Perella Weinberg Partners (NASDAQ:PWP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Perella Weinberg Partners (NASDAQ:PWP) from a hold rating to a buy rating in a report released on Saturday.

Several other equities analysts have also issued reports on PWP. Weiss Ratings lowered Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $21.00 target price (up from $19.00) on shares of Perella Weinberg Partners in a research report on Monday, August 3rd. Finally, The Goldman Sachs Group boosted their price target on shares of Perella Weinberg Partners from $14.50 to $16.00 and gave the stock a “sell” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Perella Weinberg Partners has an average rating of “Hold” and a consensus price target of $22.00.

Perella Weinberg Partners Stock Performance

Perella Weinberg Partners stock opened at $16.46 on Friday. The company has a market capitalization of $1.55 billion, a PE ratio of 63.31 and a beta of 1.64. Perella Weinberg Partners has a fifty-two week low of $14.11 and a fifty-two week high of $25.92. The firm has a 50 day moving average price of $16.24 and a 200 day moving average price of $17.93.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings results on Friday, July 31st. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.14. Perella Weinberg Partners had a negative return on equity of 35.84% and a net margin of 3.19%.The company had revenue of $156.53 million for the quarter, compared to analysts’ expectations of $144.76 million.

Perella Weinberg Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.7%. Perella Weinberg Partners’s dividend payout ratio is currently 107.69%.

Insider Activity

In other news, CEO Andrew Bednar sold 77,753 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $17.41, for a total value of $1,353,679.73. Following the sale, the chief executive officer directly owned 1,061,260 shares in the company, valued at approximately $18,476,536.60. This trade represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 235,697 shares of company stock valued at $4,080,379 in the last 90 days. 26.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Perella Weinberg Partners

Large investors have recently bought and sold shares of the stock. William Blair Investment Management LLC lifted its position in shares of Perella Weinberg Partners by 10.6% during the 4th quarter. William Blair Investment Management LLC now owns 3,946,163 shares of the company’s stock worth $68,269,000 after purchasing an additional 379,652 shares during the last quarter. Wesbanco Bank Inc. purchased a new position in Perella Weinberg Partners in the fourth quarter valued at $986,000. First Eagle Investment Management LLC raised its stake in Perella Weinberg Partners by 24.8% in the fourth quarter. First Eagle Investment Management LLC now owns 583,848 shares of the company’s stock valued at $10,101,000 after buying an additional 116,056 shares in the last quarter. Vanguard Group Inc. raised its stake in Perella Weinberg Partners by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 3,722,756 shares of the company’s stock valued at $64,404,000 after buying an additional 241,363 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in Perella Weinberg Partners by 14.9% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 621,774 shares of the company’s stock worth $11,291,000 after buying an additional 80,490 shares during the last quarter. Hedge funds and other institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Company Profile

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.