PJT Partners FY2024 EPS Estimate Raised by Seaport Res Ptn

PJT Partners Inc. (NYSE:PJT) – Research analysts at Seaport Res Ptn boosted their FY2024 earnings per share estimates for shares of PJT Partners in a research report issued to clients and investors on Tuesday, October 29th. Seaport Res Ptn analyst J. Mitchell now expects that the financial services provider will post earnings per share of $4.40 for the year, up from their prior estimate of $4.35. The consensus estimate for PJT Partners’ current full-year earnings is $4.35 per share. Seaport Res Ptn also issued estimates for PJT Partners’ Q1 2025 earnings at $1.11 EPS, Q2 2025 earnings at $1.22 EPS, Q4 2025 earnings at $1.87 EPS and FY2026 earnings at $6.40 EPS.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.19. The firm had revenue of $326.30 million for the quarter, compared to analyst estimates of $313.46 million. PJT Partners had a net margin of 7.96% and a return on equity of 18.04%. PJT Partners’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the firm posted $0.78 EPS.

A number of other equities research analysts also recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. UBS Group lifted their price target on PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $128.00 price objective (up previously from $108.00) on shares of PJT Partners in a research report on Wednesday, July 31st. Finally, JMP Securities raised their target price on PJT Partners from $142.00 to $150.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $123.80.

PJT Partners Stock Up 0.8 %

Shares of NYSE:PJT opened at $138.98 on Thursday. PJT Partners has a fifty-two week low of $76.22 and a fifty-two week high of $151.10. The firm’s 50-day simple moving average is $132.74 and its 200-day simple moving average is $117.11. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 37.97 and a beta of 0.61.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.72%. PJT Partners’s payout ratio is 27.55%.

Insiders Place Their Bets

In other news, insider Ji-Yeun Lee sold 10,000 shares of PJT Partners stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $118.85, for a total transaction of $1,188,500.00. Following the completion of the transaction, the insider now owns 61,433 shares of the company’s stock, valued at $7,301,312.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other PJT Partners news, Director Grace Reksten Skaugen sold 2,015 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $124.86, for a total transaction of $251,592.90. Following the completion of the transaction, the director now owns 500 shares of the company’s stock, valued at approximately $62,430. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ji-Yeun Lee sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $118.85, for a total value of $1,188,500.00. Following the completion of the sale, the insider now owns 61,433 shares in the company, valued at $7,301,312.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,601 shares of company stock worth $2,870,848. 10.67% of the stock is owned by corporate insiders.

Institutional Trading of PJT Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PJT. Louisiana State Employees Retirement System boosted its stake in shares of PJT Partners by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the financial services provider’s stock worth $1,198,000 after purchasing an additional 100 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of PJT Partners by 0.9% during the third 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 buying an additional 100 shares during the period. American Century Companies Inc. boosted its position in PJT Partners by 0.8% during the second quarter. American Century Companies Inc. now owns 14,837 shares of the financial services provider’s stock worth $1,601,000 after acquiring an additional 120 shares during the last quarter. AQR Capital Management LLC grew its stake in PJT Partners by 3.3% in the 2nd quarter. AQR Capital Management LLC now owns 4,207 shares of the financial services provider’s stock worth $454,000 after acquiring an additional 136 shares during the period. Finally, Sei Investments Co. raised its holdings in PJT Partners by 1.4% in the 2nd quarter. Sei Investments Co. now owns 10,458 shares of the financial services provider’s stock valued at $1,129,000 after acquiring an additional 141 shares during the last quarter. 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.