Perella Weinberg Partners (NASDAQ:PWP – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday after JMP Securities raised their price target on the stock from $22.00 to $26.00. JMP Securities currently has a market outperform rating on the stock. Perella Weinberg Partners traded as high as $20.60 and last traded at $20.40, with a volume of 284481 shares trading hands. The stock had previously closed at $19.93.
Separately, Keefe, Bruyette & Woods increased their price target on Perella Weinberg Partners from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th.
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Perella Weinberg Partners Trading Up 2.3 %
The firm’s 50-day moving average is $18.91 and its 200-day moving average is $16.76. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of -10.72 and a beta of 1.50.
Perella Weinberg Partners (NASDAQ:PWP – Get Free Report) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.26. The business had revenue of $272.00 million during the quarter, compared to analyst estimates of $179.35 million. Perella Weinberg Partners had a positive return on equity of 56.85% and a negative net margin of 15.75%. Perella Weinberg Partners’s revenue was up 64.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share.
Perella Weinberg Partners Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.37%. Perella Weinberg Partners’s dividend payout ratio (DPR) is currently -15.05%.
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.
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