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PJT Partners Inc

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.

Price · split & dividend adjusted
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PJT Partners raises 2026 non-comp expense growth forecast to 14% as Taubman signals slower full-year revenue growth

PJT Partners now expects non-compensation expense growth of closer to 14% for 2026, up from its prior guidance of approximately 12%, as Chairman and CEO Paul Taubman indicated full-year revenue growth will moderate from the first half's pace. Chief Financial Officer Helen Meates attributed the higher cost outlook to elevated business-related expenses and continued investments in AI and technology infrastructure, while also announcing she will step down on October 1 with Arun Kalra elevated from Director of Finance to CFO. Taubman said all businesses are on track for record full-year performance but cautioned, 'I don't think we're going to grow 24% for the full year,' after the firm posted record second-quarter revenues of $486 million and adjusted pretax income of $106 million. The firm accrued compensation expense at 66.5% of revenues for the first half, which Meates said is the current best estimate for the full year, and reported $535 million in cash and equivalents with no funded debt. Restructuring activity is expected to remain elevated, and strategic advisory mandate counts are up more than 20% from a year ago.
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PJT Partners to report Q2 2026 earnings on July 28

PJT Partners is scheduled to announce its second-quarter 2026 earnings results on Tuesday, July 28, before the market opens. The consensus earnings per share estimate is $1.57, representing a 1.9% increase year-over-year, while the consensus revenue estimate is $425 million, up 4.4% from the prior year. Over the last two years, PJT has beaten EPS estimates 100% of the time and revenue estimates 88% of the time. In the past three months, EPS estimates have seen three upward revisions and three downward revisions, and revenue estimates have seen two upward revisions and three downward revisions.
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PJT Partners names Arun Kalra as CFO effective October 2026

PJT Partners has appointed Arun Kalra as its new chief financial officer, effective October 1, 2026. He succeeds Helen Meates, who is stepping down after more than a decade in the role and will remain with the firm through the end of 2026 to ensure a smooth transition. Before joining PJT Partners, Kalra was a senior member of the compensation team at UBS.
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Piper Sandler and PJT Shares Jump on Investment Banking Boom

Piper Sandler and PJT Partners saw their shares rise sharply in afternoon trading, driven by a broader surge in investment banking and trading revenues that fueled strong second-quarter earnings for major banks. Piper Sandler climbed 3.2 percent while PJT jumped 4 percent, as the market reacted to what JPMorgan's CFO called a booming environment for dealmaking. Advisory fees from mergers and acquisitions and initial public offerings reached their highest levels since 2021, signaling the most bullish deal climate in years. Goldman Sachs also beat profit expectations partly due to increased dealmaking, lifting its stock and underscoring robust corporate appetite for transactions. PJT's move was considered meaningful by the market, though the stock has had only eight moves greater than 5 percent over the past year and remains down 2.8 percent year-to-date, trading 13.9 percent below its 52-week high.
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StockStory highlights PJT and Old Second Bancorp as growth picks, flags DHT Holdings

StockStory identifies PJT Partners and Old Second Bancorp as growth stocks with expanding competitive advantages, while DHT Holdings faces challenges. PJT posted 18.7% annual revenue growth over two years and a 27.5% return on equity. Old Second Bancorp achieved 21.5% annual revenue growth over five years and a 4.9% net interest margin. DHT Holdings saw flat sales over five years and a low gross margin of 33.5%.
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StockStory highlights Synchrony and PJT as top financials picks, flags Affirm as a sell

StockStory identifies Synchrony Financial and PJT Partners as financial stocks worth investigating, while recommending investors avoid Affirm. Synchrony, which powers over 73 million active accounts with partners like Amazon and PayPal, has compounded earnings per share at 37.9% annually over the past two years and achieved a 22.2% return on equity. PJT Partners, an advisory-focused investment bank spun off from Blackstone, posted annual revenue growth of 18.7% and EPS growth of 42% over the same period. In contrast, Affirm is flagged for negative returns on capital and a 6× net-debt-to-EBITDA ratio that could force dilutive equity offerings. Synchrony trades at 8.2× forward P/E, PJT at 19×, and Affirm at 21.8×.
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