Perella Weinberg Partners (NASDAQ:PWP) Sets New 1-Year High – Here’s What Happened

Perella Weinberg Partners (NASDAQ:PWP)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $23.33 and last traded at $23.33, with a volume of 1126 shares changing hands. The stock had previously closed at $21.08.

Analysts Set New Price Targets

A number of brokerages have issued reports on PWP. JMP Securities boosted their price target on shares of Perella Weinberg Partners from $22.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Perella Weinberg Partners from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, July 12th.

Perella Weinberg Partners Stock Down 4.0 %

The stock has a market capitalization of $2.05 billion, a PE ratio of -8.29 and a beta of 1.49. The stock has a fifty day moving average of $20.06 and a 200-day moving average of $17.72.

Hedge Funds Weigh In On Perella Weinberg Partners

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its position in shares of Perella Weinberg Partners by 27.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,212 shares of the company’s stock worth $215,000 after purchasing an additional 3,237 shares during the last quarter. Swiss National Bank boosted its position in shares of Perella Weinberg Partners by 13.4% during the 1st quarter. Swiss National Bank now owns 90,400 shares of the company’s stock worth $1,277,000 after acquiring an additional 10,700 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Perella Weinberg Partners by 9.4% in the 1st quarter. Sei Investments Co. now owns 83,735 shares of the company’s stock valued at $1,183,000 after acquiring an additional 7,203 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Perella Weinberg Partners by 17.5% during the 1st quarter. Russell Investments Group Ltd. now owns 1,114,240 shares of the company’s stock worth $15,744,000 after acquiring an additional 166,168 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its stake in Perella Weinberg Partners by 21.2% during the first quarter. Bleakley Financial Group LLC now owns 22,502 shares of the company’s stock worth $318,000 after purchasing an additional 3,930 shares during the last quarter. 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.