PJT Partners Inc

PJT Partners Inc

PJT · NYSE · Financial Services / Capital Markets

150.90USD-0.39 (-0.26%)

Price History

Full chart

Market Stats

Previous Close151.29
Open152.63
Day Range150.30 – 153.06
52-Week Range127.35 – 194.71
Volume223.52K
Market Cap6.46B
P/E (TTM)20.68
Forward P/E16.50
EPS7.34
Dividend Yield0.66%
Beta0.83
50-Day Avg169.14
200-Day Avg160.73

About

PJT Partners Inc., an investment bank, provides various strategic advisory, shareholder advisory, capital markets advisory, and restructuring and special situations 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. The company also provides advisory services for private and public company boards and management teams on strategies for building productive investor relationships with a focus on shareholder engagement; complex investor matters; and other critical strategic, governance, and shareholder matters. In addition, it offers advisory services related to debt and equity markets, including debt financings, acquisition financings, structured product offerings, public equity raises initial public offerings, private capital raises, general partner advisory, and other capital structure related matters. Further, the company provides geopolitical and policy advisory practice that assists corporate boards and management teams with navigating changing geopolitical relationships. Additionally, it offers advisory services in the areas of liability management, and restructurings and special situations comprising bespoke financing, tort liability resolutions, distressed M&A, and chapter 11 matters, as well as to corporate clients, financial sponsors, and creditors. The company also provides private fund advisory and fundraising services for a range of investment strategies; and advisory services to general and limited partners on liquidity and other structured solutions. The company was formerly known as Blackstone Advisory Inc. and changed its name to PJT Partners Inc. in March 2015. PJT Partners Inc. was incorporated in 2014 and is headquartered in New York, New York.

Company Details

  • SectorFinancial Services
  • IndustryCapital Markets
  • CEOMr. Paul Jeffrey Taubman B.S., M.B.A.
  • Employees1.22K
  • Headquarters280 Park Avenue, New York, NY, United States, 10017, USA
  • Websitehttps://www.pjtpartners.com

Leadership

  • Mr. Paul Jeffrey Taubman B.S., M.B.A.Founder, Chairman & CEO · b. 1961
  • Ms. Ji-Yeun LeeManaging Partner · b. 1967
  • Ms. Helen Therese MeatesChief Financial Officer · b. 1962
  • Mr. David Adam TravinGeneral Counsel · b. 1976
  • Ms. Paige CostiganChief Operating Officer
  • Mr. Jason NoblePartner
  • Ms. Sharon PearsonMD & Head of Investor & External Relations
  • Mr. Steven MurrayPartner & Chief Human Resources Officer
  • Mr. Tom CampbellPartner & Head of the EMEA Restructuring and Special Situations Group
  • Mr. Nick TansleyMD of Strategic Advisory Group & Head of European Industrials

Financials

Income Statement

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue354.62M396.95M401.07M405.94M499.43M499.28M580.25M717.64M1.05B991.95M1.03B1.15B1.49B1.71B
Growth (%)-+11.94%+1.04%+1.21%+23.03%-0.03%+16.22%+23.68%+46.63%-5.74%+3.38%+12.45%+29.48%+14.77%
Cost of Revenue318.25M339.78M317.48M315.19M381.00M391.51M424.46M502.17M683.39M640.04M669.14M805.38M1.03B1.16B
Gross Profit36.36M57.18M83.59M90.74M118.43M107.77M155.79M215.47M368.91M351.90M356.36M347.80M461.11M555.72M
Gross Margin10.25%14.40%20.84%22.35%23.71%21.58%26.85%30.03%35.06%35.48%34.75%30.16%30.88%32.43%
Operating Expense57.51M63.28M64.64M89.07M79.12M78.69M93.64M106.90M94.36M106.52M125.23M149.99M171.25M192.86M
Operating Income-21.14M-6.11M18.95M1.67M39.31M29.07M62.15M108.57M274.54M245.39M231.13M197.80M289.85M362.86M
Operating Margin-5.96%-1.54%4.72%0.41%7.87%5.82%10.71%15.13%26.09%24.74%22.54%17.15%19.41%21.17%
EBITDA-10.53M2.67M26.72M16.54M53.34M37.22M72.12M141.38M310.90M280.31M267.35M234.46M318.52M394.11M
EBITDA Margin-2.97%0.67%6.66%4.08%10.68%7.45%12.43%19.70%29.54%28.26%26.07%20.33%21.33%23.00%
Net Income-42.55M-17.17M4.49M7.58M-3.03M-32.55M27.17M29.56M117.55M106.17M90.53M81.80M134.39M180.12M
Net Income Margin-12.00%-4.33%1.12%1.87%-0.61%-6.52%4.68%4.12%11.17%10.70%8.83%7.09%9.00%10.51%
R&D---00.030.020.070.110.240.220.20.15--
R&D as % of Total Revenue---0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense000000060.61M121.46M111.47M109.11M---
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%8.45%11.54%11.24%10.64%---

Balance Sheet

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-319.66M347.95M467.25M590.48M558.97M671.82M952.78M1.17B987.63M1.05B1.43B1.64B1.91B
Total Liabilities-18.33M15.63M435.17M599.04M136.51M184.07M378.26M483.76M350.05M291.09M573.81M733.69M897.97M
Total Equity-301.33M332.32M32.08M-8.56M422.45M487.75M31.39M154.26M120.23M185.11M244.67M187.01M308.25M
Cash-29.66M38.53M82.32M152.43M145.62M106.11M215.95M299.51M200.48M173.24M355.54M483.88M538.86M
Total Debt---425.00K365.00K288.00K38.50M204.42M172.29M157.01M135.63M330.60M354.52M413.92M
Net Debt--29.66M-38.53M-82.32M-152.07M-145.33M-76.11M-11.53M-127.22M-43.47M-37.61M-24.94M-129.36M-124.94M

Cash Flow

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow27.63M50.17M49.99M112.18M116.85M111.22M122.94M211.41M469.59M124.16M242.73M441.53M530.95M526.30M
Investing Cash Flow---24.19M-24.19M-12.55M-38.24M-31.49M-1.72M-145.75M131.35M-53.23M-34.35M8.06M-28.55M
Financing Cash Flow-59.77M-45.10M-41.12M-44.21M-32.52M-79.64M-130.68M-101.29M-244.42M-353.38M-210.02M-228.08M-408.68M-453.79M
Capital Expenditure0034.58M35.92M13.09M1.06M7.21M8.81M8.85M6.47M3.43M3.93M3.30M45.86M
Free Cash Flow27.63M50.17M49.99M76.26M103.76M110.15M115.73M202.59M460.73M117.69M239.30M437.61M527.65M480.44M
Dividends Paid--3.73M88.89M3.73M3.80M4.32M4.64M4.82M77.97M24.63M24.44M24.13M24.52M
FCF to OCF100.00%100.00%100.00%67.98%88.80%99.05%94.14%95.83%98.11%94.79%98.59%99.11%99.38%91.29%
Dividend Paid to FCF--7.46%116.56%3.59%3.45%3.73%2.29%1.05%66.25%10.29%5.58%4.57%5.10%

Earnings

Report DateNov 12, 2015Feb 11, 2016May 9, 2016Jul 29, 2016Nov 1, 2016Feb 9, 2017May 2, 2017Aug 2, 2017Oct 31, 2017Feb 7, 2018May 2, 2018Jul 31, 2018Oct 30, 2018Feb 7, 2019May 1, 2019Jul 30, 2019Oct 29, 2019Feb 6, 2020Apr 28, 2020Jul 28, 2020Oct 27, 2020Feb 2, 2021Apr 27, 2021Jul 29, 2021Oct 26, 2021Feb 1, 2022Apr 26, 2022Jul 26, 2022Oct 25, 2022Feb 7, 2023May 2, 2023Jul 25, 2023Oct 31, 2023Feb 6, 2024May 2, 2024Jul 30, 2024Oct 29, 2024Feb 4, 2025Apr 29, 2025Jul 29, 2025Nov 4, 2025Feb 3, 2026Apr 28, 2026Jul 28, 2026Nov 3, 2026
EPS Estimate0.200.20---0.480.300.340.160.660.590.350.370.780.400.330.540.910.450.680.781.130.730.971.271.730.750.830.961.230.650.610.500.880.450.700.911.131.011.431.402.401.531.651.80
EPS Actual-0.72-0.33-0.72-0.720.340.700.380.270.100.790.440.420.440.600.280.510.601.020.711.001.361.810.891.060.981.521.000.880.961.080.540.990.780.960.981.190.931.901.051.541.852.551.541.97-
Surprise-460.00%-265.00%---45.83%26.67%-20.59%-37.50%19.70%-25.42%20.00%18.92%-23.08%-30.00%54.55%11.11%12.09%57.78%47.06%74.36%60.18%21.92%9.28%-22.83%-12.14%33.33%6.02%0.00%-12.20%-16.92%62.30%56.00%9.09%117.78%70.00%2.20%68.14%3.96%7.69%32.14%6.25%0.65%19.39%-
TimingAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap6.46B
Enterprise Value4.00B
Trailing P/E20.68
Forward P/E16.50
PEG Ratio1.36
Price / Sales3.43
Price / Book12.23
EPS7.34
Book Value12.20
Revenue (TTM)1.89B
Gross Profit (TTM)1.80B
Profit Margin10.58%
Operating Margin20.99%
Return on Equity37.63%
Return on Assets21.10%
Shares Outstanding25.56M
Shares Float23.74M
Beta0.83
Dividend Yield0.66%
Dividend Rate1.00
Payout Ratio12.64%

Analyst Ratings

Hold
Based on 6 analystsTarget 187.80
  • Hold
    5
  • Strong Sell
    1

Ownership Breakdown

Institutions
90.63%
Insiders
7.12%
Retail / Other
2.25%

Top Institutional Holders

  • BlackRock Inc
    3.69M14.30%
  • Wasatch Advisors LP
    1.48M5.72%
  • Vanguard Portfolio Management, LLC
    1.27M4.91%
  • Vanguard Capital Management, LLC
    1.05M4.06%
  • State Street Corp
    966.15K3.74%
  • Geode Capital Management, LLC
    751.03K2.91%
  • Congress Asset Management Company, LLP
    723.47K2.80%
  • FMR Inc
    703.33K2.72%
  • Morgan Stanley - Brokerage Accounts
    631.30K2.44%
  • Dimensional Fund Advisors, Inc.
    406.35K1.57%
  • ClearBridge Advisors, LLC
    376.74K1.46%
  • Azora Capital LP
    322.48K1.25%
  • Bank of America Corp
    316.01K1.22%
  • Point72 Asset Management, L.P.
    290.65K1.13%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    1.57M6.09%
  • Vanguard MStar Total Stk Mkt Idx Invest
    780.74K3.02%
  • iShares Russell 2000 ETF
    637.97K2.47%
  • Vanguard Small Cap Index
    564.15K2.18%
  • Wasatch Core Growth
    354.34K1.37%
  • Vanguard MStar Small Cap Growth Indx Inv
    324.52K1.26%

Dividends

20263×
0.25Sep 2, 20260.25Jun 3, 20260.25Mar 4, 2026
20254×
0.25Dec 3, 20250.25Sep 3, 20250.25Jun 4, 20250.25Mar 5, 2025
20244×
0.25Dec 4, 20240.25Sep 4, 20240.25Jun 5, 20240.25Mar 5, 2024
20234×
0.25Dec 5, 20230.25Sep 5, 20230.25Jun 6, 20230.25Mar 7, 2023
20224×
0.25Dec 6, 20220.25Sep 6, 20220.25Jun 7, 20220.25Mar 8, 2022
20215×
0.05Dec 7, 20213.00Oct 1, 20210.05Sep 7, 20210.05Jun 1, 20210.05Mar 2, 2021