PJT Partners (NYSE:PJT) Rating Lowered to “Hold” at Citizens Jmp

PJT Partners (NYSE:PJT) was downgraded by investment analysts at Citizens Jmp from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

PJT has been the subject of several other reports. JMP Securities lowered PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday. Keefe, Bruyette & Woods reduced their price target on shares of PJT Partners from $159.00 to $152.00 and set a “market perform” rating for the company in a report on Monday. Finally, UBS Group raised shares of PJT Partners from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $130.00 to $175.00 in a research report on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $152.25.

PJT Partners Stock Up 2.9 %

Shares of NYSE PJT opened at $156.65 on Monday. PJT Partners has a twelve month low of $88.51 and a twelve month high of $168.92. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 39.76 and a beta of 0.66. The company’s fifty day moving average is $159.58 and its 200-day moving average is $138.73.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The firm had revenue of $326.30 million for the quarter, compared to analyst estimates of $313.46 million. During the same period in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, research analysts anticipate that PJT Partners will post 4.4 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Kenneth C. Whitney sold 1,725 shares of PJT Partners stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $159.75, for a total value of $275,568.75. Following the sale, the director now owns 9,100 shares of the company’s stock, valued at approximately $1,453,725. The trade was a 15.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel David Adam Travin sold 1,541 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $159.18, for a total value of $245,296.38. The disclosure for this sale can be found here. Insiders sold a total of 4,766 shares of company stock valued at $762,980 in the last quarter. 11.71% of the stock is currently owned by insiders.

Institutional Trading of PJT Partners

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP increased its holdings in shares of PJT Partners by 186.3% during the 3rd quarter. Quarry LP now owns 209 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 136 shares during the last quarter. GAMMA Investing LLC raised its position in shares of PJT Partners by 76.4% in the third quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 146 shares during the period. KBC Group NV raised its position in shares of PJT Partners by 113.0% in the third quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 426 shares during the period. nVerses Capital LLC acquired a new stake in shares of PJT Partners during the 3rd quarter worth about $213,000. Finally, D.A. Davidson & CO. bought a new stake in shares of PJT Partners during the 3rd quarter worth about $234,000. Institutional investors own 89.23% of the company’s stock.

PJT Partners Company Profile

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.