Perella Weinberg Partners (NASDAQ:PWP) Sees Unusually-High Trading Volume

Perella Weinberg Partners (NASDAQ:PWP) shares saw unusually-strong trading volume on Friday . Approximately 490,529 shares traded hands during mid-day trading, an increase of 50% from the previous session’s volume of 327,953 shares.The stock last traded at $15.68 and had previously closed at $15.61.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PWP shares. JMP Securities upped their price objective on shares of Perella Weinberg Partners from $18.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $16.00 price objective on shares of Perella Weinberg Partners in a research report on Monday, January 29th. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $11.50 price objective (down from $14.00) on shares of Perella Weinberg Partners in a research report on Tuesday, January 9th.

Perella Weinberg Partners Stock Performance

The stock has a market capitalization of $1.32 billion, a P/E ratio of -11.61 and a beta of 1.59. The stock’s fifty day simple moving average is $14.21 and its two-hundred day simple moving average is $12.33.

Perella Weinberg Partners (NASDAQ:PWP) last posted its earnings results on Thursday, February 8th. The company reported $0.08 earnings per share for the quarter. Perella Weinberg Partners had a negative net margin of 2.66% and a positive return on equity of 34.39%. The firm had revenue of $212.68 million for the quarter.

Perella Weinberg Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Tuesday, February 27th. Perella Weinberg Partners’s payout ratio is -21.21%.

Institutional Investors Weigh In On Perella Weinberg Partners

A number of institutional investors have recently added to or reduced their stakes in PWP. Allworth Financial LP bought a new stake in shares of Perella Weinberg Partners in the 4th quarter valued at $44,000. Quantbot Technologies LP bought a new stake in shares of Perella Weinberg Partners in the 3rd quarter valued at $62,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Perella Weinberg Partners by 21.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,681 shares of the company’s stock valued at $131,000 after purchasing an additional 1,855 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Perella Weinberg Partners in the 4th quarter valued at $137,000. Finally, Simplicity Solutions LLC boosted its stake in shares of Perella Weinberg Partners by 38.4% in the 3rd quarter. Simplicity Solutions LLC now owns 16,136 shares of the company’s stock valued at $164,000 after purchasing an additional 4,474 shares during the last quarter. 41.07% of the stock is owned by institutional investors.

About Perella Weinberg Partners

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.