Perella Weinberg Partners (NASDAQ:PWP – Get Free Report)’s share price hit a new 52-week high during trading on Wednesday after JMP Securities raised their price target on the stock from $22.00 to $26.00. JMP Securities currently has a market outperform rating on the stock. Perella Weinberg Partners traded as high as $20.60 and last traded at $20.40, with a volume of 284481 shares changing hands. The stock had previously closed at $19.93.
Separately, Keefe, Bruyette & Woods raised their price objective on shares of Perella Weinberg Partners from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, July 12th.
View Our Latest Stock Report on Perella Weinberg Partners
Hedge Funds Weigh In On Perella Weinberg Partners
Perella Weinberg Partners Stock Up 3.5 %
The firm has a market capitalization of $1.94 billion, a P/E ratio of -11.09 and a beta of 1.50. The business’s 50-day simple moving average is $18.95 and its 200 day simple moving average is $16.79.
Perella Weinberg Partners (NASDAQ:PWP – Get Free Report) last issued its earnings results on Friday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.26. Perella Weinberg Partners had a negative net margin of 15.75% and a positive return on equity of 56.85%. The firm had revenue of $272.00 million for the quarter, compared to analysts’ expectations of $179.35 million. During the same quarter last year, the business earned $0.16 earnings per share. The business’s revenue was up 64.3% on a year-over-year basis.
Perella Weinberg Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were paid a $0.07 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.28 annualized dividend and a dividend yield of 1.36%. Perella Weinberg Partners’s payout ratio is presently -15.05%.
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.
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