Perella Weinberg Partners' (PWP) "Outperform" Rating Reiterated at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods reiterated its “Outperform” rating on Perella Weinberg Partners and raised its price target to $20 from $19, implying roughly 38% upside from the prior close. However, the broader analyst consensus remains “Hold,” with a $21.75 target.
• PWP shares rose 3.5% to $14.49 after the company reported quarterly revenue of $251.4 million and adjusted EPS of $0.39, both substantially exceeding analyst expectations.
• Institutional investors increased their holdings, while insiders—including CEO Andrew Bednar—continued selling shares. Hedge funds and other institutions own approximately 41.1% of the company, compared with 26.1% insider ownership.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report)'s stock had its "outperform" rating reissued by analysts at Keefe, Bruyette & Woods in a report issued on Friday, Benzinga reports. They currently have a $20.00 price objective on the stock, up from their prior price objective of $19.00. Keefe, Bruyette & Woods's target price would suggest a potential upside of 37.98% from the company's previous close.

Several other research analysts have also weighed in on PWP. Weiss Ratings lowered Perella Weinberg Partners from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, October 14th. Wall Street Zen lowered shares of Perella Weinberg Partners from a "buy" rating to a "hold" rating in a research note on Saturday, October 3rd. Finally, The Goldman Sachs Group increased their target price 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $21.75.

Perella Weinberg Partners Stock Up 3.5%

Shares of PWP stock traded up $0.49 during trading hours on Friday, hitting $14.49. 396,128 shares of the company's stock traded hands, compared to its average volume of 1,298,634. The stock has a market cap of $1.36 billion, a PE ratio of 55.79 and a beta of 1.63. The stock's 50 day simple moving average is $14.79 and its 200 day simple moving average is $17.45. Perella Weinberg Partners has a 12 month low of $12.13 and a 12 month high of $25.92.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.22. Perella Weinberg Partners had a negative return on equity of 35.84% and a net margin of 3.19%. The business had revenue of $251.37 million during the quarter, compared to analyst estimates of $172.82 million.

Insiders Place Their Bets

In related news, CEO Andrew Bednar sold 80,045 shares of Perella Weinberg Partners stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $17.17, for a total value of $1,374,372.65. Following the sale, the chief executive officer owned 1,139,013 shares of the company's stock, valued at approximately $19,556,853.21. The trade was a 6.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 235,697 shares of company stock valued at $4,080,379 in the last 90 days. 26.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Perella Weinberg Partners

Large investors have recently modified their holdings of the business. Wellington Management Group LLP grew its position in shares of Perella Weinberg Partners by 32.2% during the 2nd quarter. Wellington Management Group LLP now owns 5,189,199 shares of the company's stock valued at $82,820,000 after purchasing an additional 1,263,345 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Perella Weinberg Partners by 41.6% during the 1st quarter. Bank of America Corp DE now owns 1,316,482 shares of the company's stock valued at $23,907,000 after acquiring an additional 386,473 shares during the last quarter. Sei Investments Co. boosted its position in shares of Perella Weinberg Partners by 151.2% during the 1st quarter. Sei Investments Co. now owns 610,588 shares of the company's stock valued at $11,088,000 after acquiring an additional 367,525 shares during the last quarter. Ranger Investment Management L.P. purchased a new position in shares of Perella Weinberg Partners during the second quarter worth about $5,139,000. Finally, Dimensional Fund Advisors LP raised its stake in Perella Weinberg Partners by 45.8% in the first quarter. Dimensional Fund Advisors LP now owns 852,987 shares of the company's stock valued at $15,488,000 after purchasing an additional 267,859 shares in the last quarter. Hedge funds and other institutional investors own 41.07% of the company's stock.

Perella Weinberg Partners News Roundup

Here are the key news stories impacting Perella Weinberg Partners this week:

• Positive Sentiment: Third-quarter revenue rose 53% year over year to $251.4 million and 61% from the prior quarter, beating analysts’ $172.8 million estimate. Adjusted EPS was $0.39 versus the $0.17 consensus, while adjusted pre-tax income reached $56 million. Perella Weinberg Reports Third Quarter 2026 Results
• Positive Sentiment: Management said the firm is carrying strong momentum into the fourth quarter and 2027. The Gleacher Shacklock acquisition expands PWP’s presence in the United Kingdom and Europe, while the company added 14 partners and 13 managing directors year to date. Perella Weinberg Partners Q3 2026: Revenue Surges 53%, Margin Doubles
• Positive Sentiment: PWP reported $150 million of cash and no debt at September 30, retired more than three million shares or share equivalents, and returned $88 million to equity holders during the first nine months. The board also declared a quarterly dividend of $0.07 per share, equivalent to a 2.0% annualized yield, payable December 8 to shareholders of record November 24.
• Neutral Sentiment: GAAP diluted EPS was $0.21, compared with adjusted EPS of $0.39, and nine-month revenue increased a more modest 5% to $556.8 million. This highlights strong quarterly operating momentum but also the importance of monitoring the sustainability of the earnings improvement. PWP Q3 2026 Earnings Call Transcript
• Negative Sentiment: Reported insider activity was entirely selling over the past six months, including sales by CEO Andrew Bednar and CFO Alexandra Gottschalk. Insider selling may temper investor enthusiasm despite the earnings beat.

Perella Weinberg Partners Company Profile

Perella Weinberg Partners NASDAQ: PWP is an independent investment banking and financial services firm that provides strategic and financial advice to corporations, financial institutions, governments, and other organizations. The firm focuses on complex, high-value transactions and situations that require specialized advice and senior-level expertise.

Its services include mergers and acquisitions, strategic transactions, financial restructurings, capital markets advisory, and private capital advisory.

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