pjt partners (nyse:pjt) is a leading independent investment bank. for every challenge, from the straightforward to the complex, our team of veteran practitioners brings together proven experience and fresh thinking to drive the highest-quality outcomes. across our three divisions, pjt partners delivers a comprehensive range of advisory and capital raising solutions to achieve our clients’ strategic objectives. strategic advisory: we consistently deliver innovative solutions to highly complex challenges across m&a, spin-offs, private placements, structured products and other transactions. restructuring & special situations: we are a leading advisor to companies and creditors in restructurings and bankruptcies around the world. with vast expertise in highly complex capital structure challenges, our services include debtor advisory, creditor advisory, out-of-court solutions, distressed mergers & acquisitions and expert witness testimony. park hill: our team provides global alternative ass
Company profile
Ticker
PJT
Exchange
Website
CEO
Paul Taubman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
PJT Partners Holdings LP • PJT Management LLC • PJT Capital LP • PJT Partners LP • PJT Partners (Cayman) Limited • PJT Partners (UK) Limited • PJT Partners (HK) Limited • PJT Partners (Germany) GmbH • PJT Partners (France) SAS • PJT Partners Japan K.K. ...
PJT stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
28 Feb 24
8-K
PJT Partners Inc. Reports Full Year and Fourth Quarter 2023 Results; Announces $500 Million Repurchase Authorization
6 Feb 24
10-Q
2023 Q3
Quarterly report
3 Nov 23
8-K
PJT Partners Inc. Reports Third Quarter and Nine Months 2023 Results
31 Oct 23
10-Q
2023 Q2
Quarterly report
28 Jul 23
8-K
PJT Partners Inc. Reports Second Quarter and Six Months 2023 Results
25 Jul 23
S-8
Registration of securities for employees
7 Jun 23
8-K
Departure of Directors or Certain Officers
25 May 23
10-Q
2023 Q1
Quarterly report
3 May 23
8-K
PJT Partners Inc. Reports First Quarter 2023 Results
2 May 23
Transcripts
PJT
Earnings call transcript
2023 Q4
6 Feb 24
PJT
Earnings call transcript
2023 Q3
31 Oct 23
PJT
Earnings call transcript
2023 Q2
25 Jul 23
PJT
Earnings call transcript
2023 Q1
2 May 23
PJT
Earnings call transcript
2022 Q4
7 Feb 23
PJT
Earnings call transcript
2022 Q3
26 Oct 22
PJT
Earnings call transcript
2022 Q2
26 Jul 22
PJT
Earnings call transcript
2022 Q1
26 Apr 22
PJT
Earnings call transcript
2021 Q4
1 Feb 22
PJT
Earnings call transcript
2021 Q3
26 Oct 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 116.04 mm | 116.04 mm | 116.04 mm | 116.04 mm | 116.04 mm | 116.04 mm |
Cash burn (monthly) | 11.82 mm | 6.15 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 78.93 mm | 41.07 mm | n/a | n/a | n/a | n/a |
Cash remaining | 37.11 mm | 74.98 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 3.1 | 12.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
80.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 237 |
Opened positions | 36 |
Closed positions | 17 |
Increased positions | 73 |
Reduced positions | 70 |
13F shares | Current |
---|---|
Total value | 1.52 tn |
Total shares | 19.18 mm |
Total puts | 3.30 k |
Total calls | 10.30 k |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 2.11 mm | $167.80 bn |
BLK Blackrock | 1.72 mm | $136.33 bn |
Clearbridge Advisors | 1.10 mm | $87.78 bn |
Eagle Asset Management | 969.69 k | $77.03 bn |
Wellington Management | 839.47 k | $66.69 bn |
Alliancebernstein | 795.34 k | $63.18 bn |
MCQEF Macquarie | 749.37 k | $59.53 bn |
STT State Street | 579.28 k | $46.02 bn |
Loomis Sayles & Co L P | 558.14 k | $44.28 bn |
Geode Capital Management | 506.33 k | $40.23 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
20 Mar 24 | Whitney Kenneth C | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 22 | 0.00 | 8,744 |
20 Mar 24 | David Adam Travin | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 51 | 0.00 | 19,521 |
20 Mar 24 | Grace Reksten Skaugen | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 20 | 0.00 | 7,984 |
20 Mar 24 | Helen T Meates | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 92 | 0.00 | 35,093 |
20 Mar 24 | Kievdi Don Cornwell | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 83 | 0.00 | 72,104 |
News
JMP Securities Reiterates Market Outperform on PJT Partners, Maintains $110 Price Target
9 Apr 24
Evaluating PJT Partners: Insights From 5 Financial Analysts
26 Mar 24
UBS Downgrades PJT Partners to Sell, Lowers Price Target to $75
26 Mar 24
Expert Ratings For PJT Partners
7 Feb 24
JMP Securities Maintains Market Outperform on PJT Partners, Raises Price Target to $110
7 Feb 24
Press releases
PJT Partners Inc. to Report First Quarter 2024 Financial Results and Host a Conference Call on May 2, 2024
18 Apr 24
PJT Partners Inc. Reports Full Year and Fourth Quarter 2023 Results; Announces $500 Million Repurchase Authorization
6 Feb 24
PJT Partners Inc. to Report Full Year and Fourth Quarter 2023 Financial Results and Host a Conference Call on February 6, 2024
26 Jan 24