Perella Weinberg Partners (NASDAQ:PWP) Price Target Lowered to $18.00 at The Goldman Sachs Group

Perella Weinberg Partners (NASDAQ:PWP) had its price target cut by The Goldman Sachs Group from $20.00 to $18.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a sell rating on the stock.

Separately, Keefe, Bruyette & Woods raised their price objective on Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th.

Perella Weinberg Partners Price Performance

NASDAQ:PWP opened at $19.48 on Wednesday. Perella Weinberg Partners has a one year low of $11.68 and a one year high of $27.03. The company has a market cap of $1.69 billion, a PE ratio of -12.33 and a beta of 1.61. The firm’s 50 day simple moving average is $22.22 and its 200 day simple moving average is $22.67.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%.

Perella Weinberg Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Tuesday, February 18th. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -17.72%.

Institutional Investors Weigh In On Perella Weinberg Partners

Several institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its stake in Perella Weinberg Partners by 3.8% in the fourth quarter. FMR LLC now owns 8,181,941 shares of the company’s stock valued at $195,057,000 after buying an additional 301,587 shares during the period. Vanguard Group Inc. increased its stake in shares of Perella Weinberg Partners by 9.0% in the 4th quarter. Vanguard Group Inc. now owns 3,163,844 shares of the company’s stock valued at $75,426,000 after acquiring an additional 260,319 shares in the last quarter. Azora Capital LP lifted its position in shares of Perella Weinberg Partners by 3.4% during the 4th quarter. Azora Capital LP now owns 2,492,789 shares of the company’s stock valued at $59,428,000 after acquiring an additional 81,747 shares during the period. Westwood Holdings Group Inc. boosted its stake in Perella Weinberg Partners by 0.8% during the fourth quarter. Westwood Holdings Group Inc. now owns 2,112,393 shares of the company’s stock worth $50,359,000 after acquiring an additional 15,961 shares in the last quarter. Finally, State Street Corp grew its holdings in Perella Weinberg Partners by 4.5% in the third quarter. State Street Corp now owns 1,379,418 shares of the company’s stock worth $26,637,000 after purchasing an additional 59,989 shares during the period. 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.