PJT Partners Inc. (NYSE:PJT) Plans Quarterly Dividend of $0.25

PJT Partners Inc. (NYSE:PJT) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Wednesday, March 5th will be given a dividend of 0.25 per share by the financial services provider on Wednesday, March 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Wednesday, March 5th.

PJT Partners has increased its dividend payment by an average of 71.0% per year over the last three years. PJT Partners has a dividend payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PJT Partners to earn $5.40 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 18.5%.

PJT Partners Price Performance

PJT Partners stock traded up $3.17 during trading on Wednesday, reaching $176.94. 221,096 shares of the company were exchanged, compared to its average volume of 237,724. PJT Partners has a 52-week low of $88.51 and a 52-week high of $190.27. The company has a market capitalization of $4.19 billion, a P/E ratio of 44.91 and a beta of 0.67. The stock’s 50 day simple moving average is $160.59 and its two-hundred day simple moving average is $144.05.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.71. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The company had revenue of $477.30 million for the quarter, compared to the consensus estimate of $384.64 million. During the same quarter in the previous year, the business earned $0.96 earnings per share. The company’s revenue for the quarter was up 45.3% on a year-over-year basis. As a group, equities analysts forecast that PJT Partners will post 4.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PJT. Citizens Jmp cut PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. JMP Securities cut PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. Keefe, Bruyette & Woods lifted their price objective on PJT Partners from $152.00 to $177.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, UBS Group raised PJT Partners from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $130.00 to $175.00 in a research note on Friday, December 6th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $158.50.

Insider Buying and Selling

In other news, General Counsel David Adam Travin sold 1,541 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $159.18, for a total transaction of $245,296.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Costos sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $161.41, for a total value of $242,115.00. Following the transaction, the director now directly 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 disclosure for this sale can be found here. Insiders sold 4,766 shares of company stock valued at $762,980 in the last three months. 11.71% of the stock is owned by corporate insiders.

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.