Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) announced a quarterly dividend on Friday, May 3rd, Zacks reports. Shareholders of record on Tuesday, May 28th will be paid a dividend of 0.07 per share on Monday, June 10th. This represents a $0.28 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, May 28th.
Perella Weinberg Partners has a dividend payout ratio of 22.4% meaning its dividend is sufficiently covered by earnings.
Perella Weinberg Partners Price Performance
Shares of NASDAQ:PWP traded down $0.32 during mid-day trading on Friday, reaching $14.72. 1,794,236 shares of the company traded hands, compared to its average volume of 445,137. The company's 50 day moving average price is $14.40 and its 200-day moving average price is $12.50. The firm has a market cap of $1.27 billion, a PE ratio of -11.15 and a beta of 1.52. Perella Weinberg Partners has a 52 week low of $6.80 and a 52 week high of $16.07.
Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.08 earnings per share (EPS) for the quarter. Perella Weinberg Partners had a negative net margin of 2.66% and a positive return on equity of 34.39%. The firm had revenue of $212.68 million during the quarter.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on PWP. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $16.00 price objective on shares of Perella Weinberg Partners in a research note on Monday, January 29th. The Goldman Sachs Group restated a "sell" rating and set a $11.50 target price (down previously from $14.00) on shares of Perella Weinberg Partners in a research report on Tuesday, January 9th. Finally, JMP Securities lifted their price target on shares of Perella Weinberg Partners from $18.00 to $22.00 and gave the company a "market outperform" rating in a report on Tuesday, April 9th.
Read Our Latest Stock Analysis on PWP
Perella Weinberg Partners Company Profile
(
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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.
Further Reading
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