Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) had its price target upped by Keefe, Bruyette & Woods from $23.00 to $24.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 6.81% from the company's previous close.
Several other equities analysts also recently weighed in on PWP. JMP Securities reduced their target price on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group raised their price target on Perella Weinberg Partners from $16.00 to $18.00 and gave the company a "sell" rating in a report on Thursday, May 15th. Finally, Wall Street Zen cut shares of Perella Weinberg Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th.
Check Out Our Latest Stock Report on Perella Weinberg Partners
Perella Weinberg Partners Stock Performance
Shares of PWP stock traded up $0.08 during trading hours on Monday, hitting $22.47. 265,998 shares of the company were exchanged, compared to its average volume of 948,665. The company has a 50 day simple moving average of $19.60 and a two-hundred day simple moving average of $19.86. The firm has a market cap of $1.99 billion, a P/E ratio of 27.43 and a beta of 1.66. Perella Weinberg Partners has a fifty-two week low of $14.12 and a fifty-two week high of $27.03.
Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.07). The business had revenue of $155.27 million for the quarter, compared to the consensus estimate of $188.06 million. Perella Weinberg Partners had a negative return on equity of 26.14% and a net margin of 6.57%.
Institutional Trading of Perella Weinberg Partners
A number of large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets bought a new stake in shares of Perella Weinberg Partners during the 4th quarter valued at $413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Perella Weinberg Partners by 21.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,898 shares of the company's stock worth $2,191,000 after buying an additional 16,057 shares during the period. Barclays PLC lifted its position in shares of Perella Weinberg Partners by 8.7% during the 4th quarter. Barclays PLC now owns 202,517 shares of the company's stock valued at $4,828,000 after buying an additional 16,130 shares in the last quarter. Deutsche Bank AG increased its holdings in Perella Weinberg Partners by 53.6% in the 4th quarter. Deutsche Bank AG now owns 45,179 shares of the company's stock worth $1,077,000 after acquiring an additional 15,763 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Perella Weinberg Partners by 49.6% during the 4th quarter. Millennium Management LLC now owns 180,031 shares of the company's stock worth $4,292,000 after acquiring an additional 59,672 shares during the period. 41.07% of the stock is currently owned by institutional investors.
About Perella Weinberg Partners
(
Get Free Report)
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.
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