Perella Weinberg Partners (NASDAQ:PWP) Given New $18.00 Price Target at The Goldman Sachs Group

Perella Weinberg Partners (NASDAQ:PWP) had its price target hoisted by The Goldman Sachs Group from $16.00 to $18.00 in a report released on Thursday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Several other research analysts also recently commented on PWP. JMP Securities cut their price target on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods cut their price target on shares of Perella Weinberg Partners from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday.

Perella Weinberg Partners Trading Down 1.5%

PWP opened at $18.97 on Thursday. The company has a 50 day moving average of $17.71 and a 200 day moving average of $21.87. The company has a market cap of $1.68 billion, a PE ratio of -12.01 and a beta of 1.69. Perella Weinberg Partners has a 12 month low of $13.82 and a 12 month high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.21 by $0.07. Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%. The company had revenue of $211.83 million during the quarter, compared to the consensus estimate of $200.29 million. During the same period last year, the firm earned ($0.10) EPS.

Perella Weinberg Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Wednesday, May 14th. Perella Weinberg Partners’s dividend payout ratio (DPR) is currently -65.12%.

Institutional Trading of Perella Weinberg Partners

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its position in shares of Perella Weinberg Partners by 43.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company’s stock valued at $37,000 after buying an additional 470 shares in the last quarter. Versant Capital Management Inc purchased a new position in Perella Weinberg Partners in the 1st quarter worth $32,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Perella Weinberg Partners in the 1st quarter worth $40,000. Venturi Wealth Management LLC purchased a new position in Perella Weinberg Partners in the 4th quarter worth $64,000. Finally, GAMMA Investing LLC raised its position in Perella Weinberg Partners by 2,401.3% in the 1st quarter. GAMMA Investing LLC now owns 3,827 shares of the company’s stock worth $70,000 after purchasing an additional 3,674 shares during the period. Hedge funds and other 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.