PJT Partners (PJT) – Investment Analysts’ Weekly Ratings Changes

PJT Partners (NYSE: PJT) recently received a number of ratings updates from brokerages and research firms:

  • 4/14/2018 – PJT Partners was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $61.00 price target on the stock. According to Zacks, “PJT Partners Inc. is a financial advisory firm. The Company offers strategic advisory, restructuring and reorganization, fund placement and funds advisory services to corporations, financial sponsors, institutional investors and governments. PJT Partners Inc. is based in NEW YORK, United States. “
  • 4/12/2018 – PJT Partners was downgraded by analysts at Sandler O’Neill from a “buy” rating to a “hold” rating. They now have a $57.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 4/12/2018 – PJT Partners had its price target raised by analysts at Bank of America from $55.00 to $60.00. They now have a “buy” rating on the stock.
  • 4/11/2018 – PJT Partners was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “PJT Partners Inc. is a financial advisory firm. The Company offers strategic advisory, restructuring and reorganization, fund placement and funds advisory services to corporations, financial sponsors, institutional investors and governments. PJT Partners Inc. is based in NEW YORK, United States. “
  • 3/15/2018 – PJT Partners was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “PJT Partners Inc. is a financial advisory firm. The Company offers strategic advisory, restructuring and reorganization, fund placement and funds advisory services to corporations, financial sponsors, institutional investors and governments. PJT Partners Inc. is based in NEW YORK, United States. “
  • 3/13/2018 – PJT Partners was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PJT Partners Inc. is a financial advisory firm. The Company offers strategic advisory, restructuring and reorganization, fund placement and funds advisory services to corporations, financial sponsors, institutional investors and governments. PJT Partners Inc. is based in NEW YORK, United States. “

PJT traded up $0.57 during midday trading on Monday, reaching $53.89. The company had a trading volume of 133,547 shares, compared to its average volume of 141,405. The stock has a market cap of $1,005.79, a price-to-earnings ratio of 34.99 and a beta of 0.36. PJT Partners has a 1 year low of $32.66 and a 1 year high of $54.49.

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PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The business had revenue of $190.55 million during the quarter. PJT Partners had a positive return on equity of 319.40% and a negative net margin of 6.52%. equities research analysts forecast that PJT Partners will post 2.58 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Tuesday, March 6th. PJT Partners’s payout ratio is 12.99%.

In other PJT Partners news, General Counsel James W. Cuminale sold 2,816 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $48.05, for a total value of $135,308.80. Following the completion of the sale, the general counsel now owns 49,502 shares in the company, valued at $2,378,571.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 8.01% of the company’s stock.

Several large investors have recently added to or reduced their stakes in PJT. New York State Common Retirement Fund grew its position in shares of PJT Partners by 13.3% during the third quarter. New York State Common Retirement Fund now owns 107,253 shares of the financial services provider’s stock worth $4,109,000 after purchasing an additional 12,570 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of PJT Partners during the third quarter worth about $168,000. Wells Fargo & Company MN grew its position in shares of PJT Partners by 7.8% during the third quarter. Wells Fargo & Company MN now owns 61,281 shares of the financial services provider’s stock worth $2,348,000 after purchasing an additional 4,430 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of PJT Partners by 11.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 76,632 shares of the financial services provider’s stock worth $2,936,000 after purchasing an additional 7,743 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of PJT Partners by 68.9% during the third quarter. Dimensional Fund Advisors LP now owns 208,047 shares of the financial services provider’s stock worth $7,970,000 after purchasing an additional 84,881 shares in the last quarter. Hedge funds and other institutional investors own 59.03% of the company’s stock.

PJT Partners Inc provides various strategic advisory, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.

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