Keefe, Bruyette & Woods Issues Positive Forecast for Perella Weinberg Partners (NASDAQ:PWP) Stock Price

Perella Weinberg Partners (NASDAQ:PWP) had its target price boosted by stock analysts at Keefe, Bruyette & Woods from $19.00 to $20.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 11.51% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of Perella Weinberg Partners in a report on Wednesday, October 8th. Wall Street Zen downgraded Perella Weinberg Partners from a “hold” rating to a “sell” rating in a research report on Sunday. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.33.

Perella Weinberg Partners Trading Down 0.2%

Shares of PWP traded down $0.04 during trading hours on Wednesday, reaching $17.94. The company had a trading volume of 318,173 shares, compared to its average volume of 953,732. Perella Weinberg Partners has a 12-month low of $14.12 and a 12-month high of $27.03. The firm has a 50 day simple moving average of $18.66 and a 200-day simple moving average of $19.97. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 27.17 and a beta of 1.63.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings data on Friday, November 7th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $164.65 million for the quarter, compared to analysts’ expectations of $179.83 million.

Institutional Investors Weigh In On Perella Weinberg Partners

Hedge funds have recently modified their holdings of the company. Arizona State Retirement System grew its holdings in shares of Perella Weinberg Partners by 3.4% during the third quarter. Arizona State Retirement System now owns 17,814 shares of the company’s stock worth $380,000 after buying an additional 583 shares in the last quarter. New York State Teachers Retirement System grew its stake in Perella Weinberg Partners by 16.6% in the 3rd quarter. New York State Teachers Retirement System now owns 5,510 shares of the company’s stock worth $117,000 after acquiring an additional 786 shares during the period. Ameritas Investment Partners Inc. grew its stake in Perella Weinberg Partners by 20.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,225 shares of the company’s stock worth $121,000 after acquiring an additional 1,075 shares during the period. ProShare Advisors LLC raised its holdings in Perella Weinberg Partners by 11.6% in the 2nd quarter. ProShare Advisors LLC now owns 12,502 shares of the company’s stock valued at $243,000 after acquiring an additional 1,303 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Perella Weinberg Partners by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,745 shares of the company’s stock worth $566,000 after purchasing an additional 1,342 shares during the period. 41.07% of the stock is owned by institutional investors and hedge funds.

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.