PJT Partners Inc. (PJT) Stock Price & Analysis
PJT Partners Inc. (PJT) closed at USD 151.97 on Thursday, October 29, 2026, up 2.08% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 148.87; the Oct 29, 2026 session ranged USD 151.5–156.25 on volume of 447,667 shares. Market capitalization is $6.47B, with a 52-week range of USD 127.73–195.62 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 22:41 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PJT.md
Key facts (PJT)
- Last four reported quarters (through Jun 30, 2026): revenue $1.89B, net income $200M (10.6% margin), free cash flow $662M (SEC filings).
- Valuation: P/E 32.4x.
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $3.7M; 6 not under a Rule 10b5-1 plan ($3.7M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.86 on a 1–5 scale) (7 analysts), mean target USD 161.11 (range 142–180).
- Total return with dividends: 1Y -9.6% vs S&P 500 +14.4%; 5Y +94.8% vs S&P 500 +79.1%.
- Next earnings: 2026-11-03, EPS estimate USD 1.35, revenue estimate $383M. All companies reporting that day: https://nexqual.com/earnings/2026-11-03
- Dividend: USD 1 a year (yield 0.67%), paid quarterly; latest ex-dividend date 2026-09-02; annual dividends grew 0.0% a year 2022–2025.
- Short interest: 9.25% of float (as of 2026-10-15), 4.2 days to cover.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PJT)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $992M | $1.03B | $1.15B | $1.49B | $1.71B | $1.89B |
| Net income | $106M | $90.5M | $81.8M | $134M | $180M | $200M |
| Free cash flow | $118M | $239M | $438M | $528M | $480M | $662M |
| Net margin | 10.7% | 8.8% | 7.1% | 9.0% | 10.5% | 10.6% |
| Revenue growth | -5.7% | +3.5% | +12.3% | +29.5% | +14.8% | — |
| Cash + short-term investments | $200M | $173M | $356M | $484M | $539M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (PJT)
P/E 32.4x · P/S 3.4x · P/FCF 9.8x · P/B 20.7x · FCF yield 10.22% · Earnings yield 3.08% · Dividend yield (paid, TTM) 0.39% · Buyback yield (TTM) 1.84%
Insider sales (SEC Form 4, open-market, last ~7 months) (PJT)
0 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-21 | Cornwell Kievdi Don | Director | 7,845 | $1.4M | 29.4% | No | Too little history (no open-market trades in 2023) |
| 2026-08-21 | Costos James | Director | 1,723 | $302K | 13.2% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-08-10 | Rafferty Emily K | Director | 1,100 | $184K | 10.3% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-07-31 | Skaugen Grace Reksten | Director | 1,283 | $215K | 72% | No | Too little history (no open-market trades in 2023) |
| 2026-05-06 | Travin David Adam | General Counsel | 3,000 | $457K | 59.4% | No | Too little history (no open-market trades in 2023) |
| 2026-05-01 | Meates Helen T | Chief Financial Officer | 8,000 | $1.2M | 12% | No | Too little history (no open-market trades in 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (PJT)
Consensus Hold (mean 2.86 on a 1–5 scale), 7 analysts; mean target USD 161.11 (low 142, high 180).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-07 | UBS | Target lowered | Neutral | $176 → $165 |
| 2026-10-07 | Keefe, Bruyette & Woods | Downgrade | Outperform → Market Perform | $195 → $159 |
| 2026-10-01 | Goldman Sachs | Target lowered | Buy | $203 → $182 |
| 2026-08-03 | BMO Capital | Target raised | Outperform | $183 → $194 |
| 2026-07-29 | Keefe, Bruyette & Woods | Target raised | Outperform | $185 → $195 |
| 2026-07-10 | Keefe, Bruyette & Woods | Target raised | Outperform | $175 → $185 |
| 2026-07-08 | UBS | Target raised | Neutral | $160 → $162 |
Total return (dividends reinvested) (PJT)
| 1Y (from 2025-10-30) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -9.6% | +94.8% |
| S&P 500 (SPY) | +14.4% | +79.1% |
| Per year | -9.7% | +14.2% |
| Volatility (annualized) | 33.3% | 29.6% |
| Max drawdown | -32.5% (Jan 2026→Mar 2026) | -31.2% (Jan 2026→Mar 2026) |
Dividends (PJT)
Annual dividend rate USD 1.00 per share, yield 0.67% at the current price. Paid over the last 12 months: USD 1.00 in 4 payments (quarterly).
Most recent ex-dividend date: Sep 2, 2026; payment date: Sep 16, 2026. To receive a dividend, shares must be owned before the ex-dividend date.
Latest change: raised 400.0% to USD 0.25 per payment from USD 0.05, starting with the Mar 8, 2022 ex-dividend date.
Payout ratio 14% of earnings · 5-year average yield 0.70% · annual dividends grew 0.0% a year from 2022 to 2025.
| Ex-dividend date | Amount per share |
|---|---|
| 2026-09-02 | USD 0.25 |
| 2026-06-03 | USD 0.25 |
| 2026-03-04 | USD 0.25 |
| 2025-12-03 | USD 0.25 |
| 2025-09-03 | USD 0.25 |
| 2025-06-04 | USD 0.25 |
| 2025-03-05 | USD 0.25 |
| 2024-12-04 | USD 0.25 |
Total by calendar year: 2022 USD 1.00 · 2023 USD 1.00 · 2024 USD 1.00 · 2025 USD 1.00.
Short interest (PJT)
1,982,477 shares sold short, 9.25% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 1,995,068 shares (-0.6%). Days to cover: 4.2 (short shares ÷ average daily volume).
PJT earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Jul 28, 2026 | Quarter ended Jun 30, 2026 | $1.97 | $1.57 | Beat +25.5% | -2.2% |
| Apr 28, 2026 | Quarter ended Mar 31, 2026 | $1.54 | $1.53 | Beat +0.7% | -2.4% |
| Feb 3, 2026 | Quarter ended Dec 31, 2025 | $2.55 | $2.40 | Beat +6.3% | -6.3% |
| Nov 4, 2025 | Quarter ended Sep 30, 2025 | $1.85 | $1.40 | Beat +32.1% | +3.0% |
| Jul 29, 2025 | — | — | — | — | -2.4% |
| Apr 29, 2025 | — | — | — | — | +4.7% |
| Feb 4, 2025 | — | — | — | — | +7.0% |
| Oct 29, 2024 | — | — | — | — | -2.3% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
PJT recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Jul 30, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Jul 28, 2026 | 8-K | Quarterly results |
| Jul 17, 2026 | Schedule 13G | Wasatch Advisors LP: 5.7% of shares, passive 5%+ holder |
| Jul 16, 2026 | 8-K | Director or executive officer change, or pay arrangement “Helen Meates, Chief Financial Officer of PJT Partners Inc. (the "Company"), has informed the Company of her intention to step down from her role as Chief Financial Officer as of October 1, 2026 (the "Effective Date"). Following the Effective Date, Ms. Meates will remain at the Company in a non-executive officer role to assist with the transition of her responsibilities and retire from the Company following the conclusion of the transition period. Ms. Meates will continue to receive her base salary at its current…” |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
PJT revenue by product line (quarter ended Sep 30, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Advisory Fees | $389.8M | 88.1% | +37.4% |
| Placement Fees | $49.2M | 11.1% | +51.4% |
| Interest Income & Other | $8.1M | 1.8% | -19.2% |
| Interest Income From Placement Fees & Other | $3.3M | 0.7% | -19.2% |
| Total revenue | $442.3M | 100% | — |
PJT revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $379.1M | 78.0% | +11.4% |
| United Kingdom | $87.5M | 18.0% | +89.2% |
| Non Us | $16.1M | 3.3% | +11.1% |
| Total revenue | $486.3M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
PJT suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Blackstone Inc. (BX) | “PJT Partners Inc. was formed in connection with certain merger and spin-off transactions whereby the financial and strategic advisory services, restructuring and reorganization advisory services and Park Hill Group businesses of Blackstone Inc. (our "former Parent") were combined with PJT Capital LP, a financial advisory firm founded by Paul J.” |
| Partner | Amended and Restated PJT Partners | “Since October 1, 2015, the Company has authorized 33 million shares of PJT Partners Inc. Class A common stock for issuance of new awards under our Second Amended and Restated PJT Partners Inc. 2015 Omnibus Incentive Plan, of which 12.3 million were available for issuance as of December 31, 2025.” |
| Partner | Any PJT Partners | “Any PJT Partners Inc. Class A common stock that we issue, including under our Second Amended and Restated PJT Partners Inc. 2015 Omnibus Incentive Plan or other equity incentive plans that we may adopt in the future, would dilute your percentage ownership of PJT Partners Inc.” |
| Partner | Because PJT Partners | “Because PJT Partners Inc. must pay taxes and make payments under the tax receivable agreement, amounts ultimately distributed as dividends to holders of our Class A common stock are expected to be less than the amounts distributed by PJT Partners Holdings LP to its limited partners on a per unit basis.” |
Quoted from the company's 10-K filed Feb 26, 2026.
Companies that name PJT in their SEC reports
| Relationship to PJT | Company | Filing | Sentence |
|---|---|---|---|
| partner | Moelis & Co (MC) | 10-K Feb 26, 2026 | “We consider the global independent investment banks to be our publicly traded peers, Evercore Partners Inc., Houlihan Lokey, Inc., Lazard Ltd, Perella Weinberg Partners, PJT Partners, Inc., and us.” |
| partner | Blackstone Secured Lending Fund (BXSL) | 10-K Feb 25, 2026 | “In addition, one or more investment vehicles controlled by Blackstone could be established to facilitate participation in Blackstone's side-by-side investment program by employees and/or partners of PJT.” |
PJT company outlook (results filed Jul 28, 2026)
- “(7) Assumes all Partnership Units and unvested RSUs have been converted to shares of the Company's Class A common stock.”
Quoted word-for-word from the SEC 8-K results press release.
PJT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.35 | $1.80 | -25.1% | $383.5M | 7 |
| Next quarter (ends Dec 2026) | $2.47 | $2.47 | -0.2% | $559.1M | 6 |
| Current fiscal year (ends Dec 2026) | $7.42 | $7.47 | -0.7% | $1.85B | 7 |
| Next fiscal year (ends Dec 2027) | $8.69 | $8.59 | +1.2% | $2.11B | 7 |
PJT options: expected move
Options price a move of about ±8.6% (±$12.80) by Nov 20, 2026, which includes earnings on Nov 3, 2026. Over the last 8 reports the stock moved ±3.8% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 22 | 42.7% | ±8.6% |
| Dec 18, 2026 | 50 | 38.9% | ±11.6% |
| Mar 19, 2027 | 141 | 35.6% | ±17.6% |
| Jun 17, 2027 | 231 | 36.2% | ±22.8% |
30-day implied volatility 42.7% vs 29.6% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 22:41 UTC)
| Price | USD 151.97 |
|---|---|
| Change | ▲ 2.08% (up) |
| Previous Close | USD 148.87 |
| Open | USD 151.4 |
| Day Range | USD 151.5 – 156.25 |
| 52-Week Range | USD 127.73 – 195.62 |
| Volume | 447,667 shares |
| Market Cap | $6.47B |
| Exchange | NYQ |
Technical Analysis (PJT)
Nexqual's technical model rates PJT "NEUTRAL" based on 3 bullish and 4 bearish signals across 127 daily candles, as of October 29, 2026 at 22:41 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 60.99 (neutral) |
| vs SMA50 | Below (USD 154.52) |
| MACD | -1.4 (negative) |
Analyst Ratings (PJT)
Wall Street analysts rate PJT "Hold" based on 7 analysts, with a mean price target of USD 161.11 (range USD 142–180), per Nexqual as of October 29, 2026 at 22:41 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 7 |
| Mean Target | USD 161.11 |
| High Target | USD 180 |
| Low Target | USD 142 |
| Buy / Hold / Sell | 2 / 4 / 1 |
Earnings (PJT)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 1.35 |
| Revenue Estimate | $383.46M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.97 vs est 1.57 ▲ beat |
| 2026-03-31 | USD 1.54 vs est 1.53 ▲ beat |
| 2025-12-31 | USD 2.55 vs est 2.4 ▲ beat |
| 2025-09-30 | USD 1.85 vs est 1.4 ▲ beat |
Source: Nexqual, October 29, 2026 at 22:41 UTC.
Financials & Fundamentals (PJT)
| Total Revenue | $1.89B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +19.50% |
| Gross Margin | +95.25% |
| Operating Margin | +20.99% |
| Profit Margin | +10.58% |
| ROE | +37.63% |
| Debt / Equity | 0.43 |
| Current Ratio | 1.71 |
| Total Cash | $235.54M |
| Total Debt | $419.35M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $661.83M (35.1% of revenue) |
Source: Nexqual, October 29, 2026 at 22:41 UTC.
Financial Health Score (PJT)
Nexqual rates PJT Partners Inc.'s overall financial health "Strong" across five dimensions, as of October 29, 2026 at 22:41 UTC.
| Growth | Solid — Revenue +15% YoY (annual) |
|---|---|
| Profitability | Solid — Operating margin 21% |
| Balance Sheet | Solid — $236M cash vs $419M debt |
| Cash Flow | Strong — FCF $662M (last 4 quarters to Jun 2026, SEC), 35% margin |
| Efficiency | Strong — ROE 64%, ROA 11.4% (last 4 quarters, SEC) |
Ownership (PJT)
| Insider Ownership | +7.14% |
|---|---|
| Institutional Ownership | +90.30% |
| Shares Outstanding | 25.56M |
| Float | 23.73M |
| Short % of Float | +9.25% |
Source: Nexqual, October 29, 2026 at 22:41 UTC.
Leadership (PJT)
PJT Partners Inc. is led by Paul Jeffrey Taubman B.S., Founder, Chairman & CEO, per Nexqual as of October 29, 2026 at 22:41 UTC.
| Founder, Chairman & CEO | Paul Jeffrey Taubman B.S. |
|---|---|
| Chief Financial Officer | Arun Kalra |
| Chief Operating Officer | Paige Costigan |
Major Backers & Investors (PJT)
Notable institutional backers of PJT Partners Inc. include Wasatch Advisors LP, FMR, LLC, Alliancebernstein L.P., according to Nexqual as of October 29, 2026 at 22:41 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Wasatch Advisors LP | 5.29% |
| FMR, LLC | 4.14% |
| Alliancebernstein L.P. | 3.29% |
| Congress Asset Management Co | 2.85% |
| Morgan Stanley | 2.4% |
| WASATCH FUNDS TRUST-Wasatch Core Growth Fund | 1.39% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 15.94% |
| Vanguard Group | 9.73% |
| State Street | 4.12% |
| Geode Capital | 3.1% |
Source: Nexqual, October 29, 2026 at 22:41 UTC.
From PJT Partners Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- Our integrated platform brings the full breadth of our product, industry and geographic expertise to each situation ensuring clients receive the best possible advice for their strategic objectives.
- Our premier advisory franchises allow us to provide best-in-class advice to clients whether they are looking for growth through strategic alternatives, advice in shareholder engagement, liability management, restructuring and reorganization, or access to capital.
- Our deep networks across businesses allow us to connect clients and help them to meet their strategic objectives.
- We view active dialogue with our employees as essential to maintaining our unique culture.
Partnerships
- Our leading businesses in Restructuring and Special Situations and PJT Park Hill, in partnership with Strategic Advisory, continue to strengthen and expand our client relationships and brand reputation in the marketplace.
- The price per Partnership Unit to be received in a cash-settled exchange will be equal to the fair value of a share of our Class A common stock (determined in accordance with and subject to adjustment under the exchange agreement, as amended).
Legal & Regulatory Risks (Item 1A, quoted)
- We may be exposed to liabilities arising out of our underwriting activities, including as a result of material misstatements or omissions in prospectuses and other offering documents.
- The cost of compliance with international broker-dealer, employment, labor, benefits, privacy and tax laws and regulations may adversely affect our business and hamper our ability to expand internationally.
- The European Union's ("EU") General Data Protection Regulations ("GDPR") regulate how businesses can collect, use and process the personal data of EU residents.
- Risks Relating to Our Organizational Structure
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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| MKTX | MarketAxess Holdings, Inc. | USD 164.92 | ▲ 0.06% |
| XP | XP Inc. | USD 15.05 | ▼ 6.46% |
| BGC | BGC Group, Inc. | USD 11.42 | ▼ 0.17% |
| HUT | Hut 8 Corp. | USD 66.44 | ▼ 4.35% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 22:41 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt