Perella Weinberg Partners’ (PWP) Outperform Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their outperform rating on shares of Perella Weinberg Partners (NASDAQ:PWP) in a report issued on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a $21.00 target price on the stock, up from their previous target price of $19.00.

A number of other equities research analysts have also weighed in on PWP. Weiss Ratings lowered shares of Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Citizens Jmp dropped their price target on Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating on the stock in a research note on Friday, April 10th. Finally, The Goldman Sachs Group lifted their price objective on Perella Weinberg Partners from $14.50 to $16.00 and gave the stock a “sell” rating in a report on Monday. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.00.

Perella Weinberg Partners Stock Up 1.6%

Shares of PWP stock opened at $17.32 on Monday. The company has a 50 day moving average price of $15.96 and a 200-day moving average price of $18.39. Perella Weinberg Partners has a 52 week low of $14.11 and a 52 week high of $25.92. The firm has a market capitalization of $1.61 billion, a PE ratio of 66.62 and a beta of 1.64.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.14. Perella Weinberg Partners had a net margin of 3.19% and a negative return on equity of 35.84%. The company had revenue of $156.53 million for the quarter, compared to the consensus estimate of $144.76 million.

Perella Weinberg Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently 107.69%.

Insider Transactions at Perella Weinberg Partners

In related news, CFO Alexandra Gottschalk sold 14,018 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $17.46, for a total transaction of $244,754.28. Following the completion of the sale, the chief financial officer directly owned 72,492 shares in the company, valued at approximately $1,265,710.32. The trade was a 16.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 26.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PWP. AQR Capital Management LLC grew its position in shares of Perella Weinberg Partners by 79.1% during the 1st quarter. AQR Capital Management LLC now owns 23,435 shares of the company’s stock valued at $431,000 after acquiring an additional 10,350 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Perella Weinberg Partners by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,745 shares of the company’s stock valued at $566,000 after purchasing an additional 1,342 shares during the period. Jane Street Group LLC purchased a new stake in Perella Weinberg Partners in the first quarter worth about $2,577,000. Legal & General Group Plc increased its position in Perella Weinberg Partners by 24.3% in the second 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 in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Perella Weinberg Partners by 12.1% in the second 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.