Perella Weinberg Partners (NASDAQ:PWP) Price Target Raised to $29.00 at Keefe, Bruyette & Woods

Perella Weinberg Partners (NASDAQ:PWP) had its target price increased by Keefe, Bruyette & Woods from $27.00 to $29.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Perella Weinberg Partners Price Performance

NASDAQ:PWP opened at $24.26 on Monday. The stock has a market cap of $2.14 billion, a PE ratio of -10.24 and a beta of 1.59. Perella Weinberg Partners has a fifty-two week low of $11.68 and a fifty-two week high of $27.03. The stock’s 50-day moving average is $24.62 and its two-hundred day moving average is $22.08.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). Perella Weinberg Partners had a negative net margin of 11.09% and a negative return on equity of 295.65%.

Perella Weinberg Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.15%. Perella Weinberg Partners’s dividend payout ratio is -11.81%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. US Bancorp DE boosted its position in Perella Weinberg Partners by 4.4% during the fourth quarter. US Bancorp DE now owns 17,602 shares of the company’s stock worth $420,000 after purchasing an additional 746 shares during the period. Rhumbline Advisers lifted its stake in shares of Perella Weinberg Partners by 1.2% in the fourth quarter. Rhumbline Advisers now owns 70,861 shares of the company’s stock worth $1,689,000 after buying an additional 854 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Perella Weinberg Partners by 0.9% during the 4th quarter. Swiss National Bank now owns 100,000 shares of the company’s stock worth $2,384,000 after buying an additional 900 shares during the period. Barclays PLC grew its stake in Perella Weinberg Partners by 0.8% in the 3rd quarter. Barclays PLC now owns 186,387 shares of the company’s stock valued at $3,600,000 after buying an additional 1,517 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in Perella Weinberg Partners in the 4th quarter worth $64,000. Institutional investors and hedge funds own 41.07% of the company’s stock.

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.