Keefe, Bruyette & Woods Reaffirms “Outperform” Rating for Perella Weinberg Partners (NASDAQ:PWP)

Perella Weinberg Partners (NASDAQ:PWP)‘s stock had its “outperform” rating reissued by equities researchers at Keefe, Bruyette & Woods in a research note issued to investors on Monday,Benzinga reports. They presently have a $21.00 price target on the stock, up from their prior price target of $19.00. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 21.60% from the company’s previous close.

A number of other equities analysts have also weighed in on PWP. Weiss Ratings lowered shares of Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. The Goldman Sachs Group reiterated a “sell” rating on shares of Perella Weinberg Partners in a research note on Monday. Finally, Citizens Jmp decreased their price objective on Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating for the company in a report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.00.

Perella Weinberg Partners Trading Down 2.2%

Shares of PWP traded down $0.38 during mid-day trading on Monday, hitting $17.27. 555,082 shares of the company traded hands, compared to its average volume of 1,134,184. Perella Weinberg Partners has a one year low of $14.11 and a one year high of $25.92. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 66.23 and a beta of 1.64. The business has a 50-day moving average of $16.05 and a 200 day moving average of $18.45.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.14. Perella Weinberg Partners had a negative return on equity of 28.98% and a net margin of 3.19%.The business had revenue of $156.53 million for the quarter, compared to analyst estimates of $144.76 million.

Insiders Place Their Bets

In other news, CFO Alexandra Gottschalk sold 51,671 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $19.74, for a total value of $1,019,985.54. Following the sale, the chief financial officer owned 72,492 shares of the company’s stock, valued at $1,430,992.08. The trade was a 41.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 109,477 shares of company stock worth $2,034,533 in the last three months. 26.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. William Blair Investment Management LLC lifted its position in Perella Weinberg Partners by 10.6% in the fourth 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. Wesbanco Bank Inc. purchased a new position in shares of Perella Weinberg Partners in the 4th quarter valued at approximately $986,000. First Eagle Investment Management LLC boosted its holdings in shares of Perella Weinberg Partners by 24.8% during the 4th quarter. First Eagle Investment Management LLC now owns 583,848 shares of the company’s stock valued at $10,101,000 after buying an additional 116,056 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Perella Weinberg Partners by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 3,722,756 shares of the company’s stock worth $64,404,000 after acquiring an additional 241,363 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its position in Perella Weinberg Partners by 14.9% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 621,774 shares of the company’s stock valued at $11,291,000 after acquiring an additional 80,490 shares in the last quarter. 41.07% of the stock is currently 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.