Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) declared a quarterly dividend on Friday, November 8th,Zacks Dividends reports. Stockholders of record on Wednesday, December 4th will be given a dividend of 0.07 per share on Wednesday, December 18th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, December 4th.
Perella Weinberg Partners has a payout ratio of 20.7% indicating that its dividend is sufficiently covered by earnings.
Perella Weinberg Partners Trading Up 2.3 %
PWP traded up $0.55 during trading on Friday, hitting $24.43. The stock had a trading volume of 615,839 shares, compared to its average volume of 281,886. The firm has a market cap of $2.10 billion, a PE ratio of -8.48 and a beta of 1.49. Perella Weinberg Partners has a 12 month low of $10.12 and a 12 month high of $25.10. The company has a 50 day simple moving average of $20.16 and a 200-day simple moving average of $17.79.
Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.14. Perella Weinberg Partners had a negative net margin of 15.75% and a positive return on equity of 56.85%. The business had revenue of $278.20 million during the quarter, compared to analyst estimates of $196.42 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. The firm's revenue for the quarter was up 100.1% on a year-over-year basis.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. JMP Securities boosted their target price on Perella Weinberg Partners from $22.00 to $26.00 and gave the stock a "market outperform" rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their price objective on Perella Weinberg Partners from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Friday, July 12th.
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About Perella Weinberg Partners
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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.
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