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

Perella Weinberg Partners (NASDAQ:PWP) had its price target boosted by Keefe, Bruyette & Woods from $18.00 to $19.00 in a research report released on Friday morning, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Separately, JMP Securities upped their price target on Perella Weinberg Partners from $18.00 to $22.00 and gave the company a market outperform rating in a research report on Tuesday, April 9th.

Perella Weinberg Partners Stock Performance

Shares of NASDAQ:PWP opened at $17.97 on Friday. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -9.66 and a beta of 1.50. Perella Weinberg Partners has a 1-year low of $9.22 and a 1-year high of $18.51. The company has a 50 day moving average price of $15.34 and a 200 day moving average price of $14.03.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings data on Friday, May 3rd. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $102.13 million for the quarter. Perella Weinberg Partners had a positive return on equity of 17.87% and a negative net margin of 7.74%.

Perella Weinberg Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $0.28 annualized dividend and a dividend yield of 1.56%. Perella Weinberg Partners’s dividend payout ratio is presently -15.05%.

Institutional Investors Weigh In On Perella Weinberg Partners

Hedge funds have recently modified their holdings of the business. Allworth Financial LP bought a new stake in shares of Perella Weinberg Partners in the 4th quarter worth approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Perella Weinberg Partners by 21.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,681 shares of the company’s stock valued at $131,000 after purchasing an additional 1,855 shares in the last quarter. SG Americas Securities LLC bought a new position in Perella Weinberg Partners in the fourth quarter worth $137,000. Quadrature Capital Ltd acquired a new stake in Perella Weinberg Partners during the fourth quarter worth $165,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Perella Weinberg Partners by 16.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,306 shares of the company’s stock worth $174,000 after buying an additional 1,753 shares in the last quarter. 41.07% of the stock is owned by institutional investors.

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.