PJT Partners (NYSE:PJT) Reaches New 12-Month High at $110.80

PJT Partners Inc. (NYSE:PJT) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $110.80 and last traded at $110.75, with a volume of 40440 shares changing hands. The stock had previously closed at $109.78.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PJT. UBS Group restated a “sell” rating and set a $75.00 price objective (down previously from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th. JMP Securities restated a “market outperform” rating and set a $110.00 price objective on shares of PJT Partners in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, PJT Partners presently has a consensus rating of “Hold” and an average target price of $93.25.

PJT Partners Stock Performance

The company’s fifty day moving average is $103.64 and its two-hundred day moving average is $99.81. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 30.24 and a beta of 0.62.

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, topping the consensus estimate of $0.45 by $0.53. PJT Partners had a net margin of 7.57% and a return on equity of 17.36%. The company had revenue of $329.39 million for the quarter, compared to the consensus estimate of $229.32 million. During the same quarter in the prior year, the company earned $0.54 EPS. PJT Partners’s quarterly revenue was up 64.7% on a year-over-year basis. On average, sell-side analysts anticipate that PJT Partners Inc. will post 4 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were issued a $0.25 dividend. The ex-dividend date was Wednesday, June 5th. This represents a $1.00 annualized dividend and a yield of 0.90%. PJT Partners’s dividend payout ratio (DPR) is presently 27.55%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fidelis Capital Partners LLC purchased a new position in shares of PJT Partners during the 1st quarter valued at approximately $39,000. EntryPoint Capital LLC lifted its position in shares of PJT Partners by 27.6% during the 1st quarter. EntryPoint Capital LLC now owns 1,662 shares of the financial services provider’s stock valued at $157,000 after buying an additional 359 shares in the last quarter. Shell Asset Management Co. lifted its position in shares of PJT Partners by 41.0% during the 1st quarter. Shell Asset Management Co. now owns 2,074 shares of the financial services provider’s stock valued at $195,000 after buying an additional 603 shares in the last quarter. Park Place Capital Corp purchased a new position in PJT Partners in the 2nd quarter valued at $205,000. Finally, M&T Bank Corp purchased a new position in PJT Partners in the 4th quarter valued at $217,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

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.