Seaport Res Ptn Predicts Weaker Earnings for PJT Partners

PJT Partners Inc. (NYSE:PJT) – Analysts at Seaport Res Ptn lowered their Q3 2026 earnings estimates for shares of PJT Partners in a report released on Monday, July 14th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will post earnings per share of $1.58 for the quarter, down from their prior forecast of $1.61. The consensus estimate for PJT Partners’ current full-year earnings is $6.20 per share. Seaport Res Ptn also issued estimates for PJT Partners’ Q4 2026 earnings at $2.60 EPS and FY2027 earnings at $8.30 EPS.

A number of other analysts also recently issued reports on PJT. Wolfe Research reissued an “underperform” rating on shares of PJT Partners in a research report on Thursday, July 10th. Keefe, Bruyette & Woods increased their price objective on shares of PJT Partners from $161.00 to $199.00 and gave the company a “market perform” rating in a research report on Monday. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $164.00.

PJT Partners Price Performance

PJT Partners stock opened at $178.80 on Tuesday. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 31.53 and a beta of 0.76. PJT Partners has a 12 month low of $115.74 and a 12 month high of $190.28. The stock’s 50-day moving average is $157.14 and its 200-day moving average is $152.81.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.11. PJT Partners had a return on equity of 23.81% and a net margin of 10.47%. The business had revenue of $324.50 million for the quarter, compared to analyst estimates of $361.26 million. During the same period last year, the company posted $0.98 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis.

Institutional Trading of PJT Partners

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. New York State Teachers Retirement System increased its stake in shares of PJT Partners by 11.4% in the first quarter. New York State Teachers Retirement System now owns 12,253 shares of the financial services provider’s stock valued at $1,689,000 after purchasing an additional 1,254 shares during the period. Millennium Management LLC acquired a new stake in PJT Partners in the 4th quarter valued at approximately $555,000. GAMMA Investing LLC increased its position in PJT Partners by 18,294.4% in the 1st quarter. GAMMA Investing LLC now owns 82,039 shares of the financial services provider’s stock valued at $11,312,000 after acquiring an additional 81,593 shares during the period. Principal Financial Group Inc. raised its stake in PJT Partners by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 143,579 shares of the financial services provider’s stock valued at $19,797,000 after acquiring an additional 3,645 shares in the last quarter. Finally, Richard Bernstein Advisors LLC acquired a new position in PJT Partners during the 1st quarter worth $3,373,000. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, Director Kievdi Don Cornwell sold 10,403 shares of the business’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $150.29, for a total transaction of $1,563,466.87. Following the completion of the sale, the director owned 8,847 shares in the company, valued at $1,329,615.63. The trade was a 54.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel David Adam Travin sold 5,000 shares of PJT Partners stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $141.74, for a total transaction of $708,700.00. Following the completion of the transaction, the general counsel directly owned 2,288 shares of the company’s stock, valued at $324,301.12. This trade represents a 68.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $3,722,082 over the last ninety days. 11.75% of the stock is currently owned by corporate insiders.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Wednesday, June 4th. PJT Partners’s payout ratio is 17.64%.

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.