Seaport Res Ptn Reduces Earnings Estimates for PJT Partners

PJT Partners Inc. (NYSE:PJT) – Stock analysts at Seaport Res Ptn dropped their Q4 2024 earnings per share estimates for PJT Partners in a research note issued on Monday, January 13th. Seaport Res Ptn analyst J. Mitchell now expects that the financial services provider will post earnings of $1.11 per share for the quarter, down from their prior estimate of $1.30. The consensus estimate for PJT Partners’ current full-year earnings is $4.40 per share. Seaport Res Ptn also issued estimates for PJT Partners’ Q2 2025 earnings at $1.27 EPS and Q4 2025 earnings at $1.82 EPS.

Other equities analysts also recently issued reports about the company. Keefe, Bruyette & Woods reduced their price objective on PJT Partners from $159.00 to $152.00 and set a “market perform” rating for the company in a research report on Monday. UBS Group upgraded PJT Partners from a “sell” rating to a “neutral” rating and upped their target price for the stock from $130.00 to $175.00 in a research report on Friday, December 6th. JMP Securities cut PJT Partners from an “outperform” rating to a “market perform” rating in a report on Monday. Finally, Citizens Jmp downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, PJT Partners currently has an average rating of “Hold” and a consensus price target of $152.25.

PJT Partners Stock Up 2.9 %

Shares of PJT stock opened at $156.65 on Tuesday. The business has a 50 day moving average of $159.58 and a two-hundred day moving average of $138.73. PJT Partners has a 52 week low of $88.51 and a 52 week high of $168.92. The company has a market cap of $3.71 billion, a P/E ratio of 39.76 and a beta of 0.66.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $326.30 million during the quarter, compared to analyst estimates of $313.46 million. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. PJT Partners’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 earnings per share.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Wednesday, December 4th. PJT Partners’s dividend payout ratio is currently 25.38%.

Insider Buying and Selling

In other news, Director James Costos sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $161.41, for a total transaction of $242,115.00. Following the completion of the transaction, the director now owns 9,360 shares of the company’s stock, valued at approximately $1,510,797.60. This represents a 13.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth C. Whitney sold 1,725 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total transaction of $275,568.75. Following the transaction, the director now directly owns 9,100 shares of the company’s stock, valued at $1,453,725. This represents a 15.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,766 shares of company stock worth $762,980. Corporate insiders own 11.71% of the company’s stock.

Institutional Trading of PJT Partners

Several hedge funds have recently modified their holdings of PJT. Point72 Asset Management L.P. acquired a new stake in shares of PJT Partners during the second quarter worth $13,803,000. Congress Asset Management Co. boosted its holdings in shares of PJT Partners by 29.6% during the 3rd quarter. Congress Asset Management Co. now owns 317,974 shares of the financial services provider’s stock worth $42,399,000 after buying an additional 72,582 shares during the period. State Street Corp boosted its holdings in shares of PJT Partners by 5.7% during the 3rd quarter. State Street Corp now owns 1,001,911 shares of the financial services provider’s stock worth $133,595,000 after buying an additional 54,071 shares during the period. Marshall Wace LLP bought a new stake in PJT Partners in the 2nd quarter valued at about $5,801,000. Finally, Geode Capital Management LLC boosted its holdings in PJT Partners by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 619,037 shares of the financial services provider’s stock valued at $82,556,000 after purchasing an additional 45,327 shares during the period. 89.23% of the stock is owned by institutional investors.

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.