Perella Weinberg Partners (NASDAQ:PWP) Price Target Raised to $23.00

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

Several other equities research analysts also recently issued reports on the stock. Wall Street Zen raised shares of Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Wolfe Research set a $21.00 target price on Perella Weinberg Partners in a report on Wednesday, January 7th. The Goldman Sachs Group boosted their price target on Perella Weinberg Partners from $19.00 to $21.50 and gave the company a “sell” rating in a report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Perella Weinberg Partners in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.63.

Perella Weinberg Partners Price Performance

NASDAQ:PWP opened at $23.71 on Monday. Perella Weinberg Partners has a fifty-two week low of $14.12 and a fifty-two week high of $25.92. The stock has a market capitalization of $2.11 billion, a PE ratio of 51.54 and a beta of 1.64. The business’s 50-day simple moving average is $19.82 and its 200-day simple moving average is $20.22.

Perella Weinberg Partners (NASDAQ:PWP) last posted its earnings results on Friday, February 6th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The business had revenue of $219.16 million during the quarter, compared to analysts’ expectations 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Tuesday, February 17th will be issued a $0.07 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently 60.87%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its holdings in shares of Perella Weinberg Partners by 79.1% in the 1st quarter. AQR Capital Management LLC now owns 23,435 shares of the company’s stock valued at $431,000 after buying an additional 10,350 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Perella Weinberg Partners by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,745 shares of the company’s stock valued at $566,000 after acquiring an additional 1,342 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Perella Weinberg Partners in the 1st quarter valued at about $2,577,000. KLP Kapitalforvaltning AS increased its stake in shares of Perella Weinberg Partners by 36.5% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 14,200 shares of the company’s stock worth $276,000 after purchasing an additional 3,800 shares during the last quarter. Finally, CWM LLC raised its holdings 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 purchasing an additional 2,436 shares during the period. Institutional investors and hedge funds 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.