PJT Partners (NYSE:PJT) had its price objective trimmed by Buckingham Research from $49.00 to $42.00 in a report released on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Separately, Zacks Investment Research restated a hold rating on shares of Western New England Bancorp in a research report on Saturday, June 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $56.00.

Shares of PJT opened at $38.50 on Thursday. The firm’s 50-day moving average is $39.60. PJT Partners has a twelve month low of $35.28 and a twelve month high of $61.18. The company has a market capitalization of $913.37 million, a PE ratio of 20.16, a PEG ratio of 0.67 and a beta of 1.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.13 and a current ratio of 5.13.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.04). PJT Partners had a net margin of 4.01% and a return on equity of 15.66%. The company had revenue of $128.06 million for the quarter. Equities analysts expect that PJT Partners will post 2.34 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, June 5th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Tuesday, June 4th. PJT Partners’s payout ratio is currently 10.47%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Ropes Wealth Advisors LLC bought a new position in PJT Partners during the first quarter valued at approximately $42,000. Pittenger & Anderson Inc. boosted its stake in shares of PJT Partners by 5,639.1% during the first quarter. Pittenger & Anderson Inc. now owns 1,320 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 1,297 shares during the period. Advisor Group Inc. boosted its stake in shares of PJT Partners by 49.3% during the fourth quarter. Advisor Group Inc. now owns 2,415 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 797 shares during the period. Parallel Advisors LLC boosted its stake in shares of PJT Partners by 40.5% during the first quarter. Parallel Advisors LLC now owns 2,583 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 745 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of PJT Partners during the first quarter valued at approximately $125,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic advisory, shareholder engagement, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.

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