Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.50 and last traded at $15.49, with a volume of 260562 shares trading hands. The stock had previously closed at $15.24.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on PWP shares. The Goldman Sachs Group reiterated a "sell" rating and set a $11.50 target price (down from $14.00) on shares of Perella Weinberg Partners in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $16.00 price objective on shares of Perella Weinberg Partners in a research report on Monday, January 29th.
Read Our Latest Stock Report on PWP
Perella Weinberg Partners Price Performance
The firm has a 50-day moving average of $13.32 and a 200-day moving average of $11.81. The stock has a market cap of $1.35 billion, a PE ratio of -11.81 and a beta of 1.59.
Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported $0.08 earnings per share for the quarter. The firm had revenue of $212.68 million during the quarter. Perella Weinberg Partners had a negative net margin of 2.66% and a positive return on equity of 34.39%.
Perella Weinberg Partners Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.80%. Perella Weinberg Partners's dividend payout ratio is currently -21.21%.
Institutional Trading of Perella Weinberg Partners
A number of large investors have recently made changes to their positions in PWP. Swiss National Bank boosted its holdings in shares of Perella Weinberg Partners by 9.2% in the 1st quarter. Swiss National Bank now owns 85,700 shares of the company's stock worth $810,000 after purchasing an additional 7,200 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Perella Weinberg Partners by 35,285.4% in the first quarter. JPMorgan Chase & Co. now owns 70,063 shares of the company's stock worth $662,000 after buying an additional 69,865 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Perella Weinberg Partners by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 81,682 shares of the company's stock worth $771,000 after acquiring an additional 1,728 shares during the last quarter. Citigroup Inc. boosted its holdings in Perella Weinberg Partners by 1,846.9% during the 1st quarter. Citigroup Inc. now owns 12,791 shares of the company's stock valued at $121,000 after acquiring an additional 12,134 shares during the period. Finally, BlackRock Inc. boosted its holdings in Perella Weinberg Partners by 21.9% during the 1st quarter. BlackRock Inc. now owns 758,099 shares of the company's stock valued at $7,164,000 after acquiring an additional 136,450 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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