PJT Partners (NYSE:PJT) shares hit a new 52-week high and low during trading on Thursday . The company traded as low as $53.76 and last traded at $53.77, with a volume of 53895 shares trading hands. The stock had previously closed at $52.93.
A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of PJT Partners from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Thursday, March 15th. Sandler O’Neill set a $55.00 price target on shares of PJT Partners and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, Buckingham Research assumed coverage on shares of PJT Partners in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $51.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $50.20.
The firm has a market capitalization of $998.43, a PE ratio of 34.45, a P/E/G ratio of 0.79 and a beta of 0.36.
PJT Partners (NYSE:PJT) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.12. PJT Partners had a negative net margin of 6.52% and a positive return on equity of 319.40%. The firm had revenue of $190.55 million for the quarter. sell-side analysts expect that PJT Partners will post 2.5 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Tuesday, March 6th. PJT Partners’s dividend payout ratio is 12.99%.
In other news, General Counsel James W. Cuminale sold 2,816 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $48.05, for a total value of $135,308.80. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 8.01% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of PJT. New York State Common Retirement Fund grew its holdings in shares of PJT Partners by 13.3% in 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 during the last quarter. SG Americas Securities LLC bought a new position in shares of PJT Partners in the third quarter worth approximately $168,000. Trexquant Investment LP bought a new position in shares of PJT Partners in the third quarter worth approximately $245,000. Wells Fargo & Company MN grew its holdings in shares of PJT Partners by 7.8% in 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 during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in PJT Partners by 11.2% in 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 acquiring an additional 7,743 shares during the period. Hedge funds and other institutional investors own 59.02% of the company’s stock.
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PJT Partners Company Profile
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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