Q4 EPS Estimates for PJT Partners Reduced by Seaport Res Ptn

PJT Partners Inc. (NYSE:PJT) – Research analysts at Seaport Res Ptn cut their Q4 2024 earnings per share estimates for PJT Partners in a research note issued on Tuesday, October 29th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will earn $1.30 per share for the quarter, down from their prior estimate of $1.43. The consensus estimate for PJT Partners’ current full-year earnings is $4.40 per share. Seaport Res Ptn also issued estimates for PJT Partners’ Q3 2025 earnings at $1.20 EPS.

PJT has been the topic of a number of other reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $128.00 price target (up from $108.00) on shares of PJT Partners in a report on Wednesday, July 31st. JMP Securities upped their price target on PJT Partners from $142.00 to $150.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. The Goldman Sachs Group upped their price target on PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, UBS Group upped their price target on PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a report on Tuesday, October 8th. 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $123.80.

PJT Partners Trading Up 0.4 %

NYSE PJT opened at $139.55 on Friday. PJT Partners has a 12 month low of $77.90 and a 12 month high of $151.10. The stock has a market cap of $3.32 billion, a P/E ratio of 35.42 and a beta of 0.61. The stock’s fifty day moving average price is $133.05 and its 200-day moving average price is $117.26.

PJT Partners (NYSE:PJT) last released its earnings results on Tuesday, October 29th. The financial services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.19. PJT Partners had a return on equity of 18.98% and a net margin of 8.03%. The firm had revenue of $326.30 million for the quarter, compared to analysts’ expectations of $313.46 million. During the same period in the prior year, the firm posted $0.78 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis.

Institutional Trading of PJT Partners

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in PJT Partners by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,447,154 shares of the financial services provider’s stock valued at $230,669,000 after buying an additional 17,463 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in PJT Partners by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 458,216 shares of the financial services provider’s stock valued at $49,446,000 after buying an additional 22,117 shares in the last quarter. Champlain Investment Partners LLC purchased a new position in PJT Partners during the 1st quarter valued at approximately $43,029,000. Congress Asset Management Co. grew its holdings in 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 valued at $42,399,000 after buying an additional 72,582 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in PJT Partners during the 2nd quarter valued at approximately $13,803,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Insiders Place Their Bets

In other PJT Partners news, Director Grace Reksten Skaugen sold 2,015 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $124.86, for a total value of $251,592.90. Following the completion of the sale, the director now owns 500 shares in the company, valued at $62,430. This represents a 0.00 % decrease in their ownership of the stock. The sale 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 company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $124.86, for a total value of $251,592.90. Following the completion of the sale, the director now owns 500 shares in the company, valued at $62,430. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kievdi Don Cornwell sold 11,586 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $123.49, for a total value of $1,430,755.14. Following the sale, the director now owns 8,339 shares of the company’s stock, valued at $1,029,783.11. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,601 shares of company stock worth $2,870,848 over the last quarter. 11.71% of the stock is currently owned by corporate insiders.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Wednesday, December 4th. PJT Partners’s payout ratio is 25.38%.

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.