Citizens Jmp Has Lowered Expectations for Perella Weinberg Partners (NASDAQ:PWP) Stock Price

Perella Weinberg Partners (NASDAQ:PWP) had its target price dropped by investment analysts at Citizens Jmp from $32.00 to $30.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s target price would indicate a potential upside of 46.84% from the company’s current price.

A number of other research firms have also weighed in on PWP. Wall Street Zen raised Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. The Goldman Sachs Group lowered their target price on Perella Weinberg Partners from $21.50 to $18.50 and set a “sell” rating for the company in a research note on Thursday, March 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Perella Weinberg Partners in a research note on Thursday, January 22nd. Wolfe Research set a $21.00 target price on Perella Weinberg Partners in a research note on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods raised Perella Weinberg Partners from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $23.00 to $21.00 in a research note on Wednesday. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $22.63.

Perella Weinberg Partners Stock Up 0.7%

Shares of PWP stock opened at $20.43 on Friday. The business has a 50-day moving average price of $19.12 and a two-hundred day moving average price of $19.19. Perella Weinberg Partners has a 12-month low of $14.98 and a 12-month high of $25.92. The firm has a market cap of $1.88 billion, a P/E ratio of 44.41 and a beta of 1.66.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings results on Friday, February 6th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Perella Weinberg Partners had a negative return on equity of 25.81% and a net margin of 4.69%.The firm had revenue of $219.16 million during the quarter, compared to analyst estimates of $192.84 million.

Institutional Investors Weigh In On Perella Weinberg Partners

Several institutional investors and hedge funds have recently bought and sold shares of PWP. AQR Capital Management LLC lifted its holdings in Perella Weinberg Partners by 79.1% in the 1st quarter. AQR Capital Management LLC now owns 23,435 shares of the company’s stock worth $431,000 after buying an additional 10,350 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Perella Weinberg Partners by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,745 shares of the company’s stock worth $566,000 after buying an additional 1,342 shares during the period. Jane Street Group LLC purchased a new stake in Perella Weinberg Partners in the 1st quarter worth approximately $2,577,000. Legal & General Group Plc lifted its holdings in Perella Weinberg Partners by 24.3% in the 2nd quarter. Legal & General Group Plc now owns 59,874 shares of the company’s stock worth $1,163,000 after buying an additional 11,693 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Perella Weinberg Partners by 12.1% in the 2nd quarter. Rhumbline Advisers now owns 81,588 shares of the company’s stock worth $1,584,000 after buying an additional 8,787 shares during the period. Hedge funds and other 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.