PJT Partners (NYSE:PJT) PT Raised to $150.00 at JMP Securities

by · The Cerbat Gem

PJT Partners (NYSE:PJT – Get Free Report) had its target price raised by analysts at JMP Securities from $142.00 to $150.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ target price would indicate a potential upside of 7.01% from the stock’s previous close.

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

View Our Latest Research Report on PJT

PJT Partners Stock Performance

NYSE PJT opened at $140.18 on Wednesday. The stock has a market capitalization of $3.33 billion, a P/E ratio of 36.60 and a beta of 0.61. PJT Partners has a 52 week low of $71.47 and a 52 week high of $143.04. The stock has a fifty day moving average of $126.51 and a 200-day moving average of $112.19.

PJT Partners (NYSE:PJT – Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.49. The firm had revenue of $360.00 million for the quarter, compared to analysts’ expectations of $281.93 million. PJT Partners had a net margin of 7.96% and a return on equity of 18.04%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.99 earnings per share. Equities research analysts forecast that PJT Partners will post 4.35 earnings per share for the current fiscal year.

Insider Buying and Selling at PJT Partners

In other news, Director Kievdi Don Cornwell sold 11,586 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $123.49, for a total transaction of $1,430,755.14. Following the completion of the transaction, the director now directly owns 8,339 shares of the company’s stock, valued at $1,029,783.11. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Kievdi Don Cornwell sold 11,586 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Emily K. Rafferty sold 1,696 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $130.79, for a total transaction of $221,819.84. Following the completion of the transaction, the director now directly owns 7,404 shares of the company’s stock, valued at approximately $968,369.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,297 shares of company stock valued at $3,092,668 in the last 90 days. 11.71% of the stock is currently owned by company insiders.

Institutional Trading of PJT Partners

A number of hedge funds and other institutional investors have recently modified their holdings of PJT. SouthState Corp bought a new stake in PJT Partners during the second quarter worth $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of PJT Partners in the second quarter valued at approximately $30,000. Fidelis Capital Partners LLC acquired a new stake in shares of PJT Partners in the first quarter valued at approximately $39,000. GAMMA Investing LLC boosted its stake in shares of PJT Partners by 76.4% during the 3rd quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 146 shares during the period. Finally, EntryPoint Capital LLC increased its holdings in shares of PJT Partners by 27.6% during the 1st quarter. EntryPoint Capital LLC now owns 1,662 shares of the financial services provider’s stock worth $157,000 after acquiring an additional 359 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Company Profile

(Get Free Report)

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.

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