Perella Weinberg Partners (NASDAQ:PWP) Receives “Market Outperform” Rating from JMP Securities

JMP Securities reissued their market outperform rating on shares of Perella Weinberg Partners (NASDAQ:PWP – Get Rating) in a research note issued to investors on Monday morning, Benzinga reports. JMP Securities currently has a $18.00 price objective on the stock.

A number of other analysts have also weighed in on PWP. The Goldman Sachs Group upped their target price on Perella Weinberg Partners from $11.00 to $12.50 and gave the stock a buy rating in a report on Friday, February 10th. TheStreet raised Perella Weinberg Partners from a d rating to a c- rating in a research report on Monday, December 12th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Perella Weinberg Partners from $9.00 to $9.50 and gave the stock a market perform rating in a report on Tuesday, January 3rd.

Perella Weinberg Partners Stock Performance

Shares of PWP opened at $8.99 on Monday. The company has a 50 day moving average price of $10.24 and a 200-day moving average price of $8.93. Perella Weinberg Partners has a fifty-two week low of $5.47 and a fifty-two week high of $12.00. The stock has a market capitalization of $784.83 million, a PE ratio of -19.13 and a beta of 1.61.

Perella Weinberg Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 28th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.11%. The ex-dividend date was Monday, February 27th. Perella Weinberg Partners’s dividend payout ratio is currently -59.57%.

Insiders Place Their Bets

In other news, Director Daniel G. Cohen sold 166,668 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $10.89, for a total transaction of $1,815,014.52. Following the transaction, the director now owns 601,355 shares in the company, valued at $6,548,755.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Perella Weinberg Partners news, Director Daniel G. Cohen sold 10,968 shares of Perella Weinberg Partners stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $10.73, for a total transaction of $117,686.64. Following the completion of the sale, the director now owns 595,871 shares of the company’s stock, valued at approximately $6,393,695.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel G. Cohen sold 166,668 shares of the stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $10.89, for a total value of $1,815,014.52. Following the completion of the transaction, the director now directly owns 601,355 shares in the company, valued at $6,548,755.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 217,134 shares of company stock valued at $2,362,096. 48.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Perella Weinberg Partners

A number of large investors have recently bought and sold shares of the company. Weiss Asset Management LP acquired a new stake in Perella Weinberg Partners during the 3rd quarter valued at approximately $64,000. Allspring Global Investments Holdings LLC acquired a new position in Perella Weinberg Partners during the fourth quarter valued at $64,000. Jane Street Group LLC purchased a new stake in Perella Weinberg Partners in the third quarter valued at $69,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Perella Weinberg Partners during the 2nd quarter worth about $78,000. Finally, Legal & General Group Plc raised its stake in shares of Perella Weinberg Partners by 33.5% during the 2nd quarter. Legal & General Group Plc now owns 15,601 shares of the company’s stock valued at $91,000 after buying an additional 3,911 shares during the last quarter. Hedge funds and other institutional investors own 42.74% of the company’s stock.

Perella Weinberg Partners Company Profile

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Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advice services related to mission-critical strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, capital raising, structure and restructuring, capital markets advisory, energy underwriting, and equity research.