Perella Weinberg Partners (NASDAQ:PWP) Price Target Raised to $20.00 at Keefe, Bruyette & Woods

Perella Weinberg Partners (NASDAQ:PWP) had its price objective raised by Keefe, Bruyette & Woods from $19.00 to $20.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a market perform rating on the stock.

Several other analysts have also recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Perella Weinberg Partners in a report on Wednesday, October 8th. Wall Street Zen cut shares of Perella Weinberg Partners from a “hold” rating to a “sell” rating in a research report on Sunday. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Perella Weinberg Partners has an average rating of “Hold” and a consensus target price of $22.33.

Perella Weinberg Partners Stock Performance

Shares of PWP stock opened at $17.89 on Wednesday. The company has a market capitalization of $1.59 billion, a PE ratio of 27.11 and a beta of 1.63. The business’s fifty day moving average is $18.63 and its 200 day moving average is $19.95. Perella Weinberg Partners has a 52-week low of $14.12 and a 52-week high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings results on Friday, November 7th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The firm had revenue of $164.65 million for the quarter, compared to analysts’ expectations of $179.83 million. Perella Weinberg Partners had a net margin of 6.15% and a negative return on equity of 21.55%.

Perella Weinberg Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, November 17th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, November 17th. Perella Weinberg Partners’s dividend payout ratio (DPR) is currently 42.42%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Perella Weinberg Partners during the first quarter valued at approximately $40,000. State of Alaska Department of Revenue bought a new position in Perella Weinberg Partners in the 3rd quarter valued at approximately $53,000. CWM LLC boosted its stake in Perella Weinberg Partners by 162.4% during the 2nd quarter. CWM LLC now owns 3,936 shares of the company’s stock valued at $76,000 after purchasing an additional 2,436 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of Perella Weinberg Partners in the 2nd quarter worth $92,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Perella Weinberg Partners by 460.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock worth $100,000 after purchasing an additional 4,232 shares during the last quarter. Institutional investors own 41.07% of the company’s stock.

About Perella Weinberg Partners

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.