Perella Weinberg Partners (NASDAQ:PWP – Get Rating) is scheduled to post its quarterly earnings results before the market opens on Thursday, February 9th. Persons interested in registering for the company's earnings conference call can do so using this link.
Perella Weinberg Partners (NASDAQ:PWP – Get Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $145.38 million for the quarter. Perella Weinberg Partners had a net margin of 2.92% and a return on equity of 35.55%.
Get Perella Weinberg Partners alerts:Perella Weinberg Partners Price Performance
Shares of PWP stock opened at $10.39 on Thursday. Perella Weinberg Partners has a 1-year low of $5.47 and a 1-year high of $11.92. The firm has a market cap of $907.05 million, a PE ratio of -23.09 and a beta of 1.68. The company has a 50-day moving average of $9.80 and a two-hundred day moving average of $8.33.
Insider Activity at Perella Weinberg Partners
In related news, Director Daniel G. Cohen sold 20,004 shares of Perella Weinberg Partners stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $9.67, for a total value of $193,438.68. Following the completion of the transaction, the director now owns 737,265 shares in the company, valued at $7,129,352.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Daniel G. Cohen sold 15,252 shares of Perella Weinberg Partners stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $8.30, for a total value of $126,591.60. Following the completion of the transaction, the director now owns 764,641 shares in the company, valued at $6,346,520.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel G. Cohen sold 20,004 shares of Perella Weinberg Partners stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $9.67, for a total transaction of $193,438.68. Following the completion of the transaction, the director now owns 737,265 shares of the company's stock, valued at approximately $7,129,352.55. The disclosure for this sale can be found here. Company insiders own 48.50% of the company's stock.Institutional Trading of Perella Weinberg Partners
Institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC lifted its position in shares of Perella Weinberg Partners by 23.1% during the 1st quarter. Hsbc Holdings PLC now owns 14,161 shares of the company's stock worth $137,000 after buying an additional 2,658 shares during the last quarter. Walleye Capital LLC raised its position in Perella Weinberg Partners by 87.4% in the 2nd quarter. Walleye Capital LLC now owns 22,359 shares of the company's stock valued at $130,000 after purchasing an additional 10,425 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Perella Weinberg Partners by 7.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,116 shares of the company's stock valued at $129,000 after purchasing an additional 1,612 shares during the last quarter. American International Group Inc. purchased a new stake in Perella Weinberg Partners in the 2nd quarter valued at $127,000. Finally, XTX Topco Ltd purchased a new stake in Perella Weinberg Partners in the 1st quarter valued at $121,000. Hedge funds and other institutional investors own 42.74% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on PWP shares. TheStreet upgraded shares of Perella Weinberg Partners from a "d" rating to a "c-" rating in a research report on Monday, December 12th. The Goldman Sachs Group lifted their price target on shares of Perella Weinberg Partners from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Friday, November 4th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Perella Weinberg Partners from $9.00 to $9.50 and gave the company a "market perform" rating in a research report on Tuesday, January 3rd.
About Perella Weinberg Partners
(Get Rating)
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.
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