Keefe, Bruyette & Woods reaffirmed their outperform rating on shares of Perella Weinberg Partners (NASDAQ:PWP – Free Report) in a research note released on Friday,Benzinga reports. The firm currently has a $20.00 price objective on the stock, up from their previous price objective of $19.00.
Several other research analysts have also recently weighed in on the stock. Weiss Ratings cut shares of Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, October 14th. The Goldman Sachs Group increased their price objective on Perella Weinberg Partners from $14.50 to $16.00 and gave the company a “sell” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen lowered Perella Weinberg Partners from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $21.75.
Read Our Latest Research Report on Perella Weinberg Partners
Perella Weinberg Partners Trading Up 5.2%
PWP opened at $14.73 on Friday. The stock has a market capitalization of $1.39 billion, a PE ratio of 37.77 and a beta of 1.63. Perella Weinberg Partners has a 1-year low of $12.13 and a 1-year high of $25.92. The firm has a 50-day moving average price of $14.77 and a two-hundred day moving average price of $17.43.
Perella Weinberg Partners (NASDAQ:PWP – Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.22. Perella Weinberg Partners had a net margin of 4.35% and a negative return on equity of 79.92%. The company had revenue of $251.37 million during the quarter, compared to the consensus estimate of $172.82 million.
Perella Weinberg Partners Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 8th. Shareholders of record on Tuesday, November 24th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, November 24th. Perella Weinberg Partners’s payout ratio is currently 71.79%.
Insider Transactions at Perella Weinberg Partners
In other Perella Weinberg Partners news, CEO Andrew Bednar sold 80,045 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $17.17, for a total transaction of $1,374,372.65. Following the transaction, the chief executive officer directly owned 1,139,013 shares in the company, valued at approximately $19,556,853.21. This represents a 6.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 235,697 shares of company stock worth $4,080,379. Corporate insiders own 26.10% of the company’s stock.
Institutional Investors Weigh In On Perella Weinberg Partners
A number of institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in Perella Weinberg Partners by 32.2% in the second quarter. Wellington Management Group LLP now owns 5,189,199 shares of the company’s stock valued at $82,820,000 after acquiring an additional 1,263,345 shares during the last quarter. Bank of America Corp DE grew its holdings in Perella Weinberg Partners by 41.6% during the 1st quarter. Bank of America Corp DE now owns 1,316,482 shares of the company’s stock worth $23,907,000 after acquiring an additional 386,473 shares during the period. Emerald Advisers LLC grew its holdings in Perella Weinberg Partners by 3.2% during the 1st quarter. Emerald Advisers LLC now owns 1,019,869 shares of the company’s stock worth $18,521,000 after acquiring an additional 31,163 shares during the period. Dimensional Fund Advisors LP grew its holdings in Perella Weinberg Partners by 45.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 852,987 shares of the company’s stock worth $15,488,000 after acquiring an additional 267,859 shares during the period. Finally, Emerald Mutual Fund Advisers Trust raised its position in shares of Perella Weinberg Partners by 14.9% during 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 during the last quarter. 41.07% of the stock is owned by institutional investors.
Trending Headlines about Perella Weinberg Partners
Here are the key news stories impacting Perella Weinberg Partners this week:
- Positive Sentiment: Q3 results substantially exceeded expectations. Revenue rose 53% year over year to $251 million, while adjusted EPS was $0.39 versus the $0.17 consensus estimate. GAAP diluted EPS was $0.21, and adjusted pretax income reached $56 million. Earnings Beat Might Change The Case For Investing In Perella Weinberg Partners Stock
- Positive Sentiment: Management signaled continued momentum. Executives said the firm is entering the fourth quarter and 2027 with strong momentum. The September acquisition of Gleacher Shacklock is expected to expand PWP’s advisory presence in the United Kingdom and Europe, while the company has continued adding senior talent. Perella Weinberg Reports Third Quarter 2026 Results
- Positive Sentiment: Keefe, Bruyette & Woods reaffirmed its “outperform” rating and raised its price target to $20 from $19, implying meaningful potential upside based on the reported reference price. Keefe Bruyette Woods stock recommendations
- Positive Sentiment: Capital returns remain supportive. PWP reported $150 million of cash and no debt, returned $88 million to shareholders during the first nine months, repurchased or retired more than three million shares and declared a quarterly dividend of $0.07 per share.
- Negative Sentiment: Insider selling is a cautionary signal. Company insiders made seven reported open-market sales over the past six months and no purchases, including sales by CEO Andrew Bednar and CFO Alexandra Gottschalk. PWP also retains a negative return on equity, so investors may monitor whether the earnings improvement is sustainable.
Perella Weinberg Partners Company Profile
Perella Weinberg Partners (NASDAQ: PWP) is an independent investment banking and financial services firm that provides strategic and financial advice to corporations, financial institutions, governments, and other organizations. The firm focuses on complex, high-value transactions and situations that require specialized advice and senior-level expertise.
Its services include mergers and acquisitions, strategic transactions, financial restructurings, capital markets advisory, and private capital advisory.
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