Shares of PJT Partners Inc (NYSE:PJT) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price objective of $47.50 for the company and are expecting that the company will post $0.73 earnings per share for the current quarter, according to Zacks. Zacks has also assigned PJT Partners an industry rank of 118 out of 265 based on the ratings given to related companies.
PJT has been the subject of several research analyst reports. JMP Securities initiated coverage on PJT Partners in a report on Monday, September 18th. They issued an “outperform” rating and a $45.00 price objective for the company. Zacks Investment Research lowered PJT Partners from a “hold” rating to a “sell” rating in a report on Friday, October 13th.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.44%. The ex-dividend date was Tuesday, December 5th. PJT Partners’s dividend payout ratio is currently 32.79%.
PJT Partners announced that its Board of Directors has authorized a stock buyback plan on Tuesday, October 31st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
Several large investors have recently bought and sold shares of PJT. Teachers Advisors LLC grew its holdings in shares of PJT Partners by 3.7% during the first quarter. Teachers Advisors LLC now owns 30,190 shares of the financial services provider’s stock valued at $1,059,000 after purchasing an additional 1,079 shares during the last quarter. Strs Ohio grew its holdings in shares of PJT Partners by 6.5% during the second quarter. Strs Ohio now owns 6,600 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 400 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of PJT Partners by 15.7% during the second quarter. IFP Advisors Inc now owns 2,688 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 365 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of PJT Partners by 0.8% during the second quarter. First Trust Advisors LP now owns 13,595 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 111 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of PJT Partners by 7.2% during the second quarter. Rhumbline Advisers now owns 20,733 shares of the financial services provider’s stock valued at $834,000 after purchasing an additional 1,396 shares during the last quarter. 58.20% of the stock is owned by institutional investors.
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About PJT Partners
PJT Partners Inc is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.
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