Perella Weinberg Partners (NASDAQ:PWP) Given New $23.00 Price Target at Keefe, Bruyette & Woods

Perella Weinberg Partners (NASDAQ:PWP) had its price objective raised by Keefe, Bruyette & Woods from $20.00 to $23.00 in a report published on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

PWP has been the topic of a number of other research reports. The Goldman Sachs Group upped their target price on shares of Perella Weinberg Partners from $19.00 to $21.50 and gave the company a “sell” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Perella Weinberg Partners in a research report on Thursday, January 22nd. Wolfe Research set a $21.00 price objective on shares of Perella Weinberg Partners in a report on Wednesday, January 7th. Finally, Wall Street Zen raised shares of Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $23.63.

Perella Weinberg Partners Stock Performance

Shares of Perella Weinberg Partners stock opened at $24.34 on Monday. The stock has a 50 day moving average of $19.58 and a 200 day moving average of $20.17. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 52.91 and a beta of 1.64. Perella Weinberg Partners has a fifty-two week low of $14.12 and a fifty-two week high of $25.93.

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

Perella Weinberg Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Tuesday, February 17th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, February 17th. Perella Weinberg Partners’s dividend payout ratio (DPR) is currently 60.87%.

Institutional Trading of Perella Weinberg Partners

Hedge funds have recently modified their holdings of the stock. Westwood Holdings Group Inc. acquired a new position in Perella Weinberg Partners during the 2nd quarter worth approximately $28,019,000. Adage Capital Partners GP L.L.C. lifted its position in Perella Weinberg Partners by 73.5% in the second quarter. Adage Capital Partners GP L.L.C. now owns 3,136,484 shares of the company’s stock valued at $60,911,000 after acquiring an additional 1,328,312 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Perella Weinberg Partners by 57.2% in the 3rd quarter. William Blair Investment Management LLC now owns 3,566,511 shares of the company’s stock valued at $76,038,000 after purchasing an additional 1,298,246 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Perella Weinberg Partners by 79.6% in the second quarter. Ameriprise Financial Inc. now owns 1,575,063 shares of the company’s stock valued at $30,588,000 after acquiring an additional 698,021 shares during the period. Finally, Walleye Capital LLC raised its position in Perella Weinberg Partners by 82.7% in the 2nd quarter. Walleye Capital LLC now owns 1,372,866 shares of the company’s stock valued at $26,661,000 after purchasing an additional 621,570 shares during the last quarter. 41.07% of the stock is currently owned by institutional investors and hedge funds.

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.