Perella Weinberg Partners (NASDAQ:PWP) Price Target Raised to $29.00

Perella Weinberg Partners (NASDAQ:PWP - Free Report) had its price target upped by Keefe, Bruyette & Woods from $27.00 to $29.00 in a research report released on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Perella Weinberg Partners Stock Down 1.1 %

Shares of PWP traded down $0.26 during mid-day trading on Monday, reaching $22.77. 645,510 shares of the stock traded hands, compared to its average volume of 720,507. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of -9.61 and a beta of 1.59. The stock has a fifty day simple moving average of $24.48 and a 200 day simple moving average of $22.12. Perella Weinberg Partners has a 12-month low of $11.68 and a 12-month high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.02). Perella Weinberg Partners had a negative net margin of 11.09% and a negative return on equity of 295.65%.

Perella Weinberg Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.23%. Perella Weinberg Partners's dividend payout ratio (DPR) is presently -11.81%.

Institutional Trading of Perella Weinberg Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its stake in Perella Weinberg Partners by 43.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company's stock valued at $37,000 after purchasing an additional 470 shares during the last quarter. US Bancorp DE increased its stake in Perella Weinberg Partners by 4.4% during the fourth quarter. US Bancorp DE now owns 17,602 shares of the company's stock valued at $420,000 after purchasing an additional 746 shares during the last quarter. Rhumbline Advisers increased its stake in Perella Weinberg Partners by 1.2% during the fourth quarter. Rhumbline Advisers now owns 70,861 shares of the company's stock valued at $1,689,000 after purchasing an additional 854 shares during the last quarter. Swiss National Bank increased its stake in Perella Weinberg Partners by 0.9% during the fourth quarter. Swiss National Bank now owns 100,000 shares of the company's stock valued at $2,384,000 after purchasing an additional 900 shares during the last quarter. Finally, Barclays PLC increased its stake in Perella Weinberg Partners by 0.8% during the third quarter. Barclays PLC now owns 186,387 shares of the company's stock valued at $3,600,000 after purchasing an additional 1,517 shares during the last quarter. Institutional investors own 41.07% of the company's stock.

Perella Weinberg Partners Company Profile

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.