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

PJT Partners Inc. (NYSE:PJT) announced a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Investors of record on Wednesday, March 5th will be paid 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 yield of 0.57%. The ex-dividend date 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 payout ratio of 15.1% indicating that 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 Stock Performance

NYSE:PJT traded up $3.17 on Wednesday, hitting $176.94. The stock had a trading volume of 307,100 shares, compared to its average volume of 242,100. The firm’s fifty day simple moving average is $160.59 and its two-hundred day simple moving average is $144.05. The stock has a market cap of $4.19 billion, a P/E ratio of 44.91 and a beta of 0.67. PJT Partners has a 1 year low of $88.51 and a 1 year high of $190.27.

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

Wall Street Analyst Weigh In

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

Insider Transactions at PJT Partners

In other PJT Partners news, Director Kenneth C. Whitney sold 1,725 shares of PJT Partners stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $159.75, for a total value of $275,568.75. Following the transaction, the director now directly owns 9,100 shares of the company’s stock, valued at $1,453,725. The trade was a 15.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel David Adam Travin sold 1,541 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $159.18, for a total transaction of $245,296.38. The disclosure for this sale can be found here. In the last three months, insiders sold 4,766 shares of company stock worth $762,980. 11.71% of the stock is currently owned by corporate insiders.

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.