Perella Weinberg Partners to Issue Quarterly Dividend of $0.07 (NASDAQ:PWP)

Perella Weinberg Partners (NASDAQ:PWP) announced a quarterly dividend on Friday, November 7th. Investors of record on Monday, November 17th will be given a dividend of 0.07 per share on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 17th.

Perella Weinberg Partners has a dividend payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings.

Perella Weinberg Partners Price Performance

Shares of Perella Weinberg Partners stock opened at $18.02 on Friday. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 21.98 and a beta of 1.63. The business has a 50-day moving average of $20.62 and a 200 day moving average of $19.85. Perella Weinberg Partners has a 12 month low of $14.12 and a 12 month high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $164.65 million for the quarter, compared to analyst estimates of $179.83 million. Perella Weinberg Partners had a negative return on equity of 26.14% and a net margin of 6.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen cut shares of Perella Weinberg Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Keefe, Bruyette & Woods lowered their target price on shares of Perella Weinberg Partners from $24.00 to $21.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Perella Weinberg Partners in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.67.

About Perella Weinberg Partners

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.