Perella Weinberg Partners (NASDAQ:PWP) Price Target Cut to $19.00 by Analysts at Keefe, Bruyette & Woods

Perella Weinberg Partners (NASDAQ:PWP) had its price target lowered by Keefe, Bruyette & Woods from $23.50 to $19.00 in a report published on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. Weiss Ratings upgraded Perella Weinberg Partners from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. The Goldman Sachs Group set a $16.00 target price on Perella Weinberg Partners in a research note on Friday, June 12th. Finally, Citizens Jmp dropped their target price on Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating on the stock in a report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $21.50.

Perella Weinberg Partners Price Performance

PWP stock opened at $14.91 on Friday. The company has a market capitalization of $1.39 billion, a P/E ratio of 62.12 and a beta of 1.65. Perella Weinberg Partners has a 12 month low of $14.54 and a 12 month high of $25.92. The firm’s fifty day simple moving average is $16.93 and its 200-day simple moving average is $18.69.

Perella Weinberg Partners (NASDAQ:PWP) last issued its earnings results on Friday, May 1st. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.11). The business had revenue of $148.92 million for the quarter, compared to analysts’ expectations of $158.82 million. Perella Weinberg Partners had a negative return on equity of 19.90% and a net margin of 2.82%.

Perella Weinberg Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, June 1st. Perella Weinberg Partners’s dividend payout ratio (DPR) is 116.67%.

Insider Activity

In related news, CFO Alexandra Gottschalk sold 14,018 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $17.46, for a total transaction of $244,754.28. Following the completion of the sale, the chief financial officer directly owned 72,492 shares in the company, valued at approximately $1,265,710.32. The trade was a 16.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 109,477 shares of company stock valued at $2,034,533 over the last quarter. Insiders own 26.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PWP. Los Angeles Capital Management LLC purchased a new stake in shares of Perella Weinberg Partners during the fourth quarter worth $45,000. Torren Management LLC purchased a new position in shares of Perella Weinberg Partners in the fourth quarter worth about $62,000. Kemnay Advisory Services Inc. purchased a new position in shares of Perella Weinberg Partners in the fourth quarter worth about $86,000. Tower Research Capital LLC TRC boosted its position in Perella Weinberg Partners by 460.5% during the second quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock worth $100,000 after acquiring an additional 4,232 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Perella Weinberg Partners by 24.3% during the first quarter. PNC Financial Services Group Inc. now owns 6,852 shares of the company’s stock worth $124,000 after acquiring an additional 1,338 shares during the last quarter. Hedge funds and other institutional investors own 41.07% of the company’s stock.

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.