Perella Weinberg Partners (NASDAQ:PWP) Price Target Raised to $23.00

Perella Weinberg Partners (NASDAQ:PWP) had its target price lifted by stock analysts at Keefe, Bruyette & Woods from $20.00 to $23.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential downside of 1.12% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. The Goldman Sachs Group set a $21.50 price target on shares of Perella Weinberg Partners in a research note on Monday. Wall Street Zen upgraded Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Perella Weinberg Partners in a report on Thursday, January 22nd. Finally, Wolfe Research set a $21.00 price objective on shares of Perella Weinberg Partners in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Perella Weinberg Partners presently has an average rating of “Hold” and a consensus target price of $23.63.

Perella Weinberg Partners Price Performance

Shares of PWP stock opened at $23.26 on Monday. The company has a 50-day moving average of $19.46 and a two-hundred day moving average of $20.15. Perella Weinberg Partners has a 1-year low of $14.12 and a 1-year high of $25.83. The firm has a market cap of $2.07 billion, a PE ratio of 50.57 and a beta of 1.64.

Perella Weinberg Partners (NASDAQ:PWP) last announced its earnings results on Friday, February 6th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The company had revenue of $219.16 million for the quarter, compared to analyst estimates of $192.84 million. Perella Weinberg Partners had a negative return on equity of 21.97% and a net margin of 4.69%.

Institutional Investors Weigh In On Perella Weinberg Partners

Hedge funds have recently modified their holdings of the stock. Arizona State Retirement System raised its stake in Perella Weinberg Partners by 3.4% during the third quarter. Arizona State Retirement System now owns 17,814 shares of the company’s stock worth $380,000 after purchasing an additional 583 shares during the period. ProShare Advisors LLC raised its position in shares of Perella Weinberg Partners by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 11,366 shares of the company’s stock worth $197,000 after buying an additional 733 shares during the period. New York State Teachers Retirement System boosted its holdings in Perella Weinberg Partners by 16.6% in the third quarter. New York State Teachers Retirement System now owns 5,510 shares of the company’s stock valued at $117,000 after acquiring an additional 786 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Perella Weinberg Partners by 10.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,138 shares of the company’s stock valued at $175,000 after acquiring an additional 997 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in Perella Weinberg Partners by 20.9% during the second quarter. Ameritas Investment Partners Inc. now owns 6,225 shares of the company’s stock worth $121,000 after acquiring an additional 1,075 shares during the last quarter. 41.07% of the stock is owned by institutional investors and hedge funds.

About Perella Weinberg Partners

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.