PJT Partners (NYSE:PJT) Sets New 1-Year High at $109.47

PJT Partners Inc. (NYSE:PJT) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $109.47 and last traded at $109.08, with a volume of 82554 shares. The stock had previously closed at $107.20.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PJT shares. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 price objective on shares of PJT Partners in a report on Tuesday, April 9th. UBS Group reaffirmed a “sell” rating and set a $75.00 price objective (down from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $93.25.

PJT Partners Trading Up 0.7 %

The business’s fifty day simple moving average is $102.51 and its two-hundred day simple moving average is $99.54. The stock has a market capitalization of $2.59 billion, a P/E ratio of 29.73 and a beta of 0.64.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.53. PJT Partners had a net margin of 7.57% and a return on equity of 17.36%. The firm had revenue of $329.39 million during the quarter, compared to the consensus estimate of $229.32 million. During the same period in the prior year, the firm earned $0.54 EPS. The business’s revenue was up 64.7% on a year-over-year basis. On average, equities research analysts anticipate that PJT Partners Inc. will post 4 earnings per share for the current year.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Wednesday, June 5th. PJT Partners’s dividend payout ratio (DPR) is presently 27.55%.

Institutional Trading of PJT Partners

A number of hedge funds have recently bought and sold shares of the stock. Walleye Trading LLC lifted its holdings in shares of PJT Partners by 1.2% during the 3rd quarter. Walleye Trading LLC now owns 11,271 shares of the financial services provider’s stock worth $895,000 after acquiring an additional 136 shares during the period. Parallel Advisors LLC lifted its holdings in shares of PJT Partners by 5.0% during the 4th quarter. Parallel Advisors LLC now owns 3,897 shares of the financial services provider’s stock worth $397,000 after acquiring an additional 184 shares during the period. Intrust Bank NA lifted its holdings in shares of PJT Partners by 8.6% during the 4th quarter. Intrust Bank NA now owns 3,186 shares of the financial services provider’s stock worth $325,000 after acquiring an additional 251 shares during the period. Texas Permanent School Fund Corp lifted its holdings in shares of PJT Partners by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 19,517 shares of the financial services provider’s stock worth $1,840,000 after acquiring an additional 255 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in shares of PJT Partners by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 4,754 shares of the financial services provider’s stock worth $448,000 after acquiring an additional 323 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.