Perella Weinberg Partners (NASDAQ:PWP) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Perella Weinberg Partners (NASDAQ:PWP) had its price target raised by Keefe, Bruyette & Woods from $27.00 to $29.00 in a report issued on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

Perella Weinberg Partners Trading Down 0.5 %

Shares of Perella Weinberg Partners stock opened at $24.26 on Monday. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -10.24 and a beta of 1.59. Perella Weinberg Partners has a 1 year low of $11.68 and a 1 year high of $27.03. The company’s fifty day simple moving average is $24.62 and its 200-day simple moving average is $22.08.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). Perella Weinberg Partners had a negative return on equity of 295.65% and a negative net margin of 11.09%.

Perella Weinberg Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.28 dividend on an annualized basis and a yield of 1.15%. Perella Weinberg Partners’s dividend payout ratio is currently -11.81%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC bought a new position in shares of Perella Weinberg Partners during the fourth quarter valued at $64,000. Intech Investment Management LLC bought a new position in Perella Weinberg Partners during the 3rd quarter valued at about $197,000. PDT Partners LLC bought a new position in Perella Weinberg Partners during the 3rd quarter valued at about $210,000. Y Intercept Hong Kong Ltd acquired a new position in Perella Weinberg Partners in the third quarter valued at about $214,000. Finally, Aigen Investment Management LP bought a new stake in Perella Weinberg Partners during the fourth quarter worth about $311,000. Institutional investors and hedge funds own 41.07% of the company’s stock.

Perella Weinberg Partners Company Profile

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.