The Vanguard Group, Inc. recently announced the acquisition of new stake in PJT Partners Inc. (NYSE:PJT). The institutional investor has increased its shareholding in the Financial company by 0.18% to 2.03 million shares with purchase of 3659.0 shares. This fresh investment now brings its stake to 8.32% valued currently at $149.77 million. In addition, ClearBridge Investments LLC raised its holdings by 4558.0 to 1.0 million shares. And AllianceBernstein LP has lifted its position by 12.20% or 92315.0 shares – to 0.85 million shares.
With over 0.13 million PJT Partners Inc. (PJT) shares trading Friday and a closing price of $79.21 on the day, the dollar volume was approximately $10.27 million. The shares have shown a positive half year performance of 19.22% and its price on 01/13/23 gained nearly 0.65%. Currently, there are 24.97M common shares owned by the public and among those 22.49M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for PJT have a consensus price objective of $86.00. The analysts have set the share’s price value over the next 12 months at a high of $89.00 and a low of $83.00. The average price target is 7.25% above its recent price level and an upside to the estimated low will see the stock gain 4.57% over that period. But an upside of 11.0% will see the stock hit the forecast high price target while median target price for the stock is $86.00.
Insiders at the company have transacted a total of 7 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 4 of these insider trades were purchases, accounting for 40,957 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 71,500 shares.
The top 3 mutual fund holders in PJT Partners Inc. are ClearBridge Small Cap Growth Fund, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. ClearBridge Small Cap Growth Fund owns 0.82 million shares of the company’s stock, all valued at over $60.27 million. The company sold 13825.0 shares recently to bring their total holdings to about 3.35% of the shares outstanding. Vanguard Small Cap Index Fund bought 46.0 shares to bring its total holdings to over 0.56 million shares at a value of $41.43 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.30% of the shares outstanding.
Shares of PJT Partners Inc. (NYSE: PJT) opened at $78.76, up $0.06 from a prior closing price of $78.70. However, the script later moved the day high at 79.40, up 0.65%. The company’s stock has a 5-day price change of 3.37% and 12.34% over the past three months. PJT shares are trading 7.49% year to date (YTD), with the 12-month market performance up to 3.50% higher. It has a 12-month low price of $54.48 and touched a high of $81.41 over the same period. PJT has an average intraday trading volume of 147.86K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.30%, 3.30%, and 10.59% respectively.
Institutional ownership of PJT Partners Inc. (NYSE: PJT) shares accounts for 73.00% of the company’s 24.97M shares outstanding. Mutual fund holders own 31.96%, while other institutional holders and individual stakeholders account for 38.77% and 3.27% respectively.
It has a market capitalization of $3.15B and a beta (3y monthly) value of 0.77. The stock’s trailing 12-month PE ratio is 20.69, while the earnings-per-share (ttm) stands at $3.83. The company has a PEG of 0.85 and the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.07% over the week and 2.34% over the month.
Analysts forecast that PJT Partners Inc. (PJT) will achieve an EPS of $1.24 for the current quarter, $0.89 for the next quarter and $4.92 for 2023. The lowest estimate earnings-per-share for the quarter is $1.04 while analysts give the company a high EPS estimate of $1.39. Comparatively, EPS for the current quarter was $1.52 a year ago. Earnings per share for the fiscal year are expected to decrease by -9.50%, and 21.04% over the next financial year. EPS should shrink at an annualized rate of 24.40% over the next five years, compared to 91.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate PJT Partners Inc. (PJT) as a “Strong Buy” at a consensus score of 1.80. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 0 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the PJT, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on April 07, 2022, with the firm’s price target at $83. Keefe Bruyette coverage for the PJT Partners Inc. (PJT) stock in a research note released on April 06, 2022 offered a Outperform rating with a price target of $79. Keefe Bruyette on their part issued Outperform rating on March 26, 2021.