Blackstone Inc (BX)

[Timothy Smith]

$PJT Following the spinoff from Blackstone, PJT now has 39.2 million fully-diluted shares outstanding. Of these shares, 15.4 million shares are "in float" or available for trading.

Over the past two years, PJT has grown revenues from $355 million in 2012 to $401 million in 2014.
This year is expected to be a consolidation year as the firm focuses on separating from Blackstone and building it's own independent business.

In 2016, PJT expects to resume revenue growth through building relationships and the synergies between its different business lines, while keeping expenses relatively in-line with 2015 levels.