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

PJT Partners (NYSE:PJT) had its target price hoisted by Keefe, Bruyette & Woods from $152.00 to $177.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

PJT has been the topic of a number of other reports. JMP Securities lowered PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. Citizens Jmp downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, UBS Group upgraded shares of PJT Partners from a “sell” rating to a “neutral” rating and upped their price target for the company from $130.00 to $175.00 in a research report on Friday, December 6th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, PJT Partners presently has an average rating of “Hold” and a consensus target price of $158.50.

PJT Partners Trading Up 1.8 %

Shares of PJT Partners stock opened at $176.94 on Wednesday. The firm’s 50 day moving average is $160.83 and its 200 day moving average is $144.28. The firm has a market capitalization of $4.19 billion, a PE ratio of 44.91 and a beta of 0.67. PJT Partners has a 1 year low of $88.51 and a 1 year high of $190.27.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.71. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The firm had revenue of $477.30 million for the quarter, compared to analysts’ expectations of $384.64 million. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The company’s revenue was up 45.3% on a year-over-year basis. As a group, research analysts anticipate that PJT Partners will post 4.2 earnings per share for the current year.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. PJT Partners’s dividend payout ratio (DPR) is 25.38%.

Insider Activity at PJT Partners

In other news, General Counsel David Adam Travin sold 1,541 shares of the business’s 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth C. Whitney sold 1,725 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $159.75, for a total transaction of $275,568.75. Following the sale, the director now owns 9,100 shares of the company’s stock, valued at approximately $1,453,725. This trade represents a 15.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.71% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC grew its stake in PJT Partners by 2.9% during the fourth quarter. Sanctuary Advisors LLC now owns 2,274 shares of the financial services provider’s stock worth $375,000 after purchasing an additional 65 shares during the period. Captrust Financial Advisors boosted its holdings in shares of PJT Partners by 2.2% during the 3rd quarter. Captrust Financial Advisors now owns 3,149 shares of the financial services provider’s stock worth $420,000 after buying an additional 67 shares in the last quarter. M&T Bank Corp grew its position 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 worth $296,000 after buying an additional 75 shares during the period. New York State Teachers Retirement System increased its stake in shares of PJT Partners by 0.9% in the 3rd quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider’s stock valued at $1,425,000 after acquiring an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of 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. 89.23% of the stock is owned by institutional investors.

About PJT Partners

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.