Perella Weinberg Partners (NASDAQ:PWP) Sees Strong Trading Volume

Shares of Perella Weinberg Partners (NASDAQ:PWP) saw an uptick in trading volume on Tuesday . 590,506 shares were traded during mid-day trading, an increase of 38% from the previous session’s volume of 429,382 shares.The stock last traded at $19.66 and had previously closed at $19.73.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PWP. JMP Securities reissued a “market outperform” rating and issued a $22.00 price target on shares of Perella Weinberg Partners in a research note on Monday, August 5th. Keefe, Bruyette & Woods increased their price target on shares of Perella Weinberg Partners from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th.

Perella Weinberg Partners Stock Down 1.2 %

The firm has a market cap of $1.84 billion, a PE ratio of -10.61 and a beta of 1.50. The stock’s fifty day simple moving average is $16.82 and its two-hundred day simple moving average is $15.21.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.26. The business had revenue of $272.00 million for the quarter, compared to analysts’ expectations of $179.35 million. Perella Weinberg Partners had a negative net margin of 7.74% and a positive return on equity of 17.87%. The business’s revenue was up 64.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 earnings per share.

Perella Weinberg Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, September 5th. Perella Weinberg Partners’s payout ratio is -15.05%.

Institutional Investors Weigh In On Perella Weinberg Partners

A number of institutional investors have recently made changes to their positions in PWP. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Perella Weinberg Partners by 21.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,681 shares of the company’s stock valued at $131,000 after buying an additional 1,855 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Perella Weinberg Partners by 122.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,763 shares of the company’s stock valued at $159,000 after buying an additional 5,379 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Perella Weinberg Partners during the fourth quarter valued at approximately $165,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Perella Weinberg Partners by 16.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,306 shares of the company’s stock valued at $174,000 after buying an additional 1,753 shares during the last quarter. Finally, Olympiad Research LP purchased a new stake in shares of Perella Weinberg Partners during the fourth quarter valued at approximately $195,000. Hedge funds and other 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.