PJT Partners (NYSE:PJT) Shares Down 8.3% - Should You Sell?

PJT Partners Inc. (NYSE:PJT - Get Free Report) was down 8.3% during trading on Tuesday . The company traded as low as $146.00 and last traded at $144.23. Approximately 72,546 shares were traded during trading, a decline of 71% from the average daily volume of 253,209 shares. The stock had previously closed at $157.28.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PJT shares. Keefe, Bruyette & Woods raised their target price on shares of PJT Partners from $152.00 to $177.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. JMP Securities downgraded shares of PJT Partners from an "outperform" rating to a "market perform" rating in a research report on Monday, January 13th. UBS Group raised shares of PJT Partners from a "sell" rating to a "neutral" rating and raised their target price for the company from $130.00 to $175.00 in a research report on Friday, December 6th. Finally, Citizens Jmp downgraded shares of PJT Partners from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, PJT Partners has a consensus rating of "Hold" and a consensus price target of $158.50.

PJT Partners Trading Up 0.4 %

The business's 50-day moving average price is $162.58 and its 200-day moving average price is $150.71. The stock has a market cap of $3.53 billion, a PE ratio of 30.35 and a beta of 0.68.

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

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PJT Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.67%. The ex-dividend date is Wednesday, March 5th. PJT Partners's dividend payout ratio is presently 20.41%.

Institutional Trading of PJT Partners

Large investors have recently bought and sold shares of the stock. Quarry LP lifted its stake in PJT Partners by 186.3% during the 3rd quarter. Quarry LP now owns 209 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 136 shares during the period. Principal Securities Inc. lifted its stake in PJT Partners by 385.4% during the 4th quarter. Principal Securities Inc. now owns 199 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 158 shares during the period. CIBC Private Wealth Group LLC lifted its stake in PJT Partners by 112.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 146 shares during the period. GAMMA Investing LLC lifted its stake in PJT Partners by 32.3% during the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 109 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in PJT Partners by 51.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 176 shares during the period. Hedge funds and other 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.