Perella Weinberg Partners (NASDAQ:PWP – Get Free Report) announced a quarterly dividend on Thursday, February 8th, Zacks reports. Investors of record on Wednesday, February 28th will be given a dividend of 0.07 per share on Monday, March 11th. This represents a $0.28 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Tuesday, February 27th.
Perella Weinberg Partners has a dividend payout ratio of 24.6% indicating that its dividend is sufficiently covered by earnings.
Perella Weinberg Partners Stock Up 2.5 %
Perella Weinberg Partners stock opened at $12.80 on Friday. Perella Weinberg Partners has a one year low of $6.80 and a one year high of $13.18. The business’s fifty day moving average is $11.84 and its 200 day moving average is $10.93.
Analysts Set New Price Targets
PWP has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a “sell” rating and set a $11.50 target price (down previously from $14.00) on shares of Perella Weinberg Partners in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of Perella Weinberg Partners in a research note on Monday, January 29th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $18.00 price objective on shares of Perella Weinberg Partners in a research note on Monday, November 20th.
Insiders Place Their Bets
In other Perella Weinberg Partners news, General Counsel Vladimir Shendelman sold 7,722 shares of Perella Weinberg Partners stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $12.46, for a total value of $96,216.12. Following the sale, the general counsel now owns 67,341 shares of the company’s stock, valued at approximately $839,068.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 49.79% of the company’s stock.
Hedge Funds Weigh In On Perella Weinberg Partners
Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new position in shares of Perella Weinberg Partners in the 1st quarter worth approximately $35,000. Jane Street Group LLC purchased a new position in Perella Weinberg Partners during the 3rd quarter valued at $69,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Perella Weinberg Partners during the 2nd quarter valued at $78,000. Legato Capital Management LLC purchased a new position in Perella Weinberg Partners during the 2nd quarter valued at $89,000. Finally, Legal & General Group Plc boosted its holdings in 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 acquiring an additional 3,911 shares during the period. Hedge funds and other institutional investors own 39.38% 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 advice services related to mission-critical strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, capital markets advisory, private capital placement, and financing and capital advisory solutions focused on restructuring and liability management, as well as underwriting and research services primarily for the energy and related industries.
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