Perella Weinberg Partners (NASDAQ:PWP) Plans $0.07 Quarterly Dividend

Perella Weinberg Partners (NASDAQ:PWP) announced a quarterly dividend on Friday, May 3rd, Zacks reports. Shareholders of record on Tuesday, May 28th will be paid a dividend of 0.07 per share on Monday, June 10th. This represents a $0.28 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, May 28th.

Perella Weinberg Partners has a dividend payout ratio of 22.4% meaning its dividend is sufficiently covered by earnings.

Perella Weinberg Partners Trading Down 2.1 %

Shares of PWP stock traded down $0.32 on Friday, hitting $14.72. 1,794,236 shares of the stock were exchanged, compared to its average volume of 445,137. Perella Weinberg Partners has a one year low of $6.80 and a one year high of $16.07. The firm’s 50 day moving average is $14.40 and its two-hundred day moving average is $12.50. The firm has a market capitalization of $1.27 billion, a PE ratio of -11.15 and a beta of 1.52.

Perella Weinberg Partners (NASDAQ:PWP) last issued its earnings results on Thursday, February 8th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $212.68 million for the quarter. Perella Weinberg Partners had a negative net margin of 2.66% and a positive return on equity of 34.39%.

Analysts Set New Price Targets

PWP has been the subject of several analyst reports. The Goldman Sachs Group reaffirmed a “sell” rating and set a $11.50 target price (down previously from $14.00) on shares of Perella Weinberg Partners in a report on Tuesday, January 9th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $16.00 target price on shares of Perella Weinberg Partners in a report on Monday, January 29th. Finally, JMP Securities raised their price target on shares of Perella Weinberg Partners from $18.00 to $22.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th.

About Perella Weinberg Partners

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.