Perella Weinberg Partners (NASDAQ:PWP) Shares Gap Down – Here’s What Happened

Perella Weinberg Partners (NASDAQ:PWP) gapped down prior to trading on Friday . The stock had previously closed at $21.00, but opened at $20.18. Perella Weinberg Partners shares last traded at $20.2620, with a volume of 27,581 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PWP. Weiss Ratings reiterated a “hold (c)” rating on shares of Perella Weinberg Partners in a research report on Thursday, January 22nd. The Goldman Sachs Group boosted their price target on Perella Weinberg Partners from $19.00 to $21.50 and gave the stock a “sell” rating in a research report on Monday, February 9th. Wolfe Research set a $21.00 price target on Perella Weinberg Partners in a report on Wednesday, January 7th. Wall Street Zen raised shares of Perella Weinberg Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Perella Weinberg Partners from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $23.63.

Perella Weinberg Partners Stock Down 1.3%

The company has a 50 day moving average of $20.19 and a two-hundred day moving average of $20.22. The firm has a market cap of $1.79 billion, a P/E ratio of 43.74 and a beta of 1.64.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings results on Friday, February 6th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Perella Weinberg Partners had a net margin of 4.69% and a negative return on equity of 21.97%. The firm had revenue of $219.16 million for the quarter, compared to analysts’ expectations of $192.84 million.

Perella Weinberg Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Tuesday, February 17th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.28 annualized dividend and a yield of 1.4%. Perella Weinberg Partners’s dividend payout ratio is currently 60.87%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Invesco Ltd. boosted its stake in shares of Perella Weinberg Partners by 13.8% during the 4th quarter. Invesco Ltd. now owns 128,113 shares of the company’s stock worth $2,216,000 after acquiring an additional 15,505 shares in the last quarter. Millennium Management LLC increased its stake in Perella Weinberg Partners by 1,895.9% in the 4th quarter. Millennium Management LLC now owns 279,025 shares of the company’s stock worth $4,827,000 after purchasing an additional 265,045 shares in the last quarter. Aristotle Capital Boston LLC acquired a new stake in Perella Weinberg Partners during the 4th quarter worth about $8,433,000. AQR Capital Management LLC raised its holdings in Perella Weinberg Partners by 11.0% during the 4th quarter. AQR Capital Management LLC now owns 42,840 shares of the company’s stock worth $741,000 after buying an additional 4,248 shares during the period. Finally, Amundi purchased a new stake in Perella Weinberg Partners during the fourth quarter valued at about $628,000. Institutional investors own 41.07% of the company’s stock.

About Perella Weinberg Partners

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.