 0.67.

PJT Partners (NYSE:PJT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.71. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The business had revenue of $477.30 million during the quarter, compared to analyst estimates of $384.64 million. During the same quarter last year, the business earned $0.96 EPS. The firm's quarterly revenue was up 45.3% on a year-over-year basis. Research analysts anticipate that PJT Partners will post 6.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kenneth C. Whitney sold 1,725 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 9,100 shares of the company's stock, valued at $1,453,725. This trade represents a 15.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 11.71% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PJT. Los Angeles Capital Management LLC acquired a new position in shares of PJT Partners during the third quarter valued at about $453,000. JPMorgan Chase & Co. increased its position in PJT Partners by 91.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,270 shares of the financial services provider's stock valued at $9,636,000 after buying an additional 34,514 shares in the last quarter. Geode Capital Management LLC raised its stake in PJT Partners by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider's stock worth $82,556,000 after buying an additional 45,327 shares during the period. Citigroup Inc. boosted its holdings in PJT Partners by 101.1% in the third quarter. Citigroup Inc. now owns 30,103 shares of the financial services provider's stock worth $4,014,000 after acquiring an additional 15,135 shares in the last quarter. Finally, Atria Investments Inc grew its stake in PJT Partners by 5.9% in the third quarter. Atria Investments Inc now owns 2,563 shares of the financial services provider's stock valued at $342,000 after acquiring an additional 142 shares during the period. 89.23% of the stock is owned by institutional investors.

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.