Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Perella Weinberg Partners (NASDAQ:PWP) Stock

Perella Weinberg Partners (NASDAQ:PWP) had its price objective hoisted by analysts at Keefe, Bruyette & Woods from $20.00 to $23.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential downside of 3.85% from the stock’s current price.

A number of other research firms also recently weighed in on PWP. Wall Street Zen upgraded Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research report on Saturday. Wolfe Research set a $21.00 price objective on Perella Weinberg Partners in a report on Wednesday, January 7th. The Goldman Sachs Group upped their target price on Perella Weinberg Partners from $19.00 to $21.50 and gave the stock a “sell” rating in a research note on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Perella Weinberg Partners in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.63.

Perella Weinberg Partners Price Performance

Shares of Perella Weinberg Partners stock opened at $23.92 on Monday. Perella Weinberg Partners has a 1 year low of $14.12 and a 1 year high of $25.92. The firm has a market cap of $2.12 billion, a PE ratio of 52.00 and a beta of 1.64. The company has a 50 day simple moving average of $19.71 and a two-hundred day simple moving average of $20.20.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings data on Friday, February 6th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. Perella Weinberg Partners had a net margin of 4.69% and a negative return on equity of 21.97%. The firm had revenue of $219.16 million for the quarter, compared to analysts’ expectations of $192.84 million.

Institutional Trading of Perella Weinberg Partners

Several large investors have recently modified their holdings of the business. William Blair Investment Management LLC raised its position in Perella Weinberg Partners by 10.6% during the 4th quarter. William Blair Investment Management LLC now owns 3,946,163 shares of the company’s stock valued at $68,269,000 after purchasing an additional 379,652 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Perella Weinberg Partners by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 3,722,756 shares of the company’s stock worth $64,404,000 after buying an additional 241,363 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of Perella Weinberg Partners by 73.5% during the second quarter. Adage Capital Partners GP L.L.C. now owns 3,136,484 shares of the company’s stock valued at $60,911,000 after buying an additional 1,328,312 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Perella Weinberg Partners by 79.6% during the second quarter. Ameriprise Financial Inc. now owns 1,575,063 shares of the company’s stock valued at $30,588,000 after acquiring an additional 698,021 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Perella Weinberg Partners by 2.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,535,678 shares of the company’s stock worth $26,567,000 after acquiring an additional 29,545 shares during the period. 41.07% of the stock is owned by institutional investors.

About Perella Weinberg Partners

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.