PJT Partners (NYSE:PJT) Hits New 12-Month High at $84.24

PJT Partners Inc. (NYSE:PJT) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $84.24 and last traded at $83.92, with a volume of 1183 shares changing hands. The stock had previously closed at $82.76.

Several brokerages have recently issued reports on PJT. JMP Securities reiterated a “buy” rating and issued a $98.00 target price on shares of PJT Partners in a research report on Monday, September 20th. Zacks Investment Research upgraded shares of PJT Partners from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research report on Saturday, October 9th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $91.75.

The company’s 50 day moving average price is $78.87 and its two-hundred day moving average price is $74.32. The stock has a market capitalization of $2.05 billion, a PE ratio of 17.40 and a beta of 0.93.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Thursday, July 29th. The financial services provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.12. The firm had revenue of $240.68 million for the quarter, compared to the consensus estimate of $220.64 million. PJT Partners had a net margin of 11.89% and a return on equity of 29.98%. On average, research analysts expect that PJT Partners Inc. will post 4.87 earnings per share for the current year.

The firm also recently declared a dividend, which will be paid on Monday, October 18th. Stockholders of record on Monday, October 4th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, October 1st. PJT Partners’s dividend payout ratio is currently 4.06%.

Several large investors have recently bought and sold shares of PJT. Grandeur Peak Global Advisors LLC raised its stake in PJT Partners by 34.3% during the second quarter. Grandeur Peak Global Advisors LLC now owns 280,824 shares of the financial services provider’s stock worth $20,045,000 after purchasing an additional 71,748 shares during the period. Invesco Ltd. raised its stake in PJT Partners by 8.4% during the second quarter. Invesco Ltd. now owns 14,221 shares of the financial services provider’s stock worth $1,015,000 after purchasing an additional 1,106 shares during the period. Metropolitan Life Insurance Co NY raised its stake in PJT Partners by 113,833.3% during the second quarter. Metropolitan Life Insurance Co NY now owns 6,836 shares of the financial services provider’s stock worth $488,000 after purchasing an additional 6,830 shares during the period. Millennium Management LLC raised its stake in PJT Partners by 118.7% during the second quarter. Millennium Management LLC now owns 150,155 shares of the financial services provider’s stock worth $10,718,000 after purchasing an additional 81,495 shares during the period. Finally, Man Group plc purchased a new stake in shares of PJT Partners in the 2nd quarter valued at approximately $1,749,000. 66.91% of the stock is currently owned by hedge funds and other institutional investors.

PJT Partners Company Profile (NYSE:PJT)

PJT Partners, Inc is a holding company, which engages in the provision of advisory-investment solutions. It specializes in strategic advisory, shareholder engagement, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments.

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