PJT Partners (NYSE:PJT) PT Raised to $150.00

PJT Partners (NYSE:PJT) had its price target upped by equities researchers at JMP Securities from $142.00 to $150.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ price objective suggests a potential upside of 6.59% from the stock’s previous close.

Other analysts also recently issued research reports about the company. The Goldman Sachs Group boosted their price objective on PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $128.00 target price (up previously from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. Finally, UBS Group lifted their target price on PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, PJT Partners currently has an average rating of “Hold” and an average target price of $123.80.

PJT Partners Trading Up 2.7 %

NYSE PJT opened at $140.73 on Wednesday. The stock’s 50-day moving average price is $126.07 and its two-hundred day moving average price is $111.79. The company has a market cap of $3.35 billion, a PE ratio of 38.77 and a beta of 0.61. PJT Partners has a 1 year low of $71.47 and a 1 year high of $141.85.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.49. The firm had revenue of $360.00 million for the quarter, compared to the consensus estimate of $281.93 million. PJT Partners had a return on equity of 18.04% and a net margin of 7.96%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 EPS. Research analysts forecast that PJT Partners will post 4.35 EPS for the current fiscal year.

Insider Activity at PJT Partners

In related news, Director Emily K. Rafferty sold 1,696 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $130.79, for a total value of $221,819.84. Following the completion of the sale, the director now owns 7,404 shares of the company’s stock, valued at approximately $968,369.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other PJT Partners news, Director Grace Reksten Skaugen sold 2,015 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 500 shares of the company’s stock, valued at $62,430. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Emily K. Rafferty sold 1,696 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $130.79, for a total value of $221,819.84. Following the sale, the director now directly owns 7,404 shares of the company’s stock, valued at $968,369.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,297 shares of company stock valued at $3,092,668. 10.67% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PJT Partners

Large investors have recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund bought a new stake in PJT Partners during the first quarter worth approximately $1,262,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in PJT Partners by 36.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,049 shares of the financial services provider’s stock worth $8,017,000 after purchasing an additional 22,556 shares during the period. Champlain Investment Partners LLC bought a new stake in PJT Partners during the first quarter worth approximately $43,029,000. BNP Paribas Financial Markets boosted its position in PJT Partners by 116.0% during the first quarter. BNP Paribas Financial Markets now owns 41,251 shares of the financial services provider’s stock worth $3,888,000 after purchasing an additional 22,157 shares during the period. Finally, FORA Capital LLC acquired a new position in shares of PJT Partners during the first quarter worth approximately $647,000. 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.