PJT Partners Inc. reported a decrease in total revenues for the fourth quarter of 2021, with advisory revenues declining but placement revenues increasing. The company's GAAP diluted EPS was $1.32, and adjusted EPS was $1.52. The Board of Directors increased the quarterly dividend to $0.25 per share.
Total revenues decreased by 3% compared to the prior year quarter.
Advisory revenues decreased by 11% compared to the prior year quarter.
Placement revenues increased by 41% compared to the prior year quarter.
The Board of Directors increased the quarterly dividend from $0.05 to $0.25 per share.
PJT Partners is well positioned to resume its long-term growth trajectory, with Strategic Advisory, PJT Park Hill and PJT Camberview all set to deliver strong performance in 2022.
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