PJT Partners (PJT)
Advises on strategic transactions, restructurings, capital raising and alternative-investment fund liquidity.
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Advises corporations, sponsors, investors and governments on strategic transactions, restructurings, capital raising and private-fund liquidity. Revenue comes mainly from advisory engagements and often depends on transaction completion, while Strategic Advisory, Restructuring & Special Situations and PJT Park Hill operate as one reportable segment.
Advises corporations, financial sponsors, institutional investors and governments on mergers, capital markets, shareholder matters and geopolitical questions through Strategic Advisory. Restructuring & Special Situations handles liability management, distressed transactions, bespoke financing and court-supervised reorganizations, while PJT Park Hill raises alternative-investment funds and arranges private-capital liquidity solutions.
Serves clients worldwide from New York and offices across the United States, Europe, the Middle East and Asia. Its integrated model combines senior professionals' product, industry and geographic expertise on complex assignments; substantially all revenue comes from client contracts for advisory services.
Fee timing depends heavily on completed transactions and fund closings, while bankruptcy fees can require court approval. U.S. advisory and placement work runs through a registered broker-dealer subject to SEC and FINRA capital and conduct rules.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 3, 2026 | BMO Capital | Reiterate | Rating: —Target: — | Target: $194 |
| Jul 29, 2026 | UBS | Reiterate | Rating: —Target: $162 | Target: $176 |
| Jul 8, 2026 | UBS | Reiterate | Rating: —Target: $152 | Target: $162 |
| Apr 8, 2026 | UBS | Reiterate | Rating: —Target: $180 | Target: $152 |
| Apr 8, 2026 | Keefe, Bruyette & Woods | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $235.5M · Total debt $419.4M · Total assets $1.76B · Shareholders' equity $312.1M
- Revenue
- $486.3M
- Operating income
- $102.1M
- Net income
- $45.8M
HistoryDividendAnnual yield
| Institutions | 90.35% | 23.10M shares | |
|---|---|---|---|
| 427 holders · as of Jun 30, 2026 | |||
| Insiders | 2.42% | 619.0K shares | |
| 8 holders · as of Aug 21, 2026 | |||
| Other | 7.23% | 1.85M shares | |
| remainder | |||
25.56M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 15.94% | 4.08M A | as of Jun 30, 2026 |
Wasatch Advisors LPInstitution | 5.78% | 1.48M A | as of Jun 30, 2026 |
Eagle Asset Management, Inc.Institution | 5.62% | 1.44M | filed Oct 12, 2018 |
Vanguard Portfolio Management LLCInstitution | 5.36% | 1.37M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.37% | 1.12M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | James Costos | director | −1,723 | $175.00 |
| Aug 21, 2026 | Kievdi Don Cornwell | director | −7,845 | $173.48 |
| Aug 10, 2026 | Emily K. Rafferty | director | −1,100 | $167.35 |
| Jul 31, 2026 | Grace Reksten Skaugen | director | −1,283 | $167.67 |
| May 6, 2026 | David Adam Travin | officer: General Counsel | −3,000 | $152.43 |
- Evercore
Direct independent-advisory peer across M&A, restructuring and private capital
- Houlihan Lokey
Restructuring-heavy advisory rival with M&A and valuation breadth
- Lazard
Global advisory rival in M&A, restructuring and private capital
- Moelis & Company
Independent bank competing in M&A, restructuring and private funds
- Jefferies Financial Group
Full-service bank rival where advisory and capital markets converge
- Perella Weinberg Partners
Smaller independent-advisory peer in M&A, restructuring and capital advice
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PJT Partners | $150.23 | +0.01% | $3.87B | 25.4 | 17.9 | 2.1 | +19.5% |
| Evercore | $263.20 | +0.03% | $10.41B | 15.2 | 13.7 | 2.2 | +19.2% |
| Houlihan Lokey | $130.97 | +0.02% | $9.27B | 22.3 | 17.3 | 3.7 | −15.6% |
| Lazard | $36.60 | −0.03% | $3.55B | 17.6 | 11.5 | 1.1 | −2.7% |
| Moelis & Company | $58.88 | −0.03% | $4.49B | 21.1 | 16.8 | 2.9 | +12.1% |
| Jefferies Financial Group | $47.39 | −0.02% | $9.73B | 13.4 | 11.8 | 0.8 | −11.5% |
| Perella Weinberg Partners | $13.34 | +0.08% | $1.32B | 44.8 | 10.6 | 1.9 | +0.8% |
| Median | 19.3 | 12.8 | 2.1 | −0.9% |