PJT PartnersPJT
Market Cap: $2.77B
About: PJT Partners Inc is an advisory-focused investment bank that offers a portfolio of advisory services designed to help its clients achieve their strategic objectives. The company delivers a range of strategic advisory, capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments around the world. It also provides private fund advisory and fundraising services for alternative investment strategies, including private equity, real estate, hedge funds, and private credit. The company generates its revenue from advisory fees, placement fees, and others. Geographically, It generates a majority of its revenue from the United States.
Employees: 1,012
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
393% more call options, than puts
Call options by funds: $2.55M | Put options by funds: $517K
36% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 36
13% more capital invested
Capital invested by funds: $1.98B [Q1] → $2.23B (+$256M) [Q2]
5% more funds holding
Funds holding: 285 [Q1] → 298 (+13) [Q2]
2% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 90
1.48% less ownership
Funds ownership: 87.67% [Q1] → 86.19% (-1.48%) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
JMP Securities Devin Ryan 51% 1-year accuracy 35 / 68 met price target | 22%upside $142 | Market Outperform Maintained | 31 Jul 2024 |
Goldman Sachs James Yaro 50% 1-year accuracy 2 / 4 met price target | 13%upside $132 | Neutral Maintained | 31 Jul 2024 |
Keefe, Bruyette & Woods Aidan Hall 86% 1-year accuracy 6 / 7 met price target | 10%upside $128 | Market Perform Reiterated | 31 Jul 2024 |
Keefe, Bruyette & Woods Michael Brown 86% 1-year accuracy 6 / 7 met price target | 7%downside $108 | Market Perform Maintained | 12 Jul 2024 |
UBS Brennan Hawken 59% 1-year accuracy 19 / 32 met price target | 20%downside $93 | Sell Maintained | 9 Jul 2024 |