Perella Weinberg Partners (NASDAQ:PWP) Given New $29.00 Price Target at Keefe, Bruyette & Woods

Perella Weinberg Partners (NASDAQ:PWP) had its target price increased by analysts at Keefe, Bruyette & Woods from $27.00 to $29.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 22.62% from the stock’s current price.

Perella Weinberg Partners Stock Down 2.5 %

NASDAQ:PWP opened at $23.65 on Monday. The business’s 50-day moving average price is $24.59 and its 200 day moving average price is $22.11. Perella Weinberg Partners has a 52-week low of $11.68 and a 52-week high of $27.03. The firm has a market cap of $2.08 billion, a P/E ratio of -9.98 and a beta of 1.59.

Perella Weinberg Partners (NASDAQ:PWP) last released its earnings results on Friday, February 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). Perella Weinberg Partners had a negative return on equity of 295.65% and a negative net margin of 11.09%.

Institutional Trading of Perella Weinberg Partners

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Perella Weinberg Partners by 9.0% during the fourth quarter. Vanguard Group Inc. now owns 3,163,844 shares of the company’s stock valued at $75,426,000 after purchasing an additional 260,319 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Perella Weinberg Partners by 22.7% during the 4th quarter. LPL Financial LLC now owns 54,917 shares of the company’s stock valued at $1,309,000 after buying an additional 10,173 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Perella Weinberg Partners during the 4th quarter valued at $248,000. Quantbot Technologies LP increased its stake in shares of Perella Weinberg Partners by 109.6% in the fourth quarter. Quantbot Technologies LP now owns 78,622 shares of the company’s stock worth $1,874,000 after acquiring an additional 41,106 shares during the last quarter. Finally, William Blair Investment Management LLC increased its stake in shares of Perella Weinberg Partners by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,236,570 shares of the company’s stock worth $29,480,000 after acquiring an additional 30,441 shares during the last quarter. Hedge funds and other institutional investors own 41.07% of the company’s stock.

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.