Perella Weinberg Partners (NASDAQ:PWP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Perella Weinberg Partners (NASDAQ:PWP) from a sell rating to a hold rating in a report released on Saturday.

Several other equities research analysts have also commented on the company. Wolfe Research set a $21.00 price objective on Perella Weinberg Partners in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods boosted their price target on Perella Weinberg Partners from $19.00 to $20.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 17th. The Goldman Sachs Group reissued a “sell” rating and issued a $19.00 price objective on shares of Perella Weinberg Partners in a research note on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Perella Weinberg Partners in a research note on Thursday, January 22nd. 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 stock. According to MarketBeat, Perella Weinberg Partners currently has an average rating of “Hold” and an average price target of $23.63.

Perella Weinberg Partners Price Performance

NASDAQ:PWP opened at $24.34 on Friday. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 52.91 and a beta of 1.64. The business has a 50 day simple moving average of $19.58 and a 200-day simple moving average of $20.17. Perella Weinberg Partners has a 1 year low of $14.12 and a 1 year high of $25.93.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings data on Friday, February 6th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $219.16 million for the quarter, compared to the consensus estimate of $192.84 million.

Perella Weinberg Partners Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in Perella Weinberg Partners during the third quarter worth about $53,000. Torren Management LLC acquired a new position in Perella Weinberg Partners in the 4th quarter valued at about $62,000. CWM LLC grew its stake in shares of Perella Weinberg Partners by 162.4% in the 2nd quarter. CWM LLC now owns 3,936 shares of the company’s stock valued at $76,000 after buying an additional 2,436 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Perella Weinberg Partners during the 2nd quarter worth approximately $92,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Perella Weinberg Partners by 460.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock valued at $100,000 after buying an additional 4,232 shares during the period. Institutional investors and hedge funds own 41.07% of the company’s stock.

Perella Weinberg Partners Company Profile

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.