Seaport Res Ptn Predicts Weaker Earnings for PJT Partners

PJT Partners Inc. (NYSE:PJT) – Analysts at Seaport Res Ptn reduced their Q4 2024 EPS estimates for PJT Partners in a research note issued to investors on Monday, January 13th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings of $1.11 per share for the quarter, down from their prior forecast of $1.30. The consensus estimate for PJT Partners’ current full-year earnings is $4.40 per share. Seaport Res Ptn also issued estimates for PJT Partners’ Q2 2025 earnings at $1.27 EPS and Q4 2025 earnings at $1.82 EPS.

A number of other research firms have also weighed in on PJT. Citizens Jmp lowered PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday. UBS Group upgraded shares of PJT Partners from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $130.00 to $175.00 in a research note on Friday, December 6th. JMP Securities cut PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods cut their price target on shares of PJT Partners from $159.00 to $152.00 and set a “market perform” rating on the stock in a research note on Monday. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, PJT Partners presently has an average rating of “Hold” and a consensus price target of $152.25.

PJT Partners Trading Up 3.3 %

PJT opened at $161.60 on Tuesday. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 41.02 and a beta of 0.66. PJT Partners has a 12-month low of $88.51 and a 12-month high of $168.92. The stock’s 50-day moving average price is $159.54 and its 200 day moving average price is $138.89.

PJT Partners (NYSE:PJT) 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 firm had revenue of $326.30 million during the quarter, compared to the consensus estimate of $313.46 million. During the same period last year, the company earned $0.78 EPS. The company’s quarterly revenue was up 17.2% on a year-over-year basis.

Institutional Trading of PJT Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in shares of PJT Partners by 32.3% during the fourth quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock valued at $70,000 after buying an additional 109 shares during the period. JPMorgan Chase & Co. increased its stake in shares of PJT Partners by 91.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,270 shares of the financial services provider’s stock valued at $9,636,000 after acquiring an additional 34,514 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of PJT Partners during the 3rd quarter worth about $631,000. Geode Capital Management LLC grew its holdings in PJT Partners by 7.9% in the third quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider’s stock valued at $82,556,000 after purchasing an additional 45,327 shares during the period. Finally, M&T Bank Corp grew its stake in shares of PJT Partners by 3.5% during the 3rd quarter. M&T Bank Corp now owns 2,220 shares of the financial services provider’s stock valued at $296,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Insider Activity at PJT Partners

In related news, General Counsel David Adam Travin sold 1,541 shares of the business’s stock in a transaction dated 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 SEC, which is available through this link. Also, Director Kenneth C. Whitney sold 1,725 shares of the company’s stock in a transaction dated 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 directly owns 9,100 shares in the company, valued at $1,453,725. This trade represents a 15.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,766 shares of company stock worth $762,980 over the last three months. 11.71% of the stock is currently owned by corporate insiders.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.62%. The ex-dividend date was Wednesday, December 4th. PJT Partners’s payout ratio is 25.38%.

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.