Keefe, Bruyette & Woods Cuts Perella Weinberg Partners (NASDAQ:PWP) Price Target to $19.00

Perella Weinberg Partners (NASDAQ:PWP) had its price target lowered by Keefe, Bruyette & Woods from $21.00 to $19.00 in a research note released on Monday,Benzinga reports. The firm currently has a market perform rating on the stock.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Perella Weinberg Partners in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $22.00.

Perella Weinberg Partners Stock Up 0.7%

NASDAQ PWP opened at $19.36 on Monday. Perella Weinberg Partners has a 52 week low of $14.12 and a 52 week high of $27.03. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 29.33 and a beta of 1.63. The company has a fifty day moving average of $20.46 and a two-hundred day moving average of $19.93.

Perella Weinberg Partners (NASDAQ:PWP) last released its 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). Perella Weinberg Partners had a negative return on equity of 21.55% and a net margin of 6.15%.The firm had revenue of $164.65 million during the quarter, compared to the consensus estimate of $179.83 million.

Perella Weinberg Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 17th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. Perella Weinberg Partners’s dividend payout ratio (DPR) is 42.42%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PWP. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Perella Weinberg Partners during the 1st quarter valued at $40,000. State of Alaska Department of Revenue purchased a new position in shares of Perella Weinberg Partners during the third quarter valued at $53,000. CWM LLC raised its holdings in shares of Perella Weinberg Partners by 162.4% in the second quarter. CWM LLC now owns 3,936 shares of the company’s stock valued at $76,000 after acquiring an additional 2,436 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in Perella Weinberg Partners in the second quarter worth about $92,000. Finally, Tower Research Capital LLC TRC lifted its stake in Perella Weinberg Partners by 460.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock worth $100,000 after acquiring an additional 4,232 shares during the period. Institutional investors 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.